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Chip shortage prompts production halt at Volvo Cars in Gothenburg
STOCKHOLM (Reuters) - Volvo Cars, owned by China's Geely Holding, will temporarily stop production at its Swedish plant in Gothenburg due to the shortage of semiconductor chips, it said on Wednesday. ...
Syndicated Content Aug 11, 2021
DeFi platform Poly Network reports hacking, loses estimated $600 million
HONG KONG (Reuters) - Poly Network, a decentralised finance platform, said it was hacked on Tuesday, losing an estimated $600 million according to reports of funds held in complicit wallets. The hack ...
Syndicated Content Aug 11, 2021
Deliveroo reports doubling in gross order value in first half
LONDON (Reuters) - Food delivery company Deliveroo said the value of orders on its platform more than doubled in the first half, with no material impact from the wider reopening of restaurants in its ...
Syndicated Content Aug 11, 2021
Analysis-Shoots of greenflation spring new challenges on portfolio managers
By Sujata Rao and Simon Jessop LONDON (Reuters) - From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as 'greenflation' takes a grip, adding a n...
Syndicated Content Aug 11, 2021
Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats
AMSTERDAM (Reuters) - Dutch bank ABN Amro said on Wednesday it would resume dividend payments as an economic recovery in the Netherlands had helped a stronger-than-expected bounce in net profit. Amste...
Syndicated Content Aug 11, 2021
Thyssenkrupp swings to Q3 profit, asks for time on steel
FRANKFURT (Reuters) - Thyssenkrupp on Wednesday swung to an operating profit in the third-quarter on the back of high materials prices and demand from the car sector, but cautioned the positive impact...
Syndicated Content Aug 11, 2021
Analysis-Investors look under the radar for winners from U.S. infrastructure bill
By David Randall NEW YORK (Reuters) - Investors are ramping up the search for stocks that could benefit from a potential splurge in infrastructure spending, as a $1 trillion bipartisan bill https://ww...
Syndicated Content Aug 11, 2021
How Sweden became the Silicon Valley of Europe
By Colm Fulton and Supantha Mukherjee STOCKHOLM (Reuters) - As Klarna's billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast...
Syndicated Content Aug 11, 2021
Debt-laden Evergrande says in sale talks for certain assets; shares jump
HONG KONG/SHANGHAI (Reuters) - Shares of debt-ladden China Evergrande Group jumped on Wednesday after it confirmed that it is in talks to sell certain assets, as the move could ease cashflow pressure ...
Syndicated Content Aug 10, 2021
Lenovo Q1 profit more than doubles, beats expectations
By Brenda Goh SHANGHAI (Reuters) -China's Lenovo Group Ltd, the world's biggest maker of personal computers, on Wednesday posted a better-than-expected jump in first-quarter profit as COVID-19 curbs c...
Syndicated Content Aug 10, 2021

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