Gerresheimer's shares fall 11% after another outlook cut
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Gerresheimer's shares fall 11% after another outlook cut

Gerresheimer's shares fall 11% after another outlook cut
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Gerresheimer's shares fall 11% after another outlook cut

by Inkhabar webdesk
written by Inkhabar webdesk

Oct 9 (Reuters) – Shares in Gerresheimer fell 11% on Thursday, a day after the German packaging and medical equipment maker cut its 2025 guidance for the third time this year. Its shares were trading at 33.2 euros ($38.58) at 0710 GMT and at the bottom of the German midcap index. The profit warning comes amid slowing demand for personal care and beauty products that has weighed on consumer goods companies. Gerresheimer, which makes rounded jars for creams and roll-on bottles for deodorants, expects organic revenues to decline between 2-4% year-on-year, after previously expecting between 0-2% growth. Its shares have lost almost half of their value since January, also taking a knock from an investigation started by Germany's financial regulator which alleged accounting rule violations. ($1 = 0.8607 euros) (Reporting by Paolo Laudani in Gdansk, Editing by Matthias Williams)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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HSBC shares slide 6% from peaks on Hang Seng buyout move

by Inkhabar webdesk
written by Inkhabar webdesk

(Reuters) -HSBC shares fell 6% in London from near record levels after the British bank announced plans to buy out minorities in its majority-held Hang Seng Bank subsidiary in a deal worth around $13.6 billion. "While strategic rationale is compelling, and this seems a sensible overall use of capital, we expect investors will query why now and at this price," Citi analyst Andrew Coombs wrote. Hang Seng Bank has come under fire for its performance and exposure to property markets in Hong Kong and mainland China. HSBC was the biggest faller on the FTSE 100 in early morning and set for its largest one-day drop since early April. The stock is still up over 25% so far in 2025. (Reporting by Danilo Masoni; Editing by Amanda Cooper)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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NBA makes China comeback in Macau

by Inkhabar webdesk
written by Inkhabar webdesk

By Joyce Zhou MACAU (Reuters) -The National Basketball Association (NBA) returned to China on Thursday for the first time since a controversial parting of ways in 2019, staging two games in Macau and announcing a multi-year partnership with Chinese technology giant Alibaba. The NBA is due to play two pre-season games in the Chinese special administrative region on Friday and Sunday, part of a five-year contract with Las Vegas Sands' Macau unit Sands China. The games mark the first time the NBA is playing in Macau, the world's largest gambling hub, and follows a years-long absence amid controversy over the 2019 Hong Kong protests. The Macau games aim to bolster the NBA's profile in China, where around 300 million people play basketball, at a time of rising political tensions between the United States and China. The NBA's absence followed a firestorm of controversy around comments made six years ago by the Houston Rockets' then general manager Daryl Morey, who posted a message on social media in support of Hong Kong's pro-democracy protests. In the aftermath, Beijing suspended the broadcast of NBA games, prompting corporate sponsors to flee and the league to suffer what it described at the time as dramatic financial consequences. Pre-season NBA games in China were also scrapped. "The China fans, I feel like are some of our biggest supporters," Brooklyn Nets player Michael Porter Jr told a media conference at the Venetian. "There's so many fans out here. So I think coming out here and being able to play in front of them is definitely a blessing for us and for them." NBA EXPERIENCE The NBA games are being held at Sands Venetian property along with a five-day free-to-enter music, fashion and technology exhibition showcasing the NBA brand. Shaquille O'Neal is among NBA celebrities attending the event, the league said. The Brooklyn Nets, owned by Alibaba chairman Joseph Tsai, will play the Phoenix Suns at sold-out games in the arena. Sands owner, the U.S. billionaire Adelson family, also own the Texas-based NBA team, the Dallas Mavericks. The casino operator announced its collaboration with the NBA in December 2024 and said it wanted to bring elite basketball directly to Chinese fans. The announcement by Alibaba Group said it would provide artificial intelligence and cloud computing services with the NBA and enhance fan experiences on the NBA app in China. Alibaba Cloud will be the official cloud computing and AI partner of NBA China, it said. NON-GAMING SPEND TO GROW Macau's casinos, which include Sands, Wynn Macau, SJM Holdings, MGM China, Galaxy Entertainment and Melco Resorts, have been mandated to increase their non-gaming businesses as a proportion of their overall business. They have pledged to collectively invest more than $13.5 billion in non-gambling infrastructure and projects over the next decade. Macau is the only place in China where Chinese citizens are legally allowed to gamble in casinos. A Portuguese colony until 1999, its economy remains heavily reliant on the casino industry, which contributes around 80% of government tax revenues. Macau's non-gaming offerings have historically focused on retail and dining with a smattering of entertainment such as Melco's nightclubs, Galaxy's cinema and Sands themed European properties. Melco on Monday announced the opening of a hospital inside its Studio City resort. It said the medical facility was to support the government's aim to position Macau as a centre for international medical tourism. (Reporting by Joyce Zhou in Macau, Liam Mo in Beijing, Brenda Goh in Shanghai; Writing by Farah Master; Editing by Muralikumar Anantharaman and Kate Mayberry)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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RUBBER-Japan futures climb on Nikkei rally, China's return from holiday

