newszine

Volkswagen denies plans for sale or stock listing for Lamborghini

9 hours ago NAMEX Comments Off on Volkswagen denies plans for sale or stock listing for Lamborghini
(Adds denial from Volkswagen) FRANKFURT, Oct 13 (Reuters) – Volkswagen on Sunday said that it has no plans for a sale or an initial public offering of luxury brand Lamborghini, after Bloomberg reported that it was considering shedding the unit. Bloomberg reported here on Friday that Volkswagen was readying to fold Lamborghini into a separate Read More

SAP reverts to co-CEOs after showman McDermott’s decade of growth

3 days ago NAMEX Comments Off on SAP reverts to co-CEOs after showman McDermott’s decade of growth
BERLIN (Reuters) – Bill McDermott stood down on Friday after a decade building up SAP (SAPG.DE) as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. FILE PHOTO: SAP Chief Executive Officer Bill McDermott attends the company’s annual general meeting Read More

SAP reverts to co-CEOs after showman McDermott’s decade of growth

3 days ago NAMEX Comments Off on SAP reverts to co-CEOs after showman McDermott’s decade of growth
BERLIN (Reuters) – Bill McDermott stood down on Friday after a decade building up SAP (SAPG.DE) as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. FILE PHOTO: SAP Chief Executive Officer Bill McDermott attends the company’s annual general meeting Read More

Morning News Call – India, October 9

5 days ago NAMEX Comments Off on Morning News Call – India, October 9
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT - EQUITIES FOCUS Reuters stocks correspondents in London and New York discuss the upcoming corporate results season Read More

Mubadala weighing investment in second SoftBank tech fund: executive

5 days ago NAMEX Comments Off on Mubadala weighing investment in second SoftBank tech fund: executive
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo LONDON (Reuters) – Abu Dhabi state fund Mubadala Investment Co has not yet decided whether to invest in SoftBank’s second large-scale tech investment fund, one of its top executives said Read More

Wirecard raises long-term growth targets; analysts unconvinced

5 days ago NAMEX Comments Off on Wirecard raises long-term growth targets; analysts unconvinced
BERLIN (Reuters) – German payments group Wirecard raised its long-term outlook on Tuesday, but the company’s shares fell as analysts questioned the ability of any tech company to give a precise forecast for its business in five years’ time. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions Read More

Index funds invest trillions but rarely challenge management

5 days ago NAMEX Comments Off on Index funds invest trillions but rarely challenge management
(Reuters) – Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. FILE PHOTO: Blackrock’s Richard Prager rings the opening bell above the floor of the New York Stock Exchange (NYSE) Read More

Biggest U.S. index funds oppose most climate proposals in shareholder votes

5 days ago NAMEX Comments Off on Biggest U.S. index funds oppose most climate proposals in shareholder votes
(Reuters) – The far-reaching impacts of climate change on companies have investors pressing corporate leaders for action to minimize environmental damage and to maximize disclosure of risks to their businesses. The threats range from more frequent floods or wildfires that imperil major assets to regulations that could undermine profits. FILE PHOTO: A road submerged in Read More

GLOBAL MARKETS-China joins Asian shares in cautious advance ahead of trade talks

6 days ago NAMEX Comments Off on GLOBAL MARKETS-China joins Asian shares in cautious advance ahead of trade talks
TOKYO (Reuters) – Asian shares inched up on Tuesday, with Chinese shares making modest gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick trade deal was unlikely. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage Read More

U.S.-China deputy-level trade talks get underway in tense atmosphere

6 days ago NAMEX Comments Off on U.S.-China deputy-level trade talks get underway in tense atmosphere
WASHINGTON (Reuters) – U.S. and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations’ 15-month trade war, with neither side showing any signs of giving ground. About 30 Chinese officials, led by Vice Finance Minister Liao Min, entered the U.S. Trade Representative’s office for two days Read More