Wednesday 29 June 2022

Czech firm PPF aims to exit China, wants partners for Europe acquisitions

Czech firm PPF aims to exit China, wants partners for Europe acquisitions

Czech investment group PPF, controlled by the wife of billionaire founder Petr Kellner who died last year, aims to divest its once flagship consumer lending business in China and focus acquisitions on Europe, Chief Executive Jiri Smejc said.

Futures edge lower as Fed hawks push for faster rate hikes

U.S. stock index futures dipped on Wednesday after several Federal Reserve policymakers made the case for faster interest rate hikes to bring down high inflation.

Siemens Healthineers to hold on to ultrasound division - CFO

U.S.-German medical device maker Siemens Healthineers plans to keep its ultrasound equipment business and is in fact investing in it, said the company's chief financial officer.

Bed Bath & Beyond replaces CEO as sales slump

Bed Bath & Beyond Inc Chief Executive Mark Tritton has stepped down as part of a management shake-up, which the home goods retailer said on Wednesday was needed to reverse several quarters of weak sales.

China to extend tariff exemptions on some U.S. products

China will extend tariff exemptions on some imported products from the United States until Feb. 15 next year, the finance ministry said on Wednesday.

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JD.com to issue shares worth $220 mln to Tencent for WeChat access

China's JD.Com Inc said on Wednesday it would issue shares worth $220 million to investor Tencent Holdings Inc over a three-year period to access certain services on the latter's WeChat platform.

Cheerios maker General Mills profit forecast disappoints as costs rise

General Mills Inc on Wednesday forecast earnings below estimates for the year, as the Cheerios cereal maker wrestles with higher costs and inflation-hit Americans opt for cheaper brands.

Boycott Nation: How Americans are boycotting companies now

If you are having trouble keeping track of all the consumer boycotts swirling around, you are not alone.

EV battery output bigger challenge than EU combustion engine ban, says VW

The EU deal to phase out combustion engine cars in just over 12 years is challenging, but an more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday.

Takeaway says it has not changed Grubhub plan -statement

Just Eat Takeaway , Europe's largest meals delivery company, said on Wednesday it has not changed its stance on its U.S. Grubhub operations.

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