Pandora shares fell on disappointing US sales

Pandora signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, US, February 15, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register Shares down 7.3% Q2 sales in line with expectations US sales disappoint CEO: Inflation has not impacted jewelery sales Pandora postpones revamp … Read more

SAS bridge financing keeps survival hopes airborne, shares climb

SAS Link’s Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS Register now for FREE unlimited access to Register STOCKHOLM, Aug 15 (Reuters) – Scandinavian airline SAS (SAS.ST) kept its bid for survival aloft at the … Read more

SAS secures $700 million financing to aid restructuring

Aug 13 (Reuters) – Scandinavian airline SAS (SAS.ST) said on Saturday it entered into an agreement with Apollo Global Management (APO.N) to raise $700 million of fresh financing it needs to see it through bankruptcy. The airline filed for bankruptcy protection in the United States in early July to help cut debt after the collapse … Read more

Maersk sees weaker container demand as durable goods sales dry up

Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021. Picture taken July 7, 2021. REUTERS/Amr Abdallah Dalsh/File Photo/File Photo Register now for FREE unlimited access to Register Consumer confidence, port congestion weigh on container demand Number of loaded containers falls by 7.4% in Q2 … Read more

Volvo Cars July sales drop 21.5%, sees improvement ahead

A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Register OSLO, Aug 3 (Reuters) – Volvo Car Group’s (VOLCARb.ST) July sales were … Read more

Maersk’s cash machine is economic storm warning

The cargo ship “Maersk Bratan” of Danish shipping company Maersk is loaded at a container terminal at the harbor in Hamburg, Germany, June 24, 2022. REUTERS/Fabian Bimmer Register now for FREE unlimited access to Register LONDON, Aug 2 (Reuters Breakingviews) – Shipping giants are sending out an unlikely warning signal about the global economy. … Read more

US business borrowing for equipment falls 1% in June – ELFA

July 25 (Reuters) – US companies borrowed 1% less in June to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $10.3 billion in new loans, leases and lines of credit last month, compared with $10.4 billion a year … Read more

Volvo Cars sees stabler supply chain, but flat or lower retail sales

People look at a Volvo XC40 car during the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 26, 2020. REUTERS / Thomas Peter GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Register STOCKHOLM, July 20 (Reuters) – Automaker Volvo Cars (VOLCARb.ST) reported on Wednesday higher second-quarter profits … Read more

Finland’s Nordea posts higher profit amid economic uncertainty

Nordea bank sign is seen in Copenhagen, Denmark October 22, 2019. REUTERS/Andreas Mortensen Register now for FREE unlimited access to Register Q2 core earnings 1.36 billion eur vs 1.34 bln a year earlier CEO sees volatility and uncertainty in coming quarters Analyst expects rate hikes to shield profitability HELSINKI, July 18 (Reuters) – Finland’s … Read more

Bank of Canada makes a splash with developed economies’ first 100 pointer

July 13 (Reuters) – The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle as officials there eyeballed “higher and more persistent” inflation. read more In delivering their largest rate increase since 1998, BOC policymakers also noted the increased risk of price increases … Read more