Retail giant Aeon holding out as Japan dismantles controversial listings

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, […]

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End of an era

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 […]

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Macy’s predicts another early start to holiday season shopping

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 […]

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CreditSights finds errors in debt report on India’s Adani group

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 […]

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