FRANKFURT (Reuters) - Porsche SE, Volkswagen (ETR:VOWG_p)’s biggest shareholder, is not considering selling voting shares in Europe’s largest carmaker, the holding firm said on Sunday following a newspaper report that it was weighing such a move.German tabloid Bild, citing people familiar with the matter, said the Porsche and Piech families that jointly control Porsche SE were considering dive ...
Investing.com -- European luxury stocks face potential headwinds due to weakening U.S. consumer sentiment.As a result, UBS analysts recommend a selective approach to the sector, emphasizing the need for investors to be discerning in their choices.The optimism surrounding U.S. luxury demand, which exceeded expectations in Q4, is now facing uncertainty. This change in conditions is largely driven by ...
Investing.com -- S&P Global Ratings has upgraded the credit rating of U.S.-based Carvana Co (NYSE:CVNA). to ’B’ from ’B-’ due to ongoing improvements in performance and stronger credit metrics. The company’s senior secured debt rating has also been upgraded to ’B’ from ’B-’, and its senior unsecured debt to ’CCC+’ from ’ CCC (WA:CCCP)’. The positive outlook indicat ...
Investing.com -- Moody’s Ratings has confirmed the Baa3 deposit ratings of Bank of Nanjing Co., Ltd., adjusting the bank’s outlook from positive to stable. The bank’s long-term and short-term local and foreign currency deposit ratings, as well as its Baseline Credit Assessment (BCA) and Adjusted BCA, remain unchanged.The affirmation of the ratings reflects the bank’s robust asset quality a ...