Category Archives:
Swiss National Bank posts biggest ever first half loss
ZURICH (Reuters) -The Swiss National Bank reported a first half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six month loss posted by the central bank since it was set up...
Jul 29, 2022
Russia’s Sakhalin Energy tells LNG buyers to pay via Moscow bank
SINGAPORE (Reuters) - Russia's Sakhalin Energy Investment Co has asked its liquefied natural gas (LNG) customers to make payments via a Moscow unit of a European bank and is negotiating to switch paym...
Jul 29, 2022
Apple faces lukewarm demand in China after quarterly revenue drop -analysts
By Josh Horwitz SHANGHAI (Reuters) - Apple should brace for a weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday, after the iPhone maker said d...
Jul 29, 2022
EssilorLuxottica Q2 revenue grows despite headwinds
(Reuters) - Luxury eyewear maker EssilorLuxottica reported on Friday a jump in second-quarter revenues, citing sound growth in all regions, despite a challenging environment. The maker of Oakley and R...
Jul 29, 2022
Air France-KLM cuts capacity levels on ‘operational challenges’
By Dina Kartit and Juliette Portala (Reuters) - Air France-KLM downgraded on Friday its capacity forecast for the third quarter, citing operational difficulties at airports that could weigh on the gro...
Jul 29, 2022
S.Korea’s Hyundai Motor Group plans to raise stake in startup – report
SEOUL (Reuters) - South Korea's Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a new...
Jul 29, 2022
Swiss Re net profit down 85% in first half of year
FRANKFURT (Reuters) - Swiss Re posted an 85% fall in net profit in the first half of the year, the reinsurance company said on Friday, hurt by the effect of the war in Ukraine and volatile markets. Th...
Jul 29, 2022
Russia exit puts Renault in the red for H1, but 2022 outlook upgraded
PARIS (Reuters) - Carmarker Renault took a 1.357 billion euro ($1.39 billion) net loss in the first half of this year from the cost of closing its Russian business in the wake of the Ukraine war, but ...
Jul 29, 2022
Marketmind: The consumer’s deep pockets and short arms
A look at the day ahead in markets from Anshuman Daga. If markets were looking for more news to support the recent Fed-induced optimism, then earnings scorecards from Apple and Amazon provided the boo...
Jul 29, 2022
ECB nemesis Kerber weighs action against new debt shield
By Frank Siebelt FRANKFURT (Reuters) - The German academic behind the European Central Bank's biggest court setback is weighing legal action against the ECB's new bond-market shield, which he sees as ...
Jul 29, 2022
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