Two investors opposed to debt plan call for Orpea shareholder meeting
Two shareholders that together own more than 5% of France’s Orpea (ORP.PA) have called for a shareholder meeting at the beleaguered care homes group as they try to rally opposition to its planned debt restructuring plan.
Sony hikes FY profit forecast by 4.5% on foreign exchange boost
Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16 trillion yen ($7.84 billion) as the boost from foreign exchange fluctuations at units including the music business offset gaming weakness.
India’s first fully solar village lights up the lives of poor residents
These days, Prajapati, 68, from the village of Modhera in western India’s Gujarat state, has doubled the amount of earthenware he makes compared to a few months ago since he no longer has to turn the wheel manually as he could not then afford high electricity bill that were up to 1,500 Indian rupees ($18.19) a month.
Saudi Aramco joins oil results bonanza with 39% jump in net income
Saudi Arabian state oil producer Aramco beat forecasts on Tuesday with a 39% jump in third-quarter net income and reported record free cash flows, joining rivals in benefiting from higher prices and robust demand.
European stocks hit six-week high, investors focus on Fed
European stocks rose in early trading on Tuesday, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles.
Exclusive: Tesla plans mass production start for Cybertruck at end of 2023
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters.
Blackstone to buy majority stake in Emerson’s climate tech unit in $14 bln deal
Emerson Electric Co will sell a majority stake in its climate technologies unit to Blackstone Inc in a deal that values it at $14 billion, the latest revamp by the U.S. industrial firm as it focuses on the booming automation market.
Exclusive: KKR raises $6 billion for biggest Asia infrastructure fund
KKR & Co Inc has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region, two sources familiar with the matter told Reuters.
NatWest shares plunge after warning on rising costs
NatWest’s shares fell as much as 9% on Friday after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK economic outlook that prompted an increase in bad debt provisions.
UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly, as markets calm since Liz Truss’s government collapsed and Rishi Sunak took power.
