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Citigroup to buy Deutsche Bank's license in Mexico

Citigroup Inc said Tuesday it intends to buy Deutsche Bank's license in Mexico so it can continue its corporate and investment banking operations in the country after the planned sale of its local retail unit.

9 November 2022
Disney missed Wall Street forecasts on streaming losses

Walt Disney Co failed to meet Wall Street's earnings forecast on Tuesday. The entertainment giant has suffered financial losses due to its advancement into streaming video.

9 November 2022
Adrian Orr was reelected for a second term as head of RBNZ

Adrian Orr was appointed for a second time as the head of the Reserve Bank of New Zealand (RBNZ). He will enter his second five-year term on March 27.

8 November 2022
Nvidia improves chip for China to comply with U.S. trade regulation

Nvidia Corp. plans to sell an improved chip in China that meets new U.S. export control requirements, said the company on Monday. Those rules stated that advanced technology should not be passed on to Chinese parties.

8 November 2022
Ford Motor Co's chief electrification executive reveals the company’s weaknesses and opportunities

According to an announcement of chief electrification executive at Ford Motor Co, issues associated with charging network and availability of battery raw materials are considered to be critical factors restraining demand for electric vehicles.

8 November 2022
Amazon expands fleet of electric vans for holiday deliveries

Amazon's fleet of electric vans has been growing rapidly since it announced its partnership with Rivian Automotive.

8 November 2022
Tesla changes insurance incentive scheme to boost sales in China

Tesla Inc said that insurance incentives for car orders in China placed before November 30 have been raised. However, the incentives will be reduced in December to encourage consumers to place orders as early as possible.

8 November 2022
Oil prices stable: oil supply worries offset recession fears

Oil prices hold steady as supply cut fears are offset by fears of an economic downturn and China’s strict COVID-19 containment strategy.

8 November 2022
Philip Morris wins 83% stake in Swedish Match and goes ahead with $16bn takeover

Marlboro maker Philip Morris International (PMI) announced Monday a plan to buy Swedish Match for $16 billion, despite only getting approval for the deal from owners of 82.59 percent of the Swedish company.

7 November 2022
Lyft to lay off 13% of employees

Due to rising inflation and the risks of an impending recession, Lyft made a statement on the revision of the staffing table and the subsequent dismissal of about 700 employees, which is 13% of the company's total staff.

7 November 2022