Category Archives:
China property think tank apologises for high vacancy rate report
BEIJING (Reuters) - A Chinese property think tank owned by KE Holdings apologised on Thursday for sparking a heated public discussion with its report on rising housing vacancy rates in China, and that...
Aug 11, 2022
Zurich reports consensus-beating 25% jump in H1 operating profit
BERLIN (Reuters) - Zurich reported a better-than-expected 25% rise in operating profit to $3.39 billion in the first half on Thursday, with both its property and casualty and its life businesses outpe...
Aug 11, 2022
Credit Suisse moves English court in $440 million SoftBank dispute
(Reuters) - Swiss lender Credit Suisse Group AG sought the English High Court last week to initiate formal legal proceedings against Japan's SoftBank Group Corp over a $440 million dispute, the Financ...
Aug 11, 2022
Deutsche Telekom’s quarterly results beat estimates on T-Mobile push
STOCKHOLM (Reuters) - Deutsche Telekom lifted its annual outlook for the second time and posted quarterly core profit above estimates on Thursday, supported by upbeat performances in its U.S. unit T-M...
Aug 11, 2022
Thyssenkrupp’s Q3 operating profit nearly triples on steel price rebound
FRANKFURT (Reuters) -Thyssenkrupp's third-quarter operating profit nearly tripled on the back of higher steel prices, the German conglomerate said on Thursday, but it added that it faced headwinds fro...
Aug 11, 2022
Daimler Truck sees higher earnings amid strong demand
BERLIN (Reuters) - Daimler Truck reported earnings before interest and taxes of 1.01 billion euros ($1.04 billion) in the second quarter, far exceeding analysts' expectations as high demand and positi...
Aug 11, 2022
Verizon’s internet services down for thousands of users – Downdetector
(Reuters) - Verizon Communications Inc's internet services were down for thousands of users on Thursday, according to outage tracking website Downdetector.com. There were more than two thousand incide...
Aug 11, 2022
Marketmind: Fed doesn’t see enough swallows for summer
A look at the day ahead in markets from Alun John Fed policymakers surged out of the traps last night, telling markets not to get too excited by the cooler-than-expected inflation reading, but to litt...
Aug 10, 2022
Fed’s Mary Daly says it’s too early to ‘declare victory’ on inflation fight – FT
(Reuters) - San Francisco Fed President Mary Daly warned it is far too early for the U.S. central bank to "declare victory" in its fight against inflation after new data showed a reprieve in consumer ...
Aug 10, 2022
Thai consumer mood at 5-month high in July
BANGKOK (Reuters) - Thai consumer confidence rose for a second straight month in July, reaching a five-month high, boosted by improved economic activity following an easing of COVID-19 curbs, but high...
Aug 10, 2022
Peoria, IL, USA
62 °F Partly cloudy
