Category Archives:
New Tsinghua Unigroup chairman promises fresh start for Chinese chip company
SHANGHAI (Reuters) - The new chairman of embattled Chinese chip conglomerate Tsinghua Unigroup promised a "new start" for the company in an open letter to staff published on Wednesday. In his first pu...
Jul 13, 2022
French “Livret A” bank savings rate could be doubled in August – Villeroy
PARIS (Reuters) - France's Livret A bank savings rate - held by millions of customers across the country - may be raised from 1% to 2% in August, the second rise of the year amidst a soaring inflation...
Jul 13, 2022
Cellnex withdraws offer to buy a stake in Deutsche Telekom’s towers unit
By Emma-Victoria Farr and Emma Pinedo LONDON/MADRID (Reuters) -Spain's Cellnex said on Wednesday it is no longer looking to buy a stake in Deutsche Telekom's towers business, paving the way for a comp...
Jul 13, 2022
China’s June exports rise 17.9% y/y, imports grow 1.0%
BEIJING (Reuters) - China's exports rose 17.9% in June from a year ago, beating analysts' expectations as the economy tries to wrestle back lost momentum from extensive COVID lockdowns and supply chai...
Jul 13, 2022
China Q2 GDP growth seen dipping to 1% on COVID hit, 2022 growth at 4% – Reuters poll
By Kevin Yao BEIJING (Reuters) - China's economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policy...
Jul 13, 2022
Orion raises outlook after Merck deal on developing prostate cancer drug
(Reuters) - Finnish drug maker Orion on Wednesday raised its full year outlook after it signed a collaboration agreement with Merck aimed at developing a prostate cancer drug candidate. Given the upfr...
Jul 13, 2022
UK economy jumps in May, boosted by busy doctors and hauliers
LONDON (Reuters) -Britain's economy expanded unexpectedly in May, driven by a rise in local doctor appointments and growth in other sectors although consumer-facing services fell slightly as inflation...
Jul 13, 2022
J D Wetherspoon flags annual loss as costs rise
(Reuters) -Britain's J D Wetherspoon on Wednesday flagged higher-than-expected losses for the current financial year as labour and fuel costs continue to weigh on its bottom line. Pubs and restaurants...
Jul 13, 2022
Recruiter PageGroup posts higher quarterly profit on robust hiring demand
(Reuters) -Global recruiter PageGroup Plc reported a 25.5% rise in quarterly profit on Wednesday, supported by strong hiring demand from companies amid staff shortages and higher resignations. The rec...
Jul 13, 2022
Column: Extreme dollar a wake-up call for earnings outlook – Mike Dolan
By Mike Dolan LONDON (Reuters) - The U.S. dollar's rampant surge may finally force corporate America to wake up to a brewing earnings recession. The investment puzzle of the summer so far is how spiki...
Jul 13, 2022
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