(IN BRIEF) Will Semiconductor Co., Ltd., a Chinese company, has successfully listed its Global Depository Receipts (GDRs) on the SIX Swiss Exchange. The offering involved 31,000,000 GDRs at an offer price of USD 14.35 per GDR, with each GDR representing … Read the full press release
Posted in Business, Economy, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged CHINA, Financial, GDRs, investment, SIX Swiss Exchange, Will Semiconductor
(IN BRIEF) MOL Group has announced its financial results for Q3 2023, reporting a clean CCS EBITDA of USD 976 million, a 33% decrease compared to the same period last year. Windfall taxes in the CEE region significantly impacted results, … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Hungary, Industrial, Investment, Management, News
Tagged 2023 Financial Results, Financial, investment, MOL Group, Zsolt Hernádi
(IN BRIEF) Proterra Inc. and Proterra Operating Company Inc. have initiated a voluntary Chapter 11 bankruptcy process in the United States, and Volvo Group has emerged as the winning bidder in an auction to acquire the assets of the Proterra … Read the full press release
Posted in Automotive, Business, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Sweden, Technology
Tagged acquisition, Battery-Electric Business, California, Chapter 11 Bankruptcy Auction, Financial, investment, partnership, Proterra Inc., Proterra Operating Company, Volvo Group
(IN BRIEF) Ericsson has received funding from Germany’s Economic Affairs and Climate Action Ministry to support its KeeCEK (Small efficient effective Cloud Edge Nodes) project, part of the Important Project of Common European Interest on Next Generation Cloud Infrastructure and … Read the full press release
Posted in Business, European Union, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged Cloud, David Bjore, Edge Infrastructure, Ericsson, EU, Financial, INNOVATION, IPCEI-CIS, KeeCEK project, partnership
(IN BRIEF) Bertelsmann, the multinational media conglomerate, has announced a 1.9 percent increase in group revenues, reaching €14.6 billion, with organic growth at 0.8 percent. This growth is attributed to successful contributions from various divisions, including Penguin Random House, BMG, … Read the full press release
Posted in Business, Economy, Entertainment, Environment, Financial, Germany, Industrial, Investment, Management, Media, News
Tagged Bertelsmann, Financial, investment, Investment Plans, Rolf Hellermann, Thomas Rabe
(IN BRIEF) ING has announced that it repurchased 3,881,120 shares on November 3, 2023, marking the end of the first week of its €2.5 billion share buyback program, which was unveiled on November 2, 2023. These shares were acquired at … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged buyback program, Financial, ING, investment, shares
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Americas, economy, European market, Financial, Heikki Malinen, investment, Outokumpu, partnership, Pia Aaltonen-Forsell, sustainability
(IN BRIEF) The Lenzing Group, a global supplier of specialty fibers for textiles and nonwovens, has reported its Q3 2023 results, reflecting ongoing challenges in the market. The company’s revenue for the first three quarters of the year decreased by … Read the full press release
Posted in Apparel, Fashion & Beauty, Austria, Business, Economy, Financial, Industrial, Investment, Management, News
Tagged Financial, investment, Lenzing Group, Nico Reiner, Stephan Sielaff
(IN BRIEF) Swiss Re, a global reinsurance company, has announced strong financial results for the first nine months of 2023, posting a net income of USD 2.5 billion. In the third quarter alone, the company recorded a profit of USD … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, earnings, Financial, investment, John Dacey, Swiss Re
(IN BRIEF) In the third quarter of 2023, global shipping and logistics giant Maersk reported financial results that mirrored expectations but reflected the harsh realities of a challenging market environment. With revenues of USD 12.1 billion, down significantly from the … Read the full press release
Posted in Business, Denmark, Economy, Financial, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, Maersk, Vincent Clerc
(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release
Posted in Banks, Bulgaria, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Bulgaria, Bulgarian Development Bank (BDB), economy, European Investment Bank, Financial, Fund Manager of Financial Instruments in Bulgaria (FMFIB), Kyriacos Kakouris, Milena Stoycheva, partnership, sustainability
(IN BRIEF) The Board of Management of Deutsche Telekom has announced its plans for shareholder remuneration in the upcoming year. The company intends to increase the dividend for the 2023 financial year to €0.77 per dividend-bearing share, up from €0.70 … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Telecom
Tagged Andreas Leigers, Deutsche Telekom, Financial, investment, Share Buyback 2024, Tim Höttges
(IN BRIEF) Heidelberg Materials, a global leader in building materials, has reported a 6.0% increase in revenue to €16,083 million for the first nine months of 2023, despite a decline in sales volumes due to a global economic downturn. The … Read the full press release
(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, David Newns, Financial, Helvetia Phase III, Hypothekarbank Lenzburg, Jos Dijsselhof, partnership, SDX, sustainability, Swiss Financial Institutions, Swiss National Bank (SNB), Tokenized Central Bank Money SIX, UBS, Zürcher Kantonalbank
(IN BRIEF) In the third quarter of 2023, ANDRITZ, an international technology group, achieved substantial growth in revenue, earnings, and net income compared to the previous year. While the total order intake declined due to the absence of a large … Read the full press release
Posted in Austria, Business, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, Financial, GREEN HYDROGEN, investment, Joachim Schönbeck, partnership, sustainability
(IN BRIEF) The Buxton Climate Change Impacts Lab, celebrating its 30th anniversary, is at risk of closure due to a funding shortfall. This unique experiment, investigating climate change’s effects on grasslands, plays a vital role in understanding and mitigating climate … Read the full press release
(IN BRIEF) Global listed real estate has experienced a significant correction, with a 25% drop in EUR terms since the beginning of 2022, leading to property companies trading at a 20% discount to their net asset value (NAV). In Europe, … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Norway, Real Estate
Tagged Bargain Valuations, Economic Outlook, Financial, investment, real estate, SKAGEN
(IN BRIEF) Barclays has introduced the Demo Directory, a novel online platform that allows UK businesses to connect with potential investors, regardless of their banking affiliation. This free service aims to simplify and expedite access to capital, offering opportunities for … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Internet & Online, Investment, Management, News, Technology, United Kingdom
Tagged Anthony Newman, Ape2o, Barclays, Benjamin Storey, Demo Directory, Financial, investment, partnership, sustainability, UK businesses
(IN BRIEF) Germany’s gross domestic product (GDP) for the third quarter of 2023 declined by 0.1% when adjusted for price, seasonal, and calendar variations compared to the previous quarter. This decrease follows a slight increase in economic performance in … Read the full press release
Posted in Business, Economy, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged Destatis, economy, Financial, GDP, Germany, investment
(IN BRIEF) HSBC Holdings plc reported strong financial performance in the third quarter of 2023, with profit before tax rising to $7.7 billion. This increase was driven by a higher interest rate environment and a positive impact related to the … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged 2023 Earnings, Financial, HSBC, investment, Noel Quinn
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