Category Archives:
Mercedes-Benz raises outlook after higher Q2 earnings
BERLIN (Reuters) - Mercedes-Benz expects a significant rise in revenues and slightly higher earnings in 2022 than last year, raising its outlook as the firm reported on Wednesday an 8% jump in second-...
Jul 27, 2022
Deutsche Bank extends profit streak in Q2
FRANKFURT (Reuters) -Deutsche Bank posted a better-than-expected 51% rise in second-quarter profit as investment banking revenues rose, figures on Wednesday showed. Net profit attributable to sharehol...
Jul 27, 2022
S. Korea central bank member affirms tightening outlook, notes downside risks
SEOUL (Reuters) - A South Korean central-bank board member affirmed on Wednesday that interest rates should rise further but added that increases should be gradual, since downside risks to both export...
Jul 27, 2022
Fed to unveil another big rate hike as signs of economic slowdown grow
By Howard Schneider WASHINGTON (Reuters) - With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shi...
Jul 27, 2022
Analysis-Investors gauge U.S. stocks rebound: ‘suckers’ rally’ or market bottom?
By David Randall NEW YORK (Reuters) - As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long U.S. stock market rally that follow...
Jul 27, 2022
Credit Suisse names Koerner as CEO, sets strategic review
ZURICH (Reuters) - Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as i...
Jul 27, 2022
Sci-fi villain ‘Predator’ returns in action-thriller prequel ‘Prey’
By Hanna Rantala LONDON (Reuters) - Thirty-five years after the extraterrestrial monster movie "Predator" made its first outing, the creature is back in action in the upcoming film "Prey". Directed by...
Jul 26, 2022
Credit Suisse swaps out CEO, launches strategy review amid big Q2 loss
ZURICH (Reuters) -Credit Suisse named asset management expert Ulrich Koerner as its new chief executive, the latest sign of churn at the Swiss bank that on Wednesday announced a sweeping strategic rev...
Jul 26, 2022
LG Display swings to a loss as inflation puts brakes on pandemic-led demand
SEOUL (Reuters) - South Korea's LG Display Co Ltd swung on Wednesday to a loss in the second quarter from a profit a year earlier, as inflation and rate hikes hurt demand for panels used in TVs and IT...
Jul 26, 2022
Thai exports beat forecast in June on high global demand, weak baht
BANGKOK (Reuters) - Thailand's customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, the commerce minister sai...
Jul 26, 2022
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