By Granth Vanaik (Reuters) - General Mills topped first-quarter sales and profit estimates on Wednesday, as higher prices for its breakfast cereals, snack bars and pet food products helped offset slowing demand. Shares rose about 1% in early trading after…
MILAN (Reuters) - The surprise bank tax Italy's government introduced in August has no major impact on UniCredit's earnings, but the uncertainty it stoked is damaging, Chief Executive Andrea Orcel said on Wednesday. Addressing a financial conference, Orcel also said…
By Alex Lawler LONDON (Reuters) - Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined the value…
BEIJING (Reuters) - China opposes discriminatory practices by the United States against Chinese companies, the foreign ministry said on Wednesday, after the U.S. commerce department said an advanced phone chip made by Huawei may violate trade restrictions. Smartphone manufacturer Huawei…
By Sourasis Bose (Reuters) - Square, a unit of fintech company Block Inc, said on Wednesday it would enter the Canadian cannabis market through a partnership with e-commerce platform Jane Technologies. The payments processing firm — founded by Jack Dorsey,…
By Saeed Azhar NEW YORK (Reuters) - Goldman Sachs' asset management arm said two funds have closed, raising more than $15 billion for funds that enable investors to make secondary investments in existing private equity (PE) deals. Goldman Sachs Asset…
JOHANNESBURG (Reuters) - South African retail sales fell 1.8% year on year in July after declining by a revised 1.8% in June, Statistics South Africa figures showed on Wednesday. Retail sales in July were unchanged month-on-month. Sales in the three…
LONDON (Reuters) - The British arms of Volkswagen and Stellantis called for clarity on regulation after reports that Britain was planning to delay a 2030 ban on new petrol and diesel car sales. "We urgently need a clear and reliable…
By Niket Nishant and Noel Randewich (Reuters) -Instacart's shares ended up 12% in their Nasdaq debut on Tuesday, failing to hold onto an intraday gain of as much as 43%, days after SoftBank's Arm Holdings debuted on Wall Street with…
By Bansari Mayur Kamdar (Reuters) - Subversive Capital Advisor launched its sixth exchange-traded fund – Subversive Cannabis ETF - on Tuesday, just as recent U.S. moves to ease curbs sparked a rally in pot stocks. Shares of marijuana companies have…
