Category Archives:
Arm China says its ousted CEO Wu is refusing to pack up
By Josh Ye HONG KONG (Reuters) - Arm China said on Thursday its former CEO Allen Wu was refusing to relinquish his role despite being fired last week and that it would overhaul its communication syste...
May 05, 2022
BMW Q1 profit lifted by Chinese joint venture, strong pricing
LONDON (Reuters) - BMW said on Thursday its first-quarter profit soared thanks to a reevaluation of the German carmaker's stake in its Chinese joint venture, while strong pricing offset lower sales hi...
May 05, 2022
Credit Suisse puts Bermuda court case hit at around $600 million
ZURICH (Reuters) - Credit Suisse expects a Bermuda court case to cost it around $600 million, the Swiss bank said in its first-quarter financial report released on Thursday, specifying earlier remarks...
May 05, 2022
Air France-KLM beats earnings forecasts as summer bookings take off
PARIS (Reuters) -Air France-KLM posted a first-quarter core profit that landed ahead of its own forecasts, fuelled by a recovery in ticket sales and lower unit costs, the Franco-Dutch airline group sa...
May 05, 2022
AB InBev beats expectations with more beer, higher prices
BRUSSELS (Reuters) - Anheuser-Busch InBev reported higher than expected earnings in the first quarter on Thursday, as consumers bought more of its beer and accepted higher prices. The world's largest ...
May 05, 2022
Explainer: Why NOPEC, the U.S. bill to crush the OPEC cartel, matters
By Timothy Gardner WASHINGTON (Reuters) - A U.S. Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partne...
May 05, 2022
Analysis-Qatar scores as World Cup host but may not net long-term goals
By Andrew Mills DOHA (Reuters) - Tucked behind Doha's $300-million Lusail Boulevard, where construction workers are toiling to transform desert into a Champs-Elysees-inspired commercial thoroughfare b...
May 05, 2022
Analysis: Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes
By David Randall (Reuters) - Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become more hawkish in coming months, though few see reason for l...
May 05, 2022
Fuel costs hurt Lufthansa’s Q1
FRANKFURT (Reuters) - Germany's flag carrier Lufthansa reported a bigger-than-expected quarterly loss on Thursday as rising fuel costs cancelled out revenue gains from booming travel demand after lift...
May 05, 2022
SocGen points to cost of Ukraine war with higher bad loan provisions
PARIS (Reuters) - French lender Societe Generale said on Thursday it would have additional costs as a result of the war in Ukraine because more customers would be unable to repay their loans, undersco...
May 04, 2022
Thu May 14
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