by Inkhabar webdesk
written by Inkhabar webdesk

(Updates prices to market close) Oct 9 (Reuters) – * Japanese rubber futures rose on Thursday, tracking the Nikkei and supported by trade resuming in China following the National Day holiday. * The Osaka Exchange (OSE) rubber contract for March delivery was up 3.1 yen, or 1.01%, at 310 yen ($2.03) per kg. * The rubber contract on the Shanghai Futures Exchange (SHFE) for January delivery rose 235 yuan, or 1.55%, to 15,295 yuan ($2,145.49) per metric ton. * The most-active November butadiene rubber contract on the SHFE gained 150 yuan, or 1.34%, to 11,325 yuan per ton. * Trading resumed in Chinese markets after the conclusion of the National Day holiday. * Japan's Nikkei climbed 1.8% to finish the day at a new record high. * Brazil's auto sales rose 7.9% in September to 243,230 units, though production decreased 1.5% to 243,405 units. * Brazil is home to the largest car market in South America. * Automobile sales could influence the intensity of automobile manufacturing, which involves using rubber-made tyres. * Top rubber producer Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from October 13-15. * The yen was slightly stronger at 152.55 per dollar, having slipped to an eight-month low of 153 per dollar overnight. * A stronger Japanese currency makes yen-denominated assets less affordable to overseas buyers. * Oil prices were little changed as investors weighed a ceasefire deal in Gaza against stalled peace talks in Ukraine. * Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. * The front-month rubber contract on Singapore Exchange's SICOM platform for November delivery last traded at 172.5 U.S. cents per kg, up 1.5%. ($1 = 152.9900 yen) ($1 = 7.1289 Chinese yuan) (Reporting by Lucas Liew; Editing by Subhranshu Sahu and Janane Venkatraman)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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EU'S VON DER LEYEN: CONFIDENT OVER EUR 400 BILLION WILL BE MOBILISED BY 2027 FOR GLOBAL GATEWAY, EU'S GLOBAL SOUTH INVESTMENT PLAN

by Inkhabar webdesk
written by Inkhabar webdesk

EU'S VON DER LEYEN: CONFIDENT OVER EUR 400 BILLION WILL BE MOBILISED BY 2027 FOR GLOBAL GATEWAY, EU'S GLOBAL SOUTH INVESTMENT PLAN

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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Schwarber's two homers power Phillies past Dodgers

