TOKYO (Reuters) – Japan’s manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on the world’s third-largest economy. Activity in the services sector shrank at the fastest rate since May 2020 as demand weakened after the country saw…
STORY_NUMBER: L1N2UF04D STORY_DATE: 20/02/2022 STORY_TIME: 2300 GMT (Editor Neil Fullick)
(Reuters) -McDonald’s Corp on Sunday said Carl Icahn has nominated two members to its board of directors in an escalating fight over the treatment of pigs by the burger chain’s suppliers. The billionaire activist investor, who stated that he holds 200 shares in the company, nominated Leslie Samuelrich and Maisie Ganzler to stand for election…
(Reuters) -McDonald’s Corp on Sunday said Carl Icahn has nominated two members to the board of the burger chain. The billionaire activist investor, who stated that he holds 200 shares in the company, nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 annual meeting, the company said in a statement, adding…
(Reuters) – McDonald’s Corp said on Sunday Carl Icahn has nominated two members to the board of the burger chain. The activist investor nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 annual meeting, the company said in a statement. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Lisa Shumaker)
VIENNA (Reuters) – Credit Suisse said on Sunday it “strongly rejects” allegations of wrongdoing after dozens of media published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held there in previous decades. One person leaked the information on the accounts ranging from the 1940s to the 2010s to…
MILAN (Reuters) – Italy’s former phone monopoly Telecom Italia on Sunday dismissed as “unfounded and harmful for the group” a newspaper report concerning financial targets in a plan new Chief Executive Pietro Labriola is working on. A report in daily Il Messaggero said Labriola would set very conservative targets, pointing to a decline in revenues…
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry: higher oil prices. U.S. crude prices stand at around $91 a barrel after surging some 40% since Dec. 1 and earlier this week touched their highest…
By Shilpa Jamkhandikar MUMBAI (Reuters) – Amazon’s rivalry in India with oil-to-retail conglomerate Reliance Industries looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India’s premier cricket league with its hundreds of millions of viewers. Amazon.com Inc and Reliance Industries Ltd are expected to take…
LONDON (Reuters) – Britain has an issue with Russian money funnelling through the City of London and it must be dealt with, Prime Minister Boris Johnson said on Sunday. Johnson has threatened to impose harsh sanctions on Russia if it invades Ukraine, with Russian companies blocked from raising capital on financial markets, and the ownership…
