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Posted on November 17, 2021November 11, 2021 3 mins

Chemicals group Lanxess sees cost pressures weighing on 2021 profits

German speciality chemicals maker Lanxess (LXSG.DE)on Thursday toned down its full-year profit expectations and warned that already elevated energy and freight costs could go even […]

  • Business
Posted on November 16, 2021November 11, 2021 2 mins

Bird CEO eyes further e-scooter expansion after going public

Electric scooter rental company Bird Rides plans to use most of the cash raised from merging with a special purpose acquisition company (SPAC) to expand […]

  • Business
Posted on November 15, 2021November 11, 2021 2 mins

Beijing may tighten management of home purchase funds

Beijing may tighten the management of home purchase payments held in escrow accounts to ensure the funds are used for property projects only, according to […]

  • Business
Posted on November 14, 2021November 11, 2021 3 mins

Toyota boosts profit outlook on weaker yen, but warns of production risks

Japan’s Toyota Motor Corp (7203.T) raised its profit outlook on Thursday helped by favourable currency rates but warned that the global semiconductor shortage still posed […]

  • Business
Posted on November 13, 2021November 11, 2021 2 mins

UK’s NatWest to tighten coal sector lending in gradual phase out

Britain’s NatWest (NWG.L) will not lend to any new customers operating coal-fired power plants or to existing clients planning to increase their capacity, in a […]

  • Business
Posted on November 12, 2021November 11, 2021 2 mins

GameStop gets new $500 mln asset-based credit facility

GameStop Corp (GME.N) said on Thursday it entered into an agreement with a syndicate of banks for a new $500 million global asset-based credit facility […]

  • Business
Posted on November 11, 2021November 11, 2021 2 mins

Ford to retire $5 billion in high-interest debt, issue green bonds

Ford Motor Co (F.N) said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds […]

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