Investing.com — Top executives at China Vanke Co., a leading property developer, have announced their resignations, according to a filing with the Hong Kong stock exchange on Monday. Chairman Yu Liang has applied to resign due to what has been described as “work adjustment reasons.” Despite his resignation as chairman, Liang will continue to serve…
By Simon Jessop and Virginia Furness LONDON (Reuters) – International auditors have been given new guidance on what to check when assessing firms’ environmental, social and governance claims – and how – as part of efforts to increase rigour and consistency, the chair of the industry’s global ethics watchdog told Reuters. The move by the…
BERLIN (Reuters) – German business morale unexpectedly improved in January thanks to a more positive assessment of the current economic situation, a survey showed on Monday. The Ifo institute said its business climate index increased to 85.1 in January from 84.7 in the previous month. Analysts polled by Reuters had forecast a reading of 84.7….
Investing.com – Tech-heavy Nasdaq futures slumped on Monday, with artificial intelligence-darling Nvidia in particular edging lower in premarket US trading, amid concerns that a new model from Chinese start-up DeepSeek could necessitate less investment in AI infrastructure. Broader Wall Street futures also fell sharply, after DeepSeek launched a set of new open-source models over the past…
By Rocky Swift TOKYO (Reuters) -Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual misconduct by a celebrity TV host. The scandal, which has led to an exodus of advertisers and investor calls for a management shake-up, has also…
(Reuters) – Indebted property developer China Vanke said on Monday its chairman Yu Liang and chief executive Zhu Jiusheng applied to resign from their positions, amid intensifying worries over the company’s liquidity as it faces several looming debt maturity deadlines this month. Source
(Reuters) – European shares slid on Monday as the technology sector joined the retreat in other markets after China’s upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the need for costly tech. The pan-European STOXX 600 was down 0.7% of 0815 GMT. U.S. Nasdaq Composite futures tumbled 3.1%,…
Investing.com — London-listed infrastructure firm Costain Group has announced that its adjusted operating profit for the year aligns with market expectations, and it anticipates a growth in margins. The company announced on Monday that the market forecasts for adjusted operating profit, which excludes exceptional and other one-off items, range from £41.9 million to £43.3 million…
Investing.com — WH Smith (LON:SMWH) in a stock exchange filing on Monday said it is considering options for its high street division, including a possible sale, following media reports. Shares of the retailer were up 2.9% at 03:55 ET (08:55 GMT). The move, if realized, could mark a shift for the company as it seeks…
Investing.com — Shares in Italian banks Mediobanca (OTC:MDIBY) and Monte dei Paschi (MPS) experienced a drop at market open on Monday, continuing the downward trend from Friday. The drop followed a surprise bid of 13.3 billion euros ($13.93 billion) for the merchant bank by the state-backed lender MPS. At 0802 GMT, on the Milan bourse,…
