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Business

Glencore’s smelter warning galvanises the zinc price

By ytgfitzcom August 22, 2022August 16, 2022

The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore warned of the continuing margin squeeze on its European smelters. The commodities powerhouse idled…

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Business

Ryanair expects zero disruption from Spanish cabin crew strikes

By ytgfitzcom August 21, 2022August 16, 2022

Ryanair (RYA.I) said on Tuesday it expects to incur no disruptions to its daily flight schedule in August or September from planned weekly strikes by some of its Spanish cabin…

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Business

AIG exceeds profit estimates on strong underwriting gains

By ytgfitzcom August 20, 2022August 16, 2022

Insurer American International Group Inc beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in…

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Business

Long-term China problems would hit Adidas targets to 2025

By ytgfitzcom August 19, 2022August 16, 2022

Any longer-term collapse of China as a growth market could undermine Adidas sales and profit targets up to 2025, the sports goods company told Handelsblatt business daily on Tuesday. "If…

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Business

U.S. accuses Chinese company of helping ZTE hide business with Iran

By ytgfitzcom August 18, 2022August 16, 2022

The U.S. Commerce Department on Tuesday accused Far East Cable, China's largest wire and cable manufacturer, of violating U.S. export controls related to shipments of telecommunications equipment to Iran. Far…

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Business

FedEx unit to test Ford’s electric vans for parcel delivery

By ytgfitzcom August 17, 2022August 16, 2022

FedEx Office will pilot Ford Motor Co's (F.N) electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp (FDX.N) said on Tuesday, as part of…

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Business

AIG eyes September as next window for unit’s IPO

By ytgfitzcom August 16, 2022August 16, 2022

Insurer American International Group Inc (AIG.N) said on Tuesday that September would be the next window for the delayed initial public offering (IPO) of its life and retirement unit. AIG,…

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