Business - Page 169

Chinese fast-fashion retailer Shein has made its first British brand acquisition, purchasing Missguided from Frasers, the e-commerce giant founded by Mike Ashley. Under the terms of the deal, Shein will acquire Missguided’s

HSBC, Europe’s largest bank, anticipates a brighter future for China’s commercial real estate market despite a $500 million charge from the sector impacting its third-quarter profits. Although the bank reported profits more

European shares kicked off the week on a strong note, driven by a decline in bond yields. Investors were closely monitoring crucial inflation data while Siemens Energy shares continued to recover amid

JPMorgan’s strategists have recently offered a noteworthy financial recommendation in a note released on Monday. Their strategic advice revolves around the European banking sector, which they have suggested taking a ‘short’ position

Duke Energy (DUK.N) announced its plans on Friday to embark on an innovative venture aimed at harnessing clean energy in Florida through an all-encompassing approach encompassing production, storage, and utilization of 100%

Morgan Stanley (MS.N) has disclosed that its incoming CEO, Ted Pick, along with two other top executives, Andy Saperstein and Dan Simkowitz, who were contenders for the CEO position, will receive one-time

JPMorgan Chase’s Chief Executive Officer, Jamie Dimon, has made a significant announcement that he intends to sell a portion of his shares in the bank in the coming year. This move marks

Elon Musk’s rebranded social media platform, X, formerly known as Twitter, unveiled a pair of fresh subscription plans last Friday. These options mark a significant move to monetize the platform, which Musk

The United Auto Workers (UAW) escalated its strike against General Motors (GM.N) by including the Spring Hill, Tennessee, engine plant, potentially disrupting GM’s pickup production and exacerbating its financial woes. This extension

Swiss National Bank’s Vice-Chairman, Martin Schlegel, has indicated that the institution might consider further tightening its monetary policy in response to the evolving inflation situation in Switzerland. In an interview with the