Spain’s Acerinox tops profit forecast on U.S. demand
By Matteo Allievi and Natalia Siniawski (Reuters) – Spanish steelmaker Acerinox beat first quarter net profit expectations on Thursday, driven…
Economy
Pernod Ricard upbeat on Q4 as consumer demand recovers in China
By Dominique Vidalon PARIS (Reuters) – French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said…
Avolon agrees $4 billion deal with Boeing for 40 737 MAX jets
By Padraic Halpin DUBLIN (Reuters) -Global leasing giant Avolon said on Thursday it had committed to ordering 40 Boeing 737…
Jobless young Chinese seek solace in temples, tale of failed scholar
By Laurie Chen and Sophie Yu BEIJING (Reuters) – Queues stretch hundreds of metres around temples in China on weekends,…
Deutsche Bank to cut 800 jobs after strong first quarter
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank is to cut 800 jobs in a new cost-saving…
Allegations against former Barclays CEO Staley ‘very serious’ – CEO
By Lawrence White LONDON (Reuters) – Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with…
UAE and Cambodia agree terms for bilateral trade deal
DUBAI (Reuters) – The United Arab Emirates (UAE) and Cambodia have agreed on the terms of a bilateral trade deal,…
Volvo Cars sees no need to cut prices as demand is healthy
By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reaffirmed its outlook on Thursday and said it saw no point…
Cornetto maker Unilever’s ice cream sales melt amid private label shift
By Richa Naidu LONDON (Reuters) – Unilever’s store ice cream brands, which include Ben & Jerry’s and Magnum, are losing…
Chinese spirit maker ZJLD drops 18% in Hong Kong debut, dimming IPO outlook
By Scott Murdoch and Donny Kwok (Reuters) -Chinese spirit maker ZJLD Group’s shares ended down 18% on their first day…