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Europe’s banks under microscope with property worries swirling
EUROPE’S lenders remained in the focus of investors on Thursday (Feb 8) as analysts assessed the risk of contagion from the troubles in commercial real estate markets. Deutsche Bank...
No Signboard’s investor to provide additional capital via escrow arrangement
RESTAURANT operator No Signboard said on Thursday (Feb 8) that its investor Gazelle Ventures has agreed to provide additional funds into an escrow account to ensure sufficient working capital...
Gucci sales fall as weakness persists at Kering’s top label
GUCCI sales fell in the final months of last year as the Italian label owned by Kering struggled to lure more wealthy shoppers to its pricey Double G belts...
DoorDash aims to boost presence abroad while rivals struggle
DOORDASH, already the top restaurant delivery company in the US, is now looking to strengthen its presence abroad. The San Francisco-based company operates in 28 countries outside the US,...
US: Wall St opens flat with earnings, economic data in focus
WALL Street’s main indexes opened flat on Thursday (Feb 8) following earnings reports from Walt Disney and Spirit Airlines, while investors also assessed softer-than-expected jobs data and remarks from...
Pressure groups sue LME for allowing trade of ‘polluting’ Indonesian metal
TWO pressure groups have filed a legal action against the London Metal Exchange (LME) for allowing the sale on its platform of metal produced in Indonesia that they allege...
Siemens investors call for further unbundling of group
TWO of Siemens’s largest investors have called for the German engineering group to simplify its operations by cutting its investments at Siemens Energy and Siemens Healthineers. Union Investment, a...
Ralph Lauren rides on strong holiday demand, China rebound to post upbeat results
RALPH Lauren on Thursday (Feb 8) beat Wall Street expectations for revenue for the 12th straight quarter, powered by robust demand from wealthier US shoppers for its expensive sweaters...