by Inkhabar webdesk
written by Inkhabar webdesk

VIDEO SHOWS: HIGHLIGHTS FROM GAME THREE OF NATIONAL LEAGUE DIVISION SERIES BETWEEN PHILADELPHIA PHILLIES AND LOS ANGELES DODGERS RESENDING WITH COMPLETE SCRIPT SHOWS: LOS ANGELES, CALIFORNIA, UNITED STATES (OCTOBER 8, 2025) (MLB – See restrictions before use) BOTTOM 1ST  1. PHILADELPHIA PHILLIES' STARTER AARON NOLA STRIKES OUT TEOSCAR HERNANDEZ/ HERNANDEZ CLOSE-UP 2. NOLA STRIKES OUT WILL SMITH/ NOLA WALKING / REPLAY OF NOLA'S STRIKE OUT  BOTTOM 3RD  3. TOMMY EDMAN HITS A SOLO HOME RUN AND GIVES LOS ANGELES DODGERS 1-0 LEAD/ DODGERS' PLAYERS CELEBRATING  TOP 4TH  4. KYLE SCHWARBER HITS A SOLO HOME RUN AND TIES THE GAME 1-1 / SCHWARBER CELEBRATING/ PHILLIES' PLAYERS CELEBRATING  5. REPLAY OF SCHWARBER'S SOLO HOME RUN  6. SCHWARBER CELEBRATING IN THE DUGOUT  7. ALEC BOHM SINGLES TO RIGHT FIELD AND BRYCE HARPER SCORES ON A THROWING ERROR BY HERNANDEZ, GIVES 2-1 LEAD TO PHILLIES/ HARPER CLOSE-UP/ PHILLIES' PLAYERS CHEERING  8. BRANDON MARSH DRIVES IN BOHM WITH A SAC FLY, GIVING PHILLIES 3-1 LEAD/ BOHM RUNNING/ MARSH CELEBRATING IN THE DUGOUT  BOTTOM 4TH 9. PHILLIES PITCHER RANGER SUAREZ STRIKES OUT WILL SMITH  10. REPLAYS OF WILL SMITH GETTING OUT  BOTTOM 6TH  11. SUAREZ STRIKES OUT FREDDIE FREEMAN/ REPLAY OF THE STRIKE OUT  12. SUAREZ PITCHES, BRYSON STOTT TOSSES TO SHORTSTOP TREA TURNER WHO THROWS TO FIRST BASEMAN BRYCE HARPER TO TURN A DOUBLE PLAY / SUAREZ CLOSE-UP TOP 8TH  13. J.T. REALMUTO HITS A SOLO HOME RUN AND EXTENDS PHILLIES' LEAD TO 4-1/ VARIOUS OF REALMUTO CLOSE-UPS 14. REPLAY OF REALMUTO'S HOME RUN 15. TREA TURNER DRIVES IN TWO WITH A SINGLE AND GIVES PHILLIES 6-1 LEAD / TURNER CELEBRATING  16. SCHWARBER HITS A TWO HOME-RUN, TURNER SCORES AND GIVES PHILLIES 8-1 LEAD / SCHWARBER CELEBRATING/ PHILLIES' PLAYERS CELEBRATING  17. REPLAY OF SCHWARBER'S HOME RUN  18. ENRIQUE HERNANDEZ CUTS DOWN BRYCE HARPER AT THE PLATE WITH A STRONG THROW 19. REPLAY OF HERNANDEZ'S THROW  BOTTOM 9TH  20. TOMMY EDMAN SINGLES TO LEFT FIELD AND HERNANDEZ SCORES FOR DODGERS TO CUT THEIR DEFICIT TO 2-8 / EDMAN CLOSE-UP 21. TANNER BANKS RETIRES SHOHEI OHTANI TO CLOSE OUT PHILLIES' 8-2 WIN  22. SCHWARBER CLOSE-UP/ SUAREZ CLOSE-UP 23. SCHWARBER CELEBRATING WITH TEAMMATES  24. PHILLIES PLAYERS CELEBRATING AND GREETING EACH OTHER  STORY: Kyle Schwarber blasted two home runs, including a towering 455-foot shot to ignite a three-run fourth inning, as the Philadelphia Phillies staved off elimination with an 8-2 win over the Los Angeles Dodgers in Game Three of the National League Division Series on Wednesday (October 8).  Aaron Nola and Ranger Suarez combined to allow one run over seven innings, while J.T. Realmuto added a solo home run in the eighth as the Phillies rebounded from losing the first two games at home. Game Four in the best-of-five series will take place Thursday in Los Angeles. Tommy Edman homered for the Dodgers, while Shohei Ohtani went 0-for-5, extending his struggles in the series to one hit in 14 at-bats with seven strikeouts. The loss marked the Dodgers' first in five postseason games. Schwarber tied the game at 1-1 with his first home run of the night off Dodgers starter Yoshinobu Yamamoto  in the fourth inning. Bryce Harper scored on an Alec Bohm single and throwing error by center fielder Andy Pages, and Bohm came home on a Brandon Marsh sacrifice fly to make it 3-1. The Phillies broke open the game in the eighth inning, scoring five runs off veteran left-hander Clayton Kershaw, who is set to retire after the postseason. Realmuto led off the inning with a home run, followed by Schwarber's two-run shot and a two-run single from Trea Turner. Kershaw allowed five runs (four earned) over two innings, walking three. Suarez settled down after giving up Edman's home run on his first pitch, finishing with one run allowed on five hits and four strikeouts over five innings. Edman added an RBI single in the ninth for the Dodgers before Ohtani flew out to end the game. (Production: Suramya Kaushik) More MLB content is available on Reuters Connect here: https://www.reutersconnect.com/all?sources=mlbimagen

