Business - Page 106

On Friday, Wall Street’s major indexes experienced marginal gains as investors reflected on recent advances while Federal Reserve comments introduced uncertainty about potential interest rate cuts. Vice Chair for Supervision Michael Barr

Japanese conglomerate Panasonic Holdings (6752.T) announced its intention to divest a portion of its automotive systems business to funds managed by Apollo Global Management, a leading U.S. private equity firm. A memorandum

Alibaba Group’s market value plummeted by approximately $20 billion as it abandoned plans to spin off its cloud business, attributing the decision to uncertainties surrounding U.S. restrictions on chip exports for artificial

Aviva, the British insurance giant, has reported a robust 13% increase in its gross written premiums for general insurance during the first nine months of this year. The company has reaffirmed its

Commerzbank AG (CBKG.DE) announced on Wednesday that it has secured a cryptocurrency custody license in Germany. This milestone achievement will pave the way for the bank to introduce an extensive array of

On Thursday, Bitcoin underwent a notable downturn, experiencing a 4.94% decrease in value, ultimately settling at a price of $36,007 at 2117 GMT. This downward shift translated into a substantial loss of

Lenovo Group Ltd (0992.HK) reported a 16% decrease in revenue for the third quarter, in line with market expectations, as the supply of personal computers (PCs) continued to outpace demand. The company’s

Dutch insurer Aegon (AEGN.AS) has significantly raised its annual capital generation forecast following a strong third-quarter performance, primarily driven by its robust presence in the key U.S. market. Aegon’s strategic efforts to

Demand for the 20% stake in Greece’s National Bank (NBG), held by the country’s bank bailout fund, saw an overwhelming response on the first day of the book-building process, covering the offering