LiveOatly Lowers Full-Year Sales Outlook as Q3 Loss Increases
On Monday, Nasdaq-listed shares in the Swedish oat drink producer Oatly Group AB (NASDAQ: OTLY) dropped sharply in pre-market trading after the company sank to...
Category : BUSINESS
Indonesia October Trade Surplus Seen at $4.5 Billion on Weakening Global Trade
Indonesia’s trade surplus was noticed to narrow slightly in October to USD 4.5 billion amid a weakening in global trade and moderating commodity prices. Exports...
Gulf KFC Operator Seeks Up to $1.8 Billion in Saudi-UAE IPO
Saudi Arabian wealth fund and Dubai-based businessman Mohammad Alabbar is seeking to raise as much as $1.8 billion from a dual listing of the Middle...
Japan’s Biggest Bank Mitsubishi UFJ Posts 70.5% Decline in Q2 Profit
On Monday, Mitsubishi UFJ (NYSE:MUFG) Financial Group Inc, Japan’s largest bank by assets, reported a 70.5 per cent slump in Q2 net profit due to...
Oil Prices Drop $1 on China Covid Surge and Firmer Dollar
On Monday, oil prices dropped, dragged down by a firmer US dollar. Meanwhile, increasing COVID-19 cases in China dashed hopes of reopening the economy for...
Roche Shares Plunge On Failing Alzheimer’s Drug Trials
Roche Holding AG Participation (SIX:ROG) reported that its Alzheimer’s disease treatment could not stem a slide in patients’ cognitive abilities with an early form of...
Piramal, Bain-Promoted India Resurgence Fund Acquires Control in Impresario
India Resurgence Fund, an India-focused investment platform driven by Piramal Enterprises Limited and Bain Capital, announced an investment of Rs 550 crore in top food...
Open Gets RBI’s In-Principle Approval For Payment Aggregator Licence
Open, a new business-to-business banking platform, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license, the company...
Sembcorp to Acquire Vector Green Energy for Rs 2,780 Crore
Singapore-based Sembcorp Industries subsidiary Sembcorp Green Infra will buy Vector Green Energy for about Rs 2,780 crore (S$474 million), which will help it add 583...
UK GDP Dropped 0.2% in Q3 as Energy, Cost-of-Living Crises Bit
The UK economy plunged for the first time in six quarters in three months. As Europe’s energy crisis drove inflation to its highest in about...