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PostNL unveils 2028 strategy with focus on AI, e-commerce growth
Reuters· 2025-09-17 05:23
Core Viewpoint - PostNL announced a new strategy aiming for a normalized EBIT of over 175 million euros ($208 million) by 2028, focusing on sustainable growth [1] Group 1 - The company presented its strategy during the Capital Markets Day [1] - The target EBIT reflects a commitment to enhancing operational efficiency and profitability [1] - The vision includes driving sustainable growth in the logistics and postal services sector [1]
Nissan seeks to learn from Chinese supplier strategies as part of cost-cutting drive
Reuters· 2025-09-17 04:58
Nissan Motor is studying the cost competitiveness of Chinese suppliers and exploring ways to apply their practices globally, as it aims to cut variable costs by 250 billion yen ($1.71 billion) in a br... ...
Wells Fargo's business in China, where senior executive has left after exit ban
Reuters· 2025-09-17 04:55
A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S. and Chinese officials, according to two people with knowledge of the case. ...
Ben & Jerry's co-founder resigns citing loss of independence under Unilever
Reuters· 2025-09-17 04:12
Ben & Jerry's co-founder Jerry Greenfield, whose name helped shape the popular ice cream brand, has quit the company, his partner Ben Cohen said on Wednesday, deepening the rift with parent Unilever. ...
Bristol Myers to sell 60% stake in China joint venture
Reuters· 2025-09-17 04:04
Core Viewpoint - U.S. drugmaker Bristol Myers Squibb has signed an agreement to sell its 60% ownership stake in a pharmaceutical joint venture in China [1] Company Summary - Bristol Myers Squibb is divesting its majority stake in a joint venture, indicating a strategic shift in its operations in the Chinese market [1] Industry Summary - The sale reflects ongoing trends in the pharmaceutical industry where companies are reassessing their international partnerships and market presence, particularly in rapidly evolving markets like China [1]
US wins release of Wells Fargo banker barred from leaving China, WaPo reports
Reuters· 2025-09-17 03:29
A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S. and Chinese officials, the Washington Post reported on Tuesday, citing several people familiar with the matter. ...
Oil prices hold steady as markets await Fed rate decision
Reuters· 2025-09-17 01:29
Oil prices held steady in early trading on Wednesday, after rising more than 1% in the previous session on drone attacks on Russian ports and refineries, while traders awaited an expected rate cut fro... ...
Australia's Syrah Resources gets Tesla reprieve in graphite supply deal
Reuters· 2025-09-17 01:20
Core Viewpoint - Syrah Resources has reached an agreement with Tesla to extend the deadline for addressing an alleged breach of their graphite supply agreement, which provides the company with additional time to resolve the issue [1] Company Summary - Syrah Resources is involved in the graphite supply chain and has a critical supply agreement with Tesla [1] - The extension of the deadline is significant for Syrah Resources as it allows the company to manage the situation without immediate pressure [1] Industry Summary - The agreement highlights the importance of graphite in the electric vehicle supply chain, particularly for companies like Tesla that rely on it for battery production [1] - The extension may reflect broader trends in the industry regarding supply chain management and the need for flexibility in agreements [1]
Japan's exports down in August as automakers grapple with US tariffs
Reuters· 2025-09-17 00:18
Japan's exports fell for a fourth straight month in August, government data showed on Wednesday, as elevated U.S. tariffs took a deeper toll on the country's automotive and other manufacturing sectors... ...
Five Point-backed WaterBridge raises $634 million in US IPO
Reuters· 2025-09-17 00:09
Group 1 - WaterBridge Infrastructure raised $634 million in an initial public offering in the United States [1] - This event indicates renewed momentum in the listings market [1]