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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UPDATE 1-UK regulator finds no competition issues with Openreach's fiber offer

by Inkhabar webdesk
written by Inkhabar webdesk

(Adds details on sector in paragraph 3 and 4, details from report from 5-8) Oct 9 (Reuters) – Britain's telecom and media regulator Ofcom on Thursday said it found no immediate competition concerns with Openreach's special offer, which allows internet service providers to upgrade customers to high-speed fiber connections at discounted rates. "We do not at this point in time have prima facie concerns that would lead us to decide to investigate the offer in further detail," Ofcom said in a statement. The decision comes as Britain pushes to ramp up ultrafast broadband rollout as rival networks invest billions into fibre networks, intensifying price competition. Competing providers have argued that Openreach’s discounted offer prices fiber services below the costs of a reasonably efficient operator and risks locking them out of the market before their networks are ready. Openreach, owned by Britain’s largest broadband provider BT Group, has launched a discount scheme allowing internet service providers to upgrade customers to full fibre while paying the lower 80/20 Mbps rental rate from October 10 to April 2026. Ofcom said Openreach's average fiber-to-the-premises price remains above its estimated cost range for an efficient operator even with the new offer factored in, and noted the discount applies only to a narrow segment of proactive customer migrations that internet providers initiate rather than customers request. The regulator said it will use formal information-gathering powers to monitor the offer's impact on pricing and provider behaviour, and stands ready to intervene quickly if necessary while considering the evidence when setting rules for 2026-2031. Ofcom said it is still reviewing responses from its consultation and plans to publish final decisions in March 2026. (Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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Analysis-Takaichi's jab at BOJ independence may face political reality check

by Inkhabar webdesk
written by Inkhabar webdesk

By Leika Kihara TOKYO (Reuters) -A pledge by Japan's next likely prime minister to reassert government sway over the central bank has fanned worries about political interference in monetary policy, however, a weak yen and politics could limit any such push. Sanae Takaichi is set to become Japan's next premier and has already rattled markets by declaring control over the direction of monetary policy following her party leadership win, reviving memories of Shinzo Abe's radical economic stimulus last decade. "The government must be responsible for fiscal and monetary policy. The BOJ will then consider the most appropriate means," Takaichi told a news briefing upon her victory in the weekend race, stressing the need to focus on reflating growth. Her leadership could present the biggest political challenge to Bank of Japan Governor Kazuo Ueda, a soft-spoken academic who took the helm two years ago charged with dismantling the radical monetary stimulus of his Abe-appointed predecessor. The extent of Takaichi's challenge, however, is likely to be tempered by the risks of inflation, a sharp yen decline and her own party's weak standing – problems her late mentor Abe never faced. Differences between the government and central bank, instead, are more likely to be seen in communications and expectations around the extent and timing of future interest rate hikes, analysts and sources say. That alone could be enough to stir up market volatility. "It's a huge threat for the BOJ as her remarks show she has little respect for central bank independence," said former BOJ board member Takahide Kiuchi. "It's quite likely she will interfere in monetary policy and try to keep rate hikes in check," said Kiuchi, who sat at the board when former BOJ chief Haruhiko Kuroda deployed massive stimulus in 2013. "I'm sure people at the BOJ are very alarmed." CENTRAL BANK INDEPENDENCE UNDER FIRE The challenge to the BOJ's independence comes as central bank policy around the world, from the United States to New Zealand to Indonesia, comes under increasing pressure from new political leadership. Under law that took effect in 1998, the BOJ nominally enjoys independence although that has not shielded it from past political pressure to expand monetary support for a moribund economy. While the government cannot fire a sitting BOJ chief, it has the authority to pick the governor and members of the board, which then needs parliamentary approval. The most extreme case of intervention came in 2013, when Abe hand-picked Kuroda to overhaul the BOJ's caution over ramping up stimulus under then governor Masaaki Shirakawa. Known more for her focus on nationalist policies, Takaichi's economic views are nonetheless framed by advisers who advocate expansionary fiscal and monetary policy. Such intervention could come directly through public comments by the premier and political aides, or in informal conversations among staff and executives, say sources with knowledge of past exchanges between the two sides. Former BOJ Deputy Governor Masazumi Wakatabe, who has ties with Takaichi, said the BOJ will likely find it hard to justify raising interest rates this year given weakness in the economy. CONSTRAINTS ABOUND Unlike the Abe era, however, Takaichi's urge to keep policy accommodative is likely to be constrained by new economic and political realities. For one, the presence of veteran lawmakers with more conservative views on economic policy may counter Takaichi's radicalism, analysts say. Among them is former premier and finance minister Taro Aso, who was appointed party vice president. He has pushed to keep heavily indebted Japan's fiscal house in order and avoid overreliance on loose monetary policy to reflate growth. Unlike during Abe's days, Takaichi's Liberal Democratic Party (LDP) rests on shaky political ground with its minority coalition facing the risk of a break-up that could deprive her votes needed to be elected premier in parliament. Even if she becomes prime minister, Takaichi may be forced to appease opposition parties by handing over the key finance minister post to one of their leaders – adding uncertainty to how much clout she will have in making demands on the BOJ. The economic backdrop, too, has changed dramatically from the days of Abenomics, when Japan had experienced two decades of deflation, subdued growth and a strong yen that hurt the export-reliant economy. Now, Japan has seen inflation exceed 2% for well over three years as rising raw material costs, due in part to a weak yen, prod firms to hike prices. Delaying rate hikes for too long could lead to a further sharp decline in the yen and worsen consumer inflation, which has been politically disastrous for Takaichi's predecessors. Rising living costs are seen as a key factor that led to the LDP's huge loss in an upper house election in July. Speculation Takaichi's presence will force the BOJ to delay rate hikes has already pushed the yen to an eight-month low per dollar, drawing verbal intervention by Japanese authorities. Takaichi may nod to a near-term rate hike if yen falls persist and threaten to push up already high living costs, said former BOJ executive Kazuo Momma, who oversaw negotiations with Abe's administration. "The biggest loser from a weak yen is the government," Momma said. "If Takaichi's approval ratings were to fall from the outset, it would be because of a weak yen. I'm sure people around her like Aso are well aware of that." (Reporting by Leika Kihara; Editing by Sam Holmes)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
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NBA makes China comeback in Macau

