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Saks Global to close nine more stores amid bankruptcy proceedings

Tuesday, February 10 by SRN News

Feb 10 (Reuters) - Saks Global said on Tuesday it is closing nine more stores as the high-end department store conglomerate looks to focus on more profitable locations. The luxury retailer said it is closing eight Saks Fifth Avenue locations and one Neiman Marcus location... Read More.

S&P Global shares slide on weak 2026 forecast, AI concerns

Tuesday, February 10 by SRN News

By Pritam Biswas and Pragyan Kalita Feb 10 (Reuters) - S&P Global forecast 2026 profit below Wall Street expectations on Tuesday, with growing investor unease over AI-driven disruption sweeping through the software and services sector, pushing its shares to their lowest in over two... Read More.

Saks Global collapse shows struggles of department store model, Kering CEO says

Tuesday, February 10 by SRN News

PARIS, Feb 10 (Reuters) - Luca De Meo, the CEO of Gucci-owner Kering, said on Tuesday the crisis at high-end department store conglomerate Saks Global shows that the distribution model of department stores needs to be reinvented. Speaking to reporters after presenting the group's... Read More.

Saks Global to close most of its Saks Off 5th stores as it restructures during Chapter 11 bankruptcy

Friday, January 30 by SRN News

NEW YORK (AP) - The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its iconic department stores and raise money to pay off its debts during its Chapter 11 bankuptcy reorganization.... Read More.

Asian shares extend selloff, global bond rout stokes fresh anxiety

Tuesday, January 20 by SRN News

By Stella Qiu SYDNEY, Jan 21 (Reuters) - Asian stocks extended their losses for a third session on Wednesday, undone by heightened tensions over U.S. threats to acquire Greenland ahead of President Donald Trump's Davos speech, while a global bond rout appeared to slow for... Read More.

US will exit dozens of international organizations as it further retreats from global cooperation

Wednesday, January 7 by SRN News

WASHINGTON (AP) - The Trump administration will withdraw from dozens of international organizations, including the U.N.'s population agency and the U.N. treaty that establishes international climate negotiations, as the U.S. further retreats from global cooperation. President Donald Trump on Wednesday signed an executive order suspending... Read More.

Brazil surpassing US as top beef producer, easing global supply squeeze

Wednesday, January 7 by SRN News

By Ana Mano and Peter Hobson BARRETOS, Brazil, Jan 7 (Reuters) - Brazil surpassed the U.S. as the world's top beef producer last year, according to market estimates, after the South American country beat output forecasts by hundreds of thousands of tons, easing a global... Read More.

Chevron, Quantum Energy to bid for Lukoil global assets worth $22 billion, FT reports

Wednesday, January 7 by SRN News

Jan 7 (Reuters) - U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday. "Chevron has a diverse... Read More.

Crude oil slumps, Asian shares edge lower as global tensions climb

Tuesday, January 6 by SRN News

By Rocky Swift TOKYO, Jan 7 (Reuters) - Crude futures slid and resource shares climbed in Asian trading as markets absorbed the impact of political upheaval in Venezuela and the fate of its petroleum reserves. Oil prices continued their slide after U.S. President Donald Trump said... Read More.

Analysis-Goldman Sachs tops global M&A rankings with $1.48 trillion in deals

Tuesday, January 6 by SRN News

By Dawn Kopecki and Anousha Sakoui NEW YORK, Jan 6 (Reuters) - Goldman Sachs once again dominated the league tables for global dealmaking in 2025, taking market share and the top spot in a year marked by high-stakes political drama and increasingly bigger mergers.... Read More.

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Stories tagged with: global

Saks Global to close nine more stores amid bankruptcy proceedings

S&P Global shares slide on weak 2026 forecast, AI concerns

Saks Global collapse shows struggles of department store model, Kering CEO says

Saks Global to close most of its Saks Off 5th stores as it restructures during Chapter 11 bankruptcy

Asian shares extend selloff, global bond rout stokes fresh anxiety

US will exit dozens of international organizations as it further retreats from global cooperation

Brazil surpassing US as top beef producer, easing global supply squeeze

Chevron, Quantum Energy to bid for Lukoil global assets worth $22 billion, FT reports

Crude oil slumps, Asian shares edge lower as global tensions climb

Analysis-Goldman Sachs tops global M&A rankings with $1.48 trillion in deals

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