Category Archives:
Software AG CEO sees operating profit margin in high twenties in medium term
BERLIN (Reuters) - Software AG is aiming for an operating profit margin in the high twenties percentage range in the medium term, Chief Economist Sanjay Brahmawar said on Monday. Last week, private-eq...
Apr 24, 2023
Philippines sticks to its 5-year GDP growth targets on economic momentum
By Neil Jerome Morales MANILA (Reuters) - The Philippines on Monday maintained its economic growth targets over the next five years, citing momentum from increased domestic demand and better labour co...
Apr 24, 2023
UBS retains risk chief to bolster controls for Credit Suisse deal
ZURICH (Reuters) -Switzerland's UBS said on Monday it will retain Christian Bluhm as chief risk officer for the "foreseeable future" as it bolsters controls during the takeover of Credit Suisse. Chief...
Apr 24, 2023
Bank of Korea’s Rhee says some short-term rates have fallen more than expected
SEOUL (Reuters) -The head of South Korea's central bank said on Monday some short-term interest rates had fallen more than he had expected, adding it was probably due to a shift in funds en masse in s...
Apr 24, 2023
Citigroup’s Asia Q1 wealth revenue rises 20% on strong private banking growth
HONG KONG (Reuters) - Citigroup's Asia wealth revenues increased 20% in the first quarter of 2023, backed by investment gains and strong acquisition of new private banking clients, according to a comp...
Apr 24, 2023
Artists give new life to Ivory Coast’s neglected ‘Pyramid’
By Loucoumane Coulibaly ABIDJAN (Reuters) - International and local artists paint giant, colourful murals on the exterior of a 15-storey building in Ivory Coast's commercial capital called "the Pyrami...
Apr 24, 2023
Bed Bath & Beyond shares sink 47% in Frankfurt after filing for bankruptcy protection
LONDON (Reuters) - Bed Bath & Beyond Inc Frankfurt-listed shares fell 47% on Monday after the U.S. home goods retailer filed for bankruptcy protection. Bed Bath & Beyond Inc filed for Chapter 11 bankr...
Apr 24, 2023
Philips makes $631 million provision for recall litigation costs
AMSTERDAM (Reuters) -Dutch health technology company Philips on Monday said it had set aside 575 million euros ($631 million) for possible litigation costs related to its global recall of respiratory ...
Apr 24, 2023
China to test out 3D printing technology on moon to build habitats
BEIJING (Reuters) - China will explore using 3D printing technology to construct buildings on the moon, the official China Daily reported on Monday, as Beijing solidifies plans for long-term lunar hab...
Apr 24, 2023
Japan’s Nidec posts first quarterly loss in 10 years
TOKYO (Reuters) - Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade, of 24.3 billion yen ($181.01 million), as restructuring costs hurt results. ...
Apr 24, 2023
Peoria, IL, USA
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