Category Archives:
Maersk sees weaker demand for shipping containers this year
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) - Shipping group Maersk said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quar...
Aug 03, 2022
Nintendo Q1 Switch sales slump 22% to 3.43 million units
By Sam Nussey TOKYO (Reuters) -Japan's Nintendo Co Ltd said on Wednesday it sold 22% less of its Switch consoles in the April-June quarter than a year earlier, while maintaining its forecast to sell 2...
Aug 03, 2022
UK regulator provisionally clears NortonLifeLock-Avast $8.6 billion deal
(Reuters) - Britain's Competition and Markets Authority (CMA) said on Wednesday it provisionally cleared cybersecurity company NortonLifeLock's $8.6 billion purchase of peer Avast Plc. Following a mor...
Aug 03, 2022
Japan’s Nomura Q1 net profit slumps 96.5% on market headwinds
TOKYO (Reuters) - Nomura Holdings Inc, Japan's biggest brokerage and investment bank, on Wednesday reported a 96.5% drop in first-quarter net profit as financial market turbulence battered investment ...
Aug 03, 2022
Analysis-As wheat prices soar, the world’s consumers vote with their feet
By Naveen Thukral and Bernadette Christina SINGAPORE/JAKARTA (Reuters) - Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies...
Aug 03, 2022
Russian services sector records fastest output growth in over a year -PMI
MOSCOW (Reuters) - Russia's services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong domestic demand outweighed slumping export orders...
Aug 03, 2022
Incumbent Republican congressman Meijer concedes to Trump-endorsed Gibbs in Michigan primary
WASHINGTON (Reuters) - U.S. Representative Peter Meijer conceded to Trump-endorsed primary challenger John Gibbs for the Republican Party's nomination in a Michigan congressional district. "This was a...
Aug 03, 2022
Thai business group keeps 2022 growth outlook at 2.75 to 3.5%
BANGKOK (Reuters) - Thailand's leading joint business group said on Wednesday the economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports and tourism, but it faces risin...
Aug 03, 2022
Infineon quarterly revenue beats, lifts 2022 outlook on chip demand
BERLIN/STOCKHOLM (Reuters) -Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to...
Aug 03, 2022
BMW sees earnings margin drop amid China JV consolidation
BERLIN (Reuters) - BMW saw a drop in its automotive margin on earnings before interest and taxes to 8.2% from 15.8% last year as the consolidation of its Chinese joint venture BMW Brilliance dampened ...
Aug 03, 2022
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