The time may not be far off when more adults need diapers than babies as the population grows older, potentially a huge opportunity for manufacturers of incontinence products – if they can lift the stigma that has long constrained sales.
UBS is working with relevant authorities to address inappropriate spreads it may have charged wealthy clients whose money was booked in Hong Kong and Singapore in debt securities transactions, it said in its third-quarter report on Tuesday.
Renault Chairman Jean-Dominique Senard said on Tuesday that a possible deal with Italian carmaker Fiat was not on the table for now, although he did not rule out it being re-examined at some stage in the future.
Synthos, a chemical group owned by Poland’s richest man Michal Solowow, has agreed to work with GE Hitachi Nuclear Energy on developing technology for a small modular reactor (SMR), Hitachi said on Monday. Poland still generates most of its electricity from coal but more and more companies are exploring low-carbon options. “Utilizing small modular reactors to generate clean energy will improve our chances to move away from coal and have a positive impact on our industry and nation,” Solowow was quoted as saying. …read more […]
(Bloomberg) — Canadian Prime Minister Justin Trudeau won a second term in national elections, displaying once again a remarkable ability to overcome scandal and controversy to remain in power.Trudeau’s Liberal Party won or was leading in 156 of Canada’s 338 electoral districts, as of 1:33 a.m. Ottawa time, losing his majority in parliament and the popular vote, but gaining enough seats to secure a stable government with support from smaller parties. The most likely partner for Trudeau would be the pro-labor New Democratic Party, which is on track to win 24 seats, giving the two parties a combined 180.While his …read more […]
Swiss drugmaker Novartis on Tuesday boosted its full-year targets, with sales now expected to grow at a high single-digit percentage rate and core operating income now seen growing at a mid- to high-teen rate. The therapy’s regulatory review in Europe and Japan was delayed, with an anticipated decision in the first quarter of 2020 in Europe and an expected decision in Japan in the first half of 2020. …read more […]
Sunrise Communications Group called off a shareholders meeting set for Wednesday to approve a rights issue needed to complete its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s UPC business. Freenet, which is Sunrise’s biggest shareholder, and other investors had opposed the 2.8 billion franc rights issue, forcing Sunrise into the climbdown. It said it cancelled the extraordinary general meeting (EGM) with Liberty Global’s consent. …read more […]
Walmart Inc’s chief executive has written to Prime Minister Narendra Modi seeking certainty and predictability in India’s business environment, the Economic Times newspaper reported on Tuesday, citing people familiar with the matter.
Infosys shares dropped 13%, the most on the NSE Nifty, as country’s No. 2 software services firm received a complaint alleging “unethical practices” by Chief Executive Officer Salil Parekh. Indian financial markets were closed on Monday for elections in the western state of Maharashtra. The broader NSE Nifty was down 0.02% at 11,661.50 by 0426 GMT on Tuesday, while the benchmark BSE Sensex was 0.21% lower at 39,215.48. …read more […]
China will closely monitor the U.S. “entity list”, which has led to sanctions on a few Chinese tech firms, and take measures to safeguard its rights and interests, the Ministry of Industry and Information Technology (MIIT) said.
Asian shares made guarded gains on Tuesday amid optimism about prospects for a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit for Britain.
Infosys Ltd said on Tuesday it was investigating allegations of “unethical practices” by Chief Executive Officer Salil Parekh after receiving whistleblower complaints last month, sending its shares into a tailspin.
(Bloomberg) — Oil was steady as investors weighed expectations for swelling American crude stockpiles against signs of U.S.-China trade progress.Futures in New York and Brent crude in London were little changed after falling the past two days. U.S. crude inventories probably rose for a sixth time through the week ended Oct. 18, the longest run of gains in almost a year, according to a Bloomberg survey before government data on Wednesday. President Donald Trump said China has indicated talks on a trade deal are advancing, offering a glimmer of hope for global demand.Oil has slid from an April peak as …read more […]
Oil prices were little changed Tuesday as lingering worries over a global economic slowdown that could hurt oil demand offset some signs of progress in U.S.-China trade talks.
Bombardier on Monday unveiled its revamped Liberty Learjet 75 corporate plane, betting that extra legroom and a lower price tag would help the Canadian company beat back competition from Embraer SA’s market leading model.
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