News

Volkswagen Takes $6 Billion Hit Due to Porsche Restructuring

BERLIN (Reuters) -Volkswagen, Europe's largest carmaker, said on Friday it will take a 5.1 billion euro ($6 billion) hit due ...

Newmont Sells Entire Orla Stake for About $439 Million in Divestiture Push

(Reuters) - Gold miner Newmont said on Friday it sold its stake in Orla Mining for $439 million through the Toronto Stock ...

Monte Dei Paschi Secures 70.5% of Mediobanca After Penultimate Day of Tender Offer

Monte dei Paschi's hostile share-and-cash buyout offer concludes on Monday, the last day on which Mediobanca shareholders can ...

OpenAI to Spend $100 Billion Over Five Years on Backup Servers, the Information Reports

Including the backup servers, OpenAI plans to spend about $85 billion a year on server rentals over the next five years, on ...

Mexico's Central Bank to Cut Benchmark Rate by 25 Basis Points to 7.50% on September 25: Reuters Poll

BUENOS AIRES (Reuters) - Mexico's central bank is set to again lower its benchmark interest rate by a quarter of a percentage ...