Category Archives:
UK’s Capita to sell IT services business Trustmarque for $149 million
(Reuters) - British outsourcer Capita Plc said on Friday it would sell its IT services and solutions business Trustmarque to private equity firm One Equity Partners for 111 million pounds ($148.64 mil...
Jan 28, 2022
Carmaker Stellantis flags improved business performance in China
PARIS (Reuters) - Carmaker Stellantis on Friday said that its business performance in China improved markedly in 2021, with its Dongfeng Peugeot Citroen Automobile selling more than 100,000 vehicles. ...
Jan 28, 2022
Lighting maker Signify’s Q4 profit up despite high raw material costs
AMSTERDAM (Reuters) - Signify NV, the world's largest lighting maker, reported a 6% increase in fourth-quarter core earnings on Friday, as higher sales offset a rapid increase in the prices of raw mat...
Jan 28, 2022
Electrolux Q4 profit falls
STOCKHOLM (Reuters) - Sweden's Electrolux reported on Friday a drop in fourth-quarter operating profit and said it expects demand levels to be above pre-pandemic levels in 2022. Operating profit at Eu...
Jan 28, 2022
Truck maker AB Volvo Q4 core profit matches forecast
STOCKHOLM (Reuters) - Swedish truck maker AB Volvo reported fourth-quarter core earnings in line with market expectations on Friday and said demand for trucks across key regions remained high. Adjuste...
Jan 28, 2022
H&M’s September-November profit rises more than expected
STOCKHOLM (Reuters) - Sweden's H&M reported on Friday a bigger pretax profit than expected for the September-November period, its fiscal fourth quarter. Pretax profit at the world's second-biggest fas...
Jan 28, 2022
Credit Suisse expects 50 bps cut in China’s first-half reserve requirement ratio
(Reuters) - Credit Suisse economists expect a further 50 basis point (bps) cut in China's reserve requirement ratio (RRR) in the first half of 2022, given the Asian economy is starting to ease policy ...
Jan 28, 2022
Exclusive-China regulator talks to foreign banks to soothe economic concerns -sources
By Xie Yu and Selena Li HONG KONG (Reuters) -The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and asset managers to reassure them about the ...
Jan 28, 2022
French 2021 economic growth strongest in 52 years at 7%
PARIS (Reuters) - France saw its strongest growth in over five decades last year as the euro zone's second-biggest economy bounced back from the COVID-19 crisis faster than expected, official data sho...
Jan 28, 2022
Telecom operator Telia’s core earnings beat expectations
STOCKHOLM (Reuters) - Nordic telecom operator Telia reported quarterly core earnings ahead of market expectations on Friday, helped by growth in service revenue in several markets. The company's fourt...
Jan 28, 2022
Peoria, IL, USA
44 °F Overcast