by Inkhabar webdesk
written by Inkhabar webdesk

By Joyce Zhou MACAU (Reuters) -The National Basketball Association (NBA) returned to China on Thursday for the first time since a controversial parting of ways in 2019, staging two games in Macau and announcing a multi-year partnership with Chinese technology giant Alibaba. The NBA is due to play two pre-season games in the Chinese special administrative region on Friday and Sunday, part of a five-year contract with Las Vegas Sands' Macau unit Sands China. The games mark the first time the NBA is playing in Macau, the world's largest gambling hub, and follows a years-long absence amid controversy over the 2019 Hong Kong protests. The Macau games aim to bolster the NBA's profile in China, where around 300 million people play basketball, at a time of rising political tensions between the United States and China. The NBA's absence followed a firestorm of controversy around comments made six years ago by the Houston Rockets' then general manager Daryl Morey, who posted a message on social media in support of Hong Kong's pro-democracy protests. In the aftermath, Beijing suspended the broadcast of NBA games, prompting corporate sponsors to flee and the league to suffer what it described at the time as dramatic financial consequences. Pre-season NBA games in China were also scrapped. "The China fans, I feel like are some of our biggest supporters," Brooklyn Nets player Michael Porter Jr told a media conference at the Venetian. "There's so many fans out here. So I think coming out here and being able to play in front of them is definitely a blessing for us and for them." NBA EXPERIENCE The NBA games are being held at Sands Venetian property along with a five-day free-to-enter music, fashion and technology exhibition showcasing the NBA brand. Shaquille O'Neal is among NBA celebrities attending the event, the league said. The Brooklyn Nets, owned by Alibaba chairman Joseph Tsai, will play the Phoenix Suns at sold-out games in the arena. Sands owner, the U.S. billionaire Adelson family, also own the Texas-based NBA team, the Dallas Mavericks. The casino operator announced its collaboration with the NBA in December 2024 and said it wanted to bring elite basketball directly to Chinese fans. The announcement by Alibaba Group said it would provide artificial intelligence and cloud computing services with the NBA and enhance fan experiences on the NBA app in China. Alibaba Cloud will be the official cloud computing and AI partner of NBA China, it said. NON-GAMING SPEND TO GROW Macau's casinos, which include Sands, Wynn Macau, SJM Holdings, MGM China, Galaxy Entertainment and Melco Resorts, have been mandated to increase their non-gaming businesses as a proportion of their overall business. They have pledged to collectively invest more than $13.5 billion in non-gambling infrastructure and projects over the next decade. Macau is the only place in China where Chinese citizens are legally allowed to gamble in casinos. A Portuguese colony until 1999, its economy remains heavily reliant on the casino industry, which contributes around 80% of government tax revenues. Macau's non-gaming offerings have historically focused on retail and dining with a smattering of entertainment such as Melco's nightclubs, Galaxy's cinema and Sands themed European properties. Melco on Monday announced the opening of a hospital inside its Studio City resort. It said the medical facility was to support the government's aim to position Macau as a centre for international medical tourism. (Reporting by Joyce Zhou in Macau, Liam Mo in Beijing, Brenda Goh in Shanghai; Writing by Farah Master; Editing by Muralikumar Anantharaman and Kate Mayberry)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Gerresheimer's shares fall 11% after another outlook cut
Gerresheimer's shares fall 11% after another outlook cut
Gerresheimer's shares fall 11% after another outlook cut
Gerresheimer's shares fall 11% after another outlook cut