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NortonLifeLock’s $8.6 billion Avast deal faces in-depth UK probe
(Reuters) -U.S. cybersecurity firm NortonLifeLock Inc's $8.6 billion purchase of rival Avast Plc will face an in-depth probe by Britain if competition concerns are not addressed, the UK anti-trust reg...
Syndicated Content Mar 16, 2022
Marketmind: A (potentially) historic day
A look at the day ahead in markets from Dhara Ranasinghe. The day ahead is all about the United States and Russia and possibly it's also a day of firsts, for very different reasons. So, where do we st...
Syndicated Content Mar 16, 2022
COVID curbs bite at Chinese ports, threatening global supply chains
By Joe Brock SINGAPORE (Reuters) - The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh w...
Syndicated Content Mar 16, 2022
Malaysia’s AirAsia X completes debt restructure, to write back nearly $8 billion to profit
(Reuters) - Malaysia's Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits in the next quarter. Under the airli...
Syndicated Content Mar 16, 2022
BMW cuts 2022 profit forecast for car segment due to Ukraine war
BERLIN (Reuters) - BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday. BMW Group now predicts growth of ear...
Syndicated Content Mar 16, 2022
Exclusive: Tesla stops work at Shanghai factory for two days amid China COVID curbs – internal notice
SHANGHAI (Reuters) - Electric vehicle giant Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as China tightens COVID restric...
Syndicated Content Mar 16, 2022
Standard Bank to stop financing for new coal, oil power plants
JOHANNESBURG (Reuters) - Standard Bank will stop financing all new coal- and oil-fired plants in most circumstances and reduce its fossil fuel exposure over time as part of a plan to reach net-zero by...
Syndicated Content Mar 16, 2022
Inditex says 2021 net profit more than doubled from 2020
MADRID (Reuters) - Zara owner Inditex reported on Wednesday its net profit more than doubled in 2021 to 3.2 billion euros ($3.51 billion) after its sales almost recovered from the pandemic as many cou...
Syndicated Content Mar 16, 2022
Apple supplier Foxconn’s Q4 profit beats estimates
TAIPEI (Reuters) -Taiwan's Foxconn, the world's largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth-quarter profit on Wednesd...
Syndicated Content Mar 16, 2022
Japan eyeing fresh stimulus package to weather surging fuel prices -Kyodo
TOKYO (Reuters) - Japan is considering compiling a fresh economic stimulus package centred on easing the pain from high energy costs, which are expected to persist given the conflict in Ukraine, Kyodo...
Syndicated Content Mar 16, 2022
Peoria, IL, USA
60 °F Partly cloudy
