Category: Business

As many Japanese firms bow to pressure from shareholders and regulators to end the practice of listing subsidiaries – which critics say compromises corporate governance – one of the country’s biggest retailers isn’t buying it. Aeon Co Ltd (8267.T), whose 15 listed subsidiaries include supermarkets and drugstores, said so-called parent-child listings improve, rather than hinder, […]

A look at the day ahead in European and global markets from Tom Westbrook The death of Queen Elizabeth II and a frantic session of rate hikes and spending plans on Thursday seems likely to subdue trade into the weekend. Elizabeth’s son, Charles, is King. Elizabeth was crowned in a nation exhausted by victory in […]

Macy’s Inc (M.N) expects another early start to holiday season shopping this year, a contrast to a prediction from Best Buy Co Inc (BBY.N) that highlights the uncertainty among U.S. retailers in forecasting inflation-driven shopping behavior. Pandemic-induced disruptions to supply chains prompted consumers to start their holiday shopping as early as October in the last […]

CreditSights, part of the Fitch Group, said it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by India’s richest person, Gautam Adani, after a conversation with the management. Debt research firm CreditSights’ report late last month calling the conglomerate “deeply overleveraged” and flagging other risks had sent […]

Member firms of Ernst & Young (EY) in the Greater China region will not participate in a global plan by the professional services firm to split its audit and consulting units into two companies, EY Greater China said on Friday. EY, headquartered in London and one of the Big Four accounting firms, said on Thursday […]

Candy maker Hershey Co (HSY.N) will spend $90 million to open two new production lines in a Mexican plant in the northern border state of Nuevo Leon, a representative for the company said on Thursday. The expansion of the plant will increase output by 25%, according to a release from the state issued after an […]

Wall Street’s main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month. Indexes bounced back and forth in a choppy trading as concerns over Federal Reserve’s next steps to tame a surging […]