Category Archives:
ECB raises capital demands for 20 banks over bad loans
FRANKFURT (Reuters) -The European Central Bank said on Tuesday it had raised capital requirements for 20 banks after judging they had not set aside enough cash to cover for loans that had gone unpaid,...
Dec 19, 2023
Travel and leisure stocks lift European shares, focus on inflation data
(Reuters) - European shares rose on Tuesday led by technology and travel and leisure stocks, with investors gearing up for an inflation print out of the euro zone to gauge when interest rate cuts migh...
Dec 19, 2023
ByteDance denies reports it plans to acquire Alibaba’s food delivery business
SHANGHAI (Reuters) - ByteDance said on Tuesday that it is not in talks with Alibaba to acquire its Ele.me food delivery business. A spokesperson said the tech firm also "does not have plans to talk wi...
Dec 19, 2023
India’s $245 billion IT sector swallows tougher terms amid scramble for contracts
By Sai Ishwarbharath B BENGALURU - India's information technology firms are accepting tougher contract terms to win large deals from clients as they compete for fewer orders in an uncertain global eco...
Dec 19, 2023
Hyundai Motor says to sell Russia plant for token amount
SEOUL (Reuters) - South Korean automaker Hyundai Motor plans to sell its plant in Russia for 7,000 roubles ($77.67), a Hyundai Motor official said on Tuesday. ($1 = 90.1300 roubles) (Reporting by Hyun...
Dec 19, 2023
Investors dumped cash and bought stocks in December – BofA
LONDON (Reuters) - Investors turned more bullish in December, buying stocks and reducing cash holdings on expectations the U.S. Federal Reserve has finished raising interest rates and the global econo...
Dec 19, 2023
TSMC chairman to retire next year, board recommends CEO as successor
TAIPEI (Reuters) - TSMC, the world's largest contract chipmaker, said on Tuesday that its chairman Mark Liu would retire next year and the board had recommended as his successor the company's current ...
Dec 19, 2023
Large Icelandic volcano eruption misses local town
COPENHAGEN (Reuters) - Lava from a large volcanic eruption in Iceland appeared to flow away from the only town in the area, offering hope that homes would be spared, geologists and rescue officials sa...
Dec 19, 2023
Rare smog puts Sydney on par with New Delhi as bushfires rage
By Lewis Jackson SYDNEY (Reuters) - Air quality in Sydney plummeted on Tuesday to levels among the world's worst as smoke from bushfires in the north blanketed the harbour city, taking large swathes i...
Dec 19, 2023
In buying Toshiba, a little-known fund takes on Japan Inc’s toughest job
By Anton Bridge and Makiko Yamazaki TOKYO (Reuters) - A little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) ...
Dec 19, 2023
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