In a significant shareholder vote on Saturday, Mediobanca Chief Executive Alberto Nagel successfully secured a new three-year mandate, reaffirming his position despite opposition from the bank’s largest investor. Nagel, who has been
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On Friday, global markets experienced mixed results, while benchmark bond yields remained stable. This followed a U.S. core inflation report that indicated a continued easing of price pressures. According to the report,
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Britain’s FTSE 100 index experienced a rise on Friday, driven by gains in commodity-related stocks, although banking shares struggled following NatWest’s downgrade in profit outlook. Despite this, the benchmark index was on
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Italian energy giant Eni (ENI.MI) announced an optimistic outlook for its full-year earnings before interest and taxes (EBIT) and cash flow, accompanied by an accelerated share buyback program. This news came on
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German Chancellor Olaf Scholz has emphasized the significance of Siemens Energy, labeling it a “very important” company during a period of intense talks regarding state guarantees. The economy ministry has also confirmed
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Newmont (NEM.N) reported third-quarter earnings below Wall Street expectations due to production challenges stemming from a labor strike at its Penasquito mine in Mexico. The world’s largest gold miner had to suspend
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United Parcel Service (UPS) has revised its 2023 revenue forecast downwards for the second consecutive quarter due to a continued softening in delivery demand in the lead-up to the crucial holiday season.
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BP’s electric vehicle (EV) charger division, BP Pulse, is set to invest $100 million in Tesla’s ultra-fast chargers for deployment in the United States, marking the first instance of Tesla chargers being
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Covestro, the renowned plastics and chemicals manufacturer based in Germany, has made a surprising announcement regarding its share buyback program. The company, currently engaged in discussions with the Abu Dhabi National Oil
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3M Co (MMM.N) has bolstered its full-year adjusted profit outlook and posted robust quarterly earnings, as the diverse manufacturing giant adeptly navigated sluggish demand through strategic price hikes and cost-cutting measures. Consequently,
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