Category Archives:
Cyber hack to cost UK outsourcer Capita up to $25 million
LONDON (Reuters) - British outsourcing company Capita warned it would take a 15 million pound to 20 million pound ($25 million) hit after its systems were hacked in a cyber incident earlier this year....
May 10, 2023
Chinese company earnings reveal lopsided economic recovery
By Summer Zhen HONG KONG (Reuters) - People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routi...
May 10, 2023
Panasonic Q4 profit falls 35%, misses market expectations
TOKYO (Reuters) - Japan's Panasonic Holdings Corp on Wednesday posted a 35% fall in fourth-quarter operating profit at 54.4 billion yen ($402.81 million). That compared with 83.4 billion yen a year ea...
May 10, 2023
UK’s Smiths Group names Alcoa’s Williams as next chair
(Reuters) - British industrial technology company Smiths Group Plc on Wednesday named Steve Williams as its next chairman to succeed George Buckley, who is retiring at the end of the company's annual ...
May 10, 2023
Ahold Delhaize boosted by U.S. sales
(Reuters) -Supermarket group Ahold Delhaize beat expectations with its first-quarter sales on Wednesday, reporting a higher margin for its U.S. stores while inflation hurt European profitability. The ...
May 10, 2023
Column-Rehabilitating sterling: Mike Dolan
By Mike Dolan LONDON (Reuters) - Sterling's been down so long, this looks like up to most people. Against the dark mood surrounding the British economy and dour positioning on the pound over the past ...
May 10, 2023
Analysis-Investors’ route to post-COVID China is via Europe
By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) - Investors are getting more bang for their buck this year by buying European companies with a focus on China than buying Chinese companies t...
May 10, 2023
Bank of America opens Luxembourg branch in Europe funds push
LONDON (Reuters) - Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a ...
May 10, 2023
UAE’s ADNOC to offer 15% stake in logistics unit IPO
DUBAI (Reuters) - Abu Dhabi oil giant ADNOC intends to offer 15% of its shares in unit ADNOC Logistics & Services (ADNOC L&S) through an initial public offering (IPO) on the Abu Dhabi stock exchange, ...
May 10, 2023
Mitsubishi Heavy expects record defence orders as Japan builds up its forces
TOKYO (Reuters) - Mitsubishi Heavy Industries on Wednesday said it expects to see record defence orders this business year as Japan embarks on its biggest military build up since World War Two. Japan'...
May 10, 2023
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