Category Archives:
Lufthansa raises 2022 profit forecast, shares rise
(Reuters) - Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around 1.5 billion euros ($1.58 billion) in 2022, the German flag carrier said in a statement on Tuesday....
Dec 13, 2022
Binance halts withdrawals of major USDC stablecoin
LONDON (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had "temporarily paused" withdrawals of the major stablecoin USDC. "On USDC, we have seen an increase in withdrawals...
Dec 13, 2022
Deutsche Bank: Claims in Postbank case remain unfounded
FRANKFURT (Reuters) - Deutsche Bank said on Tuesday that claims in a years-long litigation over its takeover of Postbank remain unfounded. (Reporting by Tom Sims and Marta Orosz, editing by Rachel Mor...
Dec 13, 2022
Chinese automaker Geely’s premium electric car brand Zeekr files for U.S. IPO
(Reuters) - China's Geely Automobile on Tuesday said its upmarket electric car brand, Zeekr, had confidentially filed for a U.S. initial public offering on Dec. 7, in what would be the first major Chi...
Dec 13, 2022
2023 to be most promising for bonds in over a decade-Goldman AM
LONDON (Reuters) - The year ahead is shaping up as the most promising for fixed income in over a decade, Gurpreet Gill, macro strategist, global fixed income at Goldman Sachs Asset Management said on ...
Dec 13, 2022
Berkshire Hathaway sells $34.4 million worth of shares in China’s BYD
HONG KONG (Reuters) - Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.33 million Hong Kong-listed shares of electric vehicle maker BYD for HK$267.69 million ($34.43 mill...
Dec 13, 2022
Hit by COVID wave, companies in China strain to keep operations running normally
By Joe Cash, Ellen Zhang and Sophie Yu BEIJING (Reuters) - From e-commerce giant JD.com to cosmetics brand Sephora, companies in China are rushing to minimise the impact of surging COVID infections - ...
Dec 13, 2022
Italy October industry output falls more than expected for second month running
ROME, Dec 13 (Reuters) - Italian industrial output fell more than expected in October after plunging the month before, data showed on Tuesday getting the fourth quarter off to a bad start and fueling ...
Dec 13, 2022
European shares subdued ahead of U.S. inflation data
By Amruta Khandekar (Reuters) -European shares were subdued on Tuesday as investors refrained from making big bets ahead of consumer inflation data from the United States, a crucial report ahead of th...
Dec 13, 2022
Swiss gov’t expects economic slowdown in 2023 but no recession
ZURICH (Reuters) - The Swiss government expects the country's economic growth to slow next year although it should avoid a recession, it said on Tuesday, with no energy shortages causing widespread pr...
Dec 13, 2022
Peoria, IL, USA
69 °F Thunderstorm In Vicinity
