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    Credit Suisse investment bank set for Archegos aftershocks

    By Brenna Hughes Neghaiwi, Oliver Hirt and Pamela Barbaglia ZURICH (Reuters) – When Credit Suisse (SIX:CSGN) reports earnings on Thursday, investors will get an insight into how aftershocks from the Archegos and Greensill scandals are being felt across its investment bank just as its rivals are flourishing. Credit Suisse’s flagship wealth business is expected to… More

  • bayer-stock-slumps-after-explosion-at-chemcial-plant-in-leverkusen
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    Bayer Stock Slumps After Explosion at Chemcial Plant in Leverkusen

    By Geoffrey Smith  Investing.com — Bayer (OTC:BAYRY) stock slumped to the bottom of the German DAX index by mid-morning in Europe, after an explosion at a chemicals plant in its home town of Leverkusen in western Germany. By 4:55 AM ET (0855 GMT), Bayer shares in Frankfurt were down 2.3%, the worst performer in the… More

  • one-for-the-road:-glenfiddich-uses-whisky-waste-to-fuel-trucks
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    One for the road: Glenfiddich uses whisky waste to fuel trucks

    By Nick Carey LONDON (Reuters) – Scotch whisky maker Glenfiddich has begun converting its delivery trucks to run on low-emission biogas made from waste products from its own whisky distilling process as part of a “closed loop” sustainability initiative, it said on Tuesday. Glenfiddich said it has installed fueling stations at its Dufftown distillery in… More

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    Suzuki and Daihatsu join Toyota electric vehicle venture

    TOKYO (Reuters) -Suzuki Motor Corp and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor (NYSE:TM) Corp, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars. The two automakers will each acquire a 10% stake in the joint venture, on par with Isuzu Motors… More

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    UK’s Next lifts profit forecast as summer sales surge

    By Paul Sandle LONDON (Reuters) -British fashion retailer Next lifted its profit forecast on Wednesday after pent-up demand for adult clothes and warm weather helped it smash sales forecasts for the last 11 weeks. The mainstay of Britain’s shopping streets said full-price sales jumped 19% over the 11 weeks compared with the same period two… More

  • volvo-cars-to-buy-parent-geely-holding’s-stake-in-china-jvs
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    Volvo Cars to buy parent Geely Holding’s stake in China JVs

    STOCKHOLM (Reuters) -Sweden’s Volvo Car Group said on Wednesday it had struck a deal to buy out parent company Geely Holding from their joint ventures in China, aiming to take full ownership of its factories and sales business in the world’s biggest auto market. Under the deal, whose financial details were not disclosed, Volvo will… More

  • malaysia’s-$1.8-billion-mega-project-with-china-railway-falls-through
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    Malaysia’s $1.8 billion mega project with China Railway falls through

    KUALA LUMPUR (Reuters) – An equity deal for a planned mega project near Malaysia’s capital involving the government, developer Iskandar Waterfront Holdings (IWH) and its Chinese partner will not proceed by mutual agreement, the parties said in a joint statement. The agreement on a 7.41 billion ringgit ($1.77 billion)acquisition for 60% equity in the Bandar… More

  • better-cannabis-stock:-hexo-vs.-organigram
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    Better Cannabis Stock: HEXO vs. OrganiGram

    The cannabis industry is expected to see impressive growth in the next 5 years. With that in mind, which cannabis stock, HEXO Corp. (NYSE:HEXO) or OrganiGram Holdings Inc. (NASDAQ:OGI), is currently the better buy?.According to Mordor Intelligence, the cannabis market is expected to grow at a CAGR rate of 18.1% between 2021 and 2026. This… More

  • exxon-hiring-more-temporary-workers-as-texas-refinery-lockout-continues
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    Exxon hiring more temporary workers as Texas refinery lockout continues

    HOUSTON (Reuters) – Exxon Mobil Corp (NYSE:XOM) said on Wednesday it will begin hiring additional temporary operators of its Beaumont, Texas refinery as a lock out of 650 union-represented workers runs into its 11th week. Exxon said it took the decision to hire the new workers after four meetings with the United Steelworkers (USW) union… More

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    Capital International purchased $600M in MicroStrategy stock

    MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million. Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock.In MicroStrategy’s filings to the U.S. Securities and Exchange Commission, or SEC, for the… More

  • china’s-corporate-bond-defaults-touch-a-record-high
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    China’s corporate bond defaults touch a record high

    By Patturaja Murugaboopathy and Andrew Galbraith (Reuters) – China’s corporate bond defaults have hit a record high this year, highlighting tightening credit conditions and a growing reluctance by regional governments to bail out troubled state-owned firms. Chinese companies’ bond defaults amounted to 62.59 billion yuan ($9.67 billion) in the first half of the 2021, the… More

  • exclusive:-us.-set-to-add-more-chinese-companies-to-blacklist-over-xinjiang
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    Exclusive: U.S. set to add more Chinese companies to blacklist over Xinjiang

    By Humeyra Pamuk and David Shepardson WASHINGTON (Reuters) – The Biden administration is set as early as Friday to add more than 10 Chinese companies to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang, two sources told Reuters. The U.S. Commerce Department action will follow its announcement last month adding… More

  • top-investor-in-australia’s-myer-kicks-off-board-reshuffle-talks-with-shareholders
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    Top investor in Australia’s Myer kicks off board reshuffle talks with shareholders

    (Reuters) -Myer Holdings’ top shareholder Premier Investments said on Friday it has begun talks with fellow shareholders to revamp the company’s board, after raising its stake in the high-street retailer. Premier reaffirmed its demand that the Myer’s entire board should resign immediately, sparing the chief executive John King. “Any other action would be futile, and… More

  • syngenta’s-$10-billion-shanghai-ipo-to-fund-growth-and-acquisitions
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    Syngenta’s $10 billion Shanghai IPO to fund growth and acquisitions

    By Meg Shen and John Revill HONG KONG/ZURICH (Reuters) -Syngenta Group will use the proceeds from its expected $10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company’s prospectus to list… More

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