Category Archives:
China’s Huawei slows its long decline under U.S. sanctions as revenues improve
By David Kirton SHENZHEN, China (Reuters) - China's Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its ICT infrastructure business as it f...
Oct 27, 2022
Aegon sells Dutch operations to ASR in $4.9 billion deal
By Toby Sterling AMSTERDAM (Reuters) - Aegon NV said on Thursday smaller rival ASR would buy its Dutch insurance operations in a cash and shares deal worth around 4.9 billion euros ($4.93 billion) tha...
Oct 27, 2022
Spain’s unemployment rate rises edges up to 12.67% in Q3
(Reuters) - Spain's unemployment rate crept up to 12.67% in the third quarter from 12.48% the previous quarter while overall employment also increased, data from the National Statistics Institute show...
Oct 27, 2022
Carlsberg CEO says inflation could hit beer sales in 2023
COPENHAGEN (Reuters) - Danish brewer Carlsberg has seen little evidence of rising inflation hitting beer sales, but that could change going into 2023 as brewers continue to raise prices, Chief Executi...
Oct 27, 2022
Factbox-Credit Suisse’s strategic overhaul at a glance
ZURICH (Reuters) - Battered by years of scandals and losses, Credit Suisse plans to raise capital, cut thousands of jobs and spin off its investment bank. Here are main elements of the new strategy: C...
Oct 27, 2022
Rouble gains as central bank set to end rate-cutting cycle
(Reuters) - The Russian rouble climbed in early morning trading on Thursday, a day before the central bank is due to meet for its rate-setting decision. By 0710 GMT, the rouble was 0.4% stronger again...
Oct 27, 2022
European stocks slip ahead of ECB decision, Credit Suisse drops on turnaround plans
(Reuters) - European shares opened lower on Thursday, as investors were cautious ahead of a widely expected interest rate hike from the European Central Bank, while Credit Suisse tumbled after the emb...
Oct 27, 2022
U.S. chipmaker Marvell cutting some R&D roles in China – statement
By Josh Horwitz SHANGHAI (Reuters) - Santa Clara, California-based chip designer Marvell Technology Group Ltd is eliminating some roles in China as part of a realignment of its global research and dev...
Oct 27, 2022
The evolution of Credit Suisse over 166 years
ZURICH (Reuters) - Credit Suisse announced on Thursday a strategic revamp aiming to turn the corner on years of scandals, losses and executive upheaval at a financial insitution with deep roots in Swi...
Oct 27, 2022
Greek banks overlooked but on bumpy road to re-rating -Eurobank Equities
ATHENS (Reuters) - Rising interest rates will provide a significant tailwind to Greek bank earnings this year and the next, Eurobank Equities said on Thursday, rating Alpha Bank, National Bank and Pir...
Oct 27, 2022
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