Weakening the independence of regulators would undermine reforms to bolster Britain's finance industry, the head of the Bank of England said on Thursday, in a rebuff to proposals from the…
Category: Business
Global container fleet to grow more than demand
Global growth in container fleets through new orders and building activity will outstrip shipping demand from next year and ease current market tightness, the chief executive of Hapag-Lloyd (HLAG.DE) said…
Thyssenkrupp’s Q3 operating profit nearly triples on steel price rebound
Thyssenkrupp's third-quarter operating profit nearly tripled on the back of higher steel prices, the German conglomerate said on Thursday, but it added that it faced headwinds from high raw material…
K+S expects high potash prices to offset gas shortage hit, maintains outlook
Potash and salt miner K+S (SDFGn.DE) reiterated its full-year profit guidance on Thursday, as it expects higher fertiliser prices to offset the impact of a potential gas shortage in Germany.…
China’s Didi EV joint venture with Li Auto applies for bankruptcy
Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles…
Siemens’ posts first quarterly loss in 12 years after writedowns hit Q3
Siemens (SIEGn.DE) said on Thursday it continued to see strong industrial demand during its third quarter, as costs related to its Siemens Energy investment and decision to quit Russia pushed…
Is Netflix envy over in Hollywood? Not quite
Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co (DIS.N) restored hopes that growth in the streaming business will continue. But Disney, which…