Category Archives:
Supply chain bottleneck to linger through 2022, says ECB’s Rehn
FRANKFURT (Reuters) - Supply chain bottlenecks that are dampening euro zone growth and pushing up inflation will linger throughout 2022, European Central Bank policymaker Olli Rehn said on Friday. Sig...
Nov 12, 2021
Shares of embattled China Evergrande Group rise to 1-1/2-month high
HONG KONG (Reuters) - Shares of China Evergrande Group extended gains to as much as 16% on Friday afternoon to the highest since Sept. 30, after the cash-strapped developer once again averted a destab...
Nov 12, 2021
AstraZeneca vaccine turns profitable in Q3, drugmaker banking on new orders
(Reuters) - AstraZeneca's COVID-19 vaccine contributed one cent to earnings per share in the third quarter and it expects the shot to move to "modest profitability" on new orders after the drugmaker o...
Nov 12, 2021
Hapag-Lloyd nine-month net profit soars over 10-fold on record freight rates
FRANKFURT (Reuters) - German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacities and...
Nov 12, 2021
Japan’s Mizuho Financial Group posts 79% jump in H1 profit
TOKYO (Reuters) - Mizuho Financial Group, Japan's third-largest lender by assets, said on Friday its half-year net profit rose 79% in a year marred by technical glitches at its retail banking unit. Th...
Nov 12, 2021
Asian bonds receive lowest foreign flows this year in Oct
By Gaurav Dogra (Reuters) - Asian bonds received lowest foreign inflow this year in October, hit by concerns over higher inflation levels and a slowdown in China's economy. Overseas investors purchase...
Nov 12, 2021
Deutsche Telekom core profit beats estimates; full-year outlook raised
By Supantha Mukherjee STOCKHOLM (Reuters) - Deutsche Telekom reported core profit above market estimates on Friday and raised its full-year outlook for the third time, boosted by its U.S. unit T-Mobil...
Nov 12, 2021
Apple supplier Foxconn’s Q3 profit beats estimates
TAIPEI (Reuters) - Taiwan's Foxconn, which assembles iPhones for Apple, reported a better-than-expected third-quarter profit on Friday, helped by strong demand for consumer electronics as people work ...
Nov 12, 2021
Richemont H1 numbers shine thanks to jewellery
ZURICH (Reuters) - Luxury goods group Richemont said on Friday volatility was likely to persist in the second half after net profit bounced back and sales grew by almost two thirds at constant exchang...
Nov 12, 2021
Russian e-commerce venture SberMarket’s transaction volumes triple
(Reuters) - The e-commerce arm of Russia's largest lender, Sberbank, said on Friday its transaction volumes tripled in the third quarter, helped by an expanding range of services it offers, including ...
Nov 12, 2021
Peoria, IL, USA
46 °F Light Rain, Mist
