Analysis: As British lender HSBC considers Canada unit sale, antitrust issues loom

Analysis: As British lender HSBC considers Canada unit sale, antitrust issues loom

TORONTO, Oct 5 (Reuters) – As British lender HSBC Plc explores a potential sale of its Canadian unit, lawyers and analysts say the country’s concentrated banking market could discourage big domestic banks from bidding as the government has charged the antitrust regulator to push for more competition. An HSBC deal would be the first big … Read more

Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran

HOUSTON, Oct 4 (Reuters) – More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil exports in September to their third highest level this year, internal documents and tanker tracking data showed. The OPEC-member nation’s oil exports were volatile earlier this year due to a lack of diluents required to … Read more

Italy’s MPS commits to disposals as it works to secure investors

EU publishes decision on new deadline, turnaround goals MPS says plan progressing on schedule Aims to clinch deal with cash call investors this week – sources MILAN, Oct 3 (Reuters) – New restructuring commitments agreed by Italy and the European Union over state-owned bank Monte dei Paschi di Siena (MPS) (BMPS.MI) include disposals worth up … Read more

NFT sales plunge in Q3, down by 60% from Q2

LONDON, Oct 3 (Reuters) – Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a “crypto winter” and demand for the highly speculative digital assets shows little sign of returning. Non-fungible tokens (NFTs) are a kind of blockchain-based asset representing a digital file … Read more

US pending home sales post third straight monthly decline in August

WASHINGTON, Sept 28 (Reuters) – Contracts to buy US previously owned homes fell for a third straight month in August, weighed down by soaring mortgage rates and high house prices, which are eroding affordability. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, dropped 2.0% to … Read more

Nike sales likely to suffer as inflation hits sneakerheads

Sept 28 (Reuters) – Sneakerheads are thinking twice before splurging on the newest set of kicks as the rising cost of living takes a toll on consumer spending, setting the stage for a potential slowdown in sales for Nike Inc (NKE.N) in coming months. At least eight brokerages have cut their price targets on Nike … Read more

Bed, Bath & Beyond investors watching merchandise mix during sales slump

NEW YORK, NY, Sept 28 (Reuters) – Bed Bath & Beyond (BBBY.O) investors will be closely watching the home goods retailer’s second quarter earnings on Thursday for clues as to how customers are responding to its merchandise overhaul. The holiday season will be Bed Bath & Beyond’s “make-or-break moment” to show shoppers that its new … Read more

US new vehicle sales to increase on strong demand – report

Sept 28 (Reuters) – US new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an industry report from consultants JD Power-LMC Automotive showed on Wednesday. Customers have been unaffected by higher vehicle prices and lack of incentives or discounts from automakers, … Read more

Profit at Berlusconi-backed MediaForEurope down 44% as advertising sales flatten

MILAN, Sept 28 (Reuters) – Italy’s top commercial broadcaster MediaForEurope (MFE) (MFEB.MI) on Wednesday reported a 44% fall in first-half operating profit on the back of flat advertising sales and rising energy costs. Owned by the family of former Italian Prime Minister Silvio Berlusconi, MFE said its earnings before interest and tax (EBIT) fell to … Read more

Shell, Exxon launch joint sale of UK, Dutch North Sea assets – sources

Register now for FREE unlimited access to Register LONDON, Sept 27 (Reuters) – Shell (SHEL.L) and Exxon Mobil (XOM.N) have launched a joint sale process of a large package of offshore natural gas assets in the southern UK and Dutch North Sea, three industry and banking sources said. The two companies have hired investment … Read more