Category Archives:
China to repay more depositors to defuse rural bank scandal
BEIJING (Reuters) -Chinese regulators took fresh steps on Thursday to defuse anger over a banking fraud that has sparked high-profile protests, by announcing a second round of repayments to depositors...
Jul 21, 2022
Mike Ashley’s Frasers Group expects higher profit next year
(Reuters) -Frasers Group, Mike Ashley's sportswear and fashion group, said on Thursday it expected higher profit next year after 2022 earnings came in at the upper end of its guidance. The retailer fo...
Jul 21, 2022
IG Group posts higher profit as market volatility surges
(Reuters) - Online trading platform IG Group reported higher annual profit on Thursday, as the Ukraine crisis fuelled market volatility while the company's total active clients increased. The London-l...
Jul 21, 2022
Inflation surge pushes up Britain’s budget deficit
By Andy Bruce and William Schomberg LONDON (Reuters) -A surge in debt costs pushed up by soaring inflation to twice their previous monthly peak added to Britain's budget deficit in June, which was its...
Jul 21, 2022
Bankinter’s Q2 net profit rises 21% on like-for-like basis
By Jess Aguado MADRID (Reuters) -Spain's Bankinter on Thursday said its second quarter net profit rose 21% compared to same period a year ago when stripping out a 2021 hefty accounting gain from the m...
Jul 21, 2022
Facebook’s growth woes in India: too much nudity, not enough women
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) - On Feb. 2, when Meta Platforms reported Facebook's first-ever quarterly drop in daily users, its finance chief identified higher mobile data ...
Jul 21, 2022
Exclusive: Citi, Raiffeisen, other foreign banks seek staff in Russia as they struggle to exit
MOSCOW (Reuters) - Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International, have started looking for staff this month after Russian authorities moved to block them exiting t...
Jul 21, 2022
AngloAmerican Q2 production falls 9% on lower copper grades
(Reuters) - Global miner Anglo American on Thursday reported a 9% fall in second-quarter output on likely lower grades in copper and lack of water availability in Chile as well as planned maintenance ...
Jul 21, 2022
Mitchells & Butlers flags challenging business environment on cost pressures
(Reuters) - British restaurant and pub operator Mitchells & Butlers on Thursday flagged a challenging trading environment due to surging costs in the aftermath of the Ukraine conflict and low consumer...
Jul 21, 2022
Reaction to China imposing $1.2 billion fine on Didi Global
(Reuters) - China's cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated laws including ones pertaining to ...
Jul 21, 2022
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