Schumer will put legislation to cut insulin costs on Senate floor 'very soon'

U.S. Senate Majority Leader Chuck Schumer said on Wednesday he will put a bipartisan legislation to lower insulin costs for a vote on the Senate floor "very soon".

newspaper

22-06-2022

Umicore plan to double down on battery business knocks almost $1 billion off market cap

(Reuters) -Belgium's Umicore on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical vehicle production.

newspaper

22-06-2022

S&P cuts Chinese state-backed developer Greenland to 'selective default'

Chinese state-backed Greenland Holdings Corp Ltd was on Wednesday downgraded to "selective default" by rating agency S&P Global, after the property developer extended the maturity of its $500-million bonds by one year.

newspaper

22-06-2022

Japan's JERA prepares to revive a second aged power unit at Anegasaki

JERA, Japan's biggest power generator, has started preparation work to restart another aged power generation unit at its Anegasaki thermal power station, near Tokyo, to help the region avoid any power crunch during the peak winter demand season.

newspaper

22-06-2022

Carlsberg CFO to step down

COPENHAGEN (Reuters) -Carlsberg on Wednesday announced the departure of Chief Financial Officer Heine Dalsgaard, who had a leading role in a major cost-cutting programme to stem its losses in Russia.

newspaper

22-06-2022

German union demands 9.5% pay rise for Lufthansa ground staff

BERLIN (Reuters) -German trade union ver.di is demanding a 9.5% pay rise, or at least 350 euros ($368) per month more over 12 months, for Lufthansa ground staff to cushion the effects of soaring inflation, it said on Wednesday.

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22-06-2022

Umicore's 'all in' bet on battery materials knocks shares

(Reuters) -Belgium's Umicore plans to invest around 5 billion euros ($5.25 billion) by 2026 to capitalise on the shift towards electric vehicles, the maker of chemicals and battery materials said on Wednesday, jolting investors and sending shares tumbling 15%.

newspaper

22-06-2022

S&P Global downgrades developer Greenland to 'selective default'

HONG KONG (Reuters) -Ratings agency S&P Global on Wednesday downgraded Greenland Holdings to "selective default", after the Chinese state-backed property developer extended the maturity of its $500-million bonds by one year.

newspaper

22-06-2022

SoftBank overseas business chief exits in latest churn

TOKYO (Reuters) -Japan's SoftBank Group Corp said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes who leaves after just six months in the role.

newspaper

22-06-2022