By Niket Nishant, Noor Zainab Hussain and Saeed Azhar (Reuters) -Goldman Sachs Group Inc unveiled a plan to reorganize its business into three units in its biggest overhaul since 2020, as the Wall Street giant reported a smaller-than-expected 44% slump in third-quarter profit on Tuesday. The bank will now have three operating segments – asset…
PARIS (AP) — Tens of thousands of French workers took to the streets Tuesday across the country, striking for pay hikes that keep up with rising inflation. The industrial action came after weeks of walkouts that have hobbled French oil refineries and sparked gasoline shortages around the country. “It’s time to go back to work,”…
(Reuters) -Goldman Sachs Group Inc said on Tuesday it was reorganizing its business into three units, as the Wall Street giant undertakes another overhaul in less than three years, while also reporting a drop in third-quarter profit. The bank will now have three operating segments – asset and wealth management, global banking and markets and…
Johnson & Johnson topped third-quarter expectations thanks to pharmaceutical sales growth, but a strong dollar made the health care giant tread cautiously again with its outlook. J&J on Tuesday narrowed its 2022 forecast and stuck to the midpoint of its previous range after lowering expectations earlier this year due to the impact of currency exchanges….
(Reuters) -Toymaker Hasbro Inc reported a 28% fall in third-quarter earnings on Tuesday as inflation-hit consumers were further discouraged by price hikes. Earlier in October, Hasbro cut its fiscal 2022 sales forecast, citing a stronger dollar and a slowdown in demand. The company also said it was trimming its product lines. “As expected, the third…
BERLIN (AP) — Senior members of Germany’s environmentalist Greens party indicated Tuesday that they would accept Chancellor Olaf Scholz’s decision to extend the lifetime of the country’s three remaining nuclear plants for a few months. The reactors were long scheduled to be switched off at the end of the year, but Economy Minister Robert Habeck…
FRANKFURT, Germany (AP) — Europe is leading the push into battery-powered cars as electric vehicles enter the mainstream — even as the industry faces challenges including supply shortages, a spotty charging network and a looming recession. The electric-as-routine approach is on display this week at a slimmed-down Paris auto show as carmakers show off models…
BERLIN (AP) — German Chancellor Olaf Scholz has ordered preparations for all of the country’s three remaining nuclear reactors to continue operating until mid-April. The move marks another hiccup in the country’s long-running plan to end the use of atomic energy. Here is a look at Germany’s politically charged debate on nuclear power. COLD WAR…
By Selena Li HONG KONG (Reuters) – BNP Paribas has received Chinese regulatory approval to start building an asset management venture with Agricultural Bank of China (AgBank), the two companies said, allowing the French firm to tap a $4 trillion market. The China Banking and Insurance Regulatory Commission (CBIRC) has granted initial approval to allow…
LONDON (Reuters) – The Bank of England said on Tuesday that a report in the Financial Times about a new delay to the start of its sales of government bonds was inaccurate. “This morning’s FT report that the BoE has decided to delay MPC gilt sales (‘QT’) is inaccurate,” a spokesperson for the central bank…
