Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

[1/2]The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights TORONTO, Oct 19 (Reuters) – Japan’s JFE Steel Corp is in talks to buy a stake in … Read more

Germany’s Birkenstock set for US listing after $1.5 bln IPO

Germany’s Birkenstock set for US listing after $1.5 bln IPO

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Oct 11 (Reuters) – LVMH-backed Birkenstock (BIRK.N) was set to list its shares on the New York Stock Exchange on Wednesday after the German luxury sandal maker notched a … Read more

LVMH sales growth loses fizz as post-pandemic splurge wanes

LVMH sales growth loses fizz as post-pandemic splurge wanes

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing Rights PARIS, Oct 10 (Reuters) – Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due … Read more

Europe’s Luxury stocks at risk of going out of style

Europe’s Luxury stocks at risk of going out of style

[1/3]A Louis Vuitton logo is seen outside a store on the Champs-Elysees avenue in Paris, France, June 27, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing Rights LONDON/PARIS, Oct 9 (Reuters) – Europe’s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese … Read more

Britain proposes ban on cigarettes for younger generations

Britain proposes ban on cigarettes for younger generations

UK plan could phase out smoking among young people by 2040 Academics and campaigners welcome the move Changes could hurt major tobacco companies, shares fall Tobacco industry warns of unintended consequences MANCHESTER, England, Oct 4 (Reuters) – Britain’s government on Wednesday proposed banning younger generations from ever buying cigarettes, a move that would give the … Read more

Vietnam’s Masan secures $200 mln investment from Bain Capital

Vietnam’s Masan secures $200 mln investment from Bain Capital

Logo of the Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights HANOI, Oct 2 (Reuters) – Vietnamese conglomerate Masan Group (MSN.HM) has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that … Read more

Wall Street gyrates after Fed keeps rates steady, warns of higher for longer

Wall Street gyrates after Fed keeps rates steady, warns of higher for longer

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Fed sees 25 bp hike this year, 50 bp cuts in 2024 Fed’s projections see inflation approaching goal at end of 2025 Klaviyo jumps in debut Indexes: Dow up … Read more

Ukraine says it will sue Poland, Hungary and Slovakia over food import bans

Ukraine says it will sue Poland, Hungary and Slovakia over food import bans

KYIV, Sept 18 (Reuters) – Ukraine plans to sue Poland, Hungary and Slovakia in the World Trade Organization over bans on Ukrainian agricultural products, Ukrainian officials said on Monday. The appeal could be sent “in the near future”, a senior official said, and followed a decision by the three countries bordering Ukraine to ban imports … Read more

Poland, Hungary, Slovakia to continue own bans on Ukraine grains

Poland, Hungary, Slovakia to continue own bans on Ukraine grains

[1/2]A view of the cereal terminal with grain silo in the Black Sea port of Constanta, Romania, May 11, 2022. REUTERS/Anca Cernat/File Photo Acquire Licensing Rights European Commission decides not to extend ban Five nations were allowed to ban sales of Ukraine grains BRUSSELS/WARSAW, Sept 15 (Reuters) – Poland, Slovakia and Hungary will impose their … Read more

Sand dredging is ‘sterilizing’ ocean floor, UN warns

Sand dredging is ‘sterilizing’ ocean floor, UN warns

GENEVA, Sept 5 (Reuters) – Around 6 billion tons of marine sand is being dug up each year in a growing practice that a U.N. agency said is unsustainable and can wipe out local marine life irreversibly. Sand is the most exploited natural resource in the world after water but its extraction for use in … Read more