Category Archives:
Monte dei Paschi posts quarterly profit as it works to cut bad loans
MILAN (Reuters) - State-owned Italian bank Monte dei Paschi di Siena (MPS) posted a 17.5 million euro ($18 million) second-quarter profit after loan writedowns needed to ease disposals. In the first s...
Aug 05, 2022
Maersk to acquire Denmark-based logistics firm Martin Bencher Group
COPENHAGEN (Reuters) - Shipping group A.P. Moller-Maersk said on Friday it had agreed to buy Danish logistics company Martin Bencher Group in a deal valued at $61 million. "Martin Bencher will be an e...
Aug 05, 2022
Higher costs, inflation choke AngloGold’s first-half profit
JOHANNESBURG (Reuters) - AngloGold Ashanti's first-half earnings slumped 18% even as production increased, as inflation took a toll on its profit with the gold miner warning on Friday that costs were ...
Aug 05, 2022
UK house prices fall for first time in 13 months, Halifax says
LONDON (Reuters) - House prices in Britain fell for the first time in more than a year in July when they edged down by 0.1% from June, figures from mortgage lender Halifax showed on Friday. In annual ...
Aug 05, 2022
WPP raises net sales outlook again on strong client spending
LONDON (Reuters) - WPP, the world's largest advertising group, upgraded its full-year net sales outlook on Friday as it expects robust spending by clients across many industries in the United States a...
Aug 05, 2022
Dire performance of new Hong Kong listings clouds prospects for IPO pickup
By Scott Murdoch HONG KONG (Reuters) - The majority of stocks listed in Hong Kong since the start of last year are trading well below their initial selling prices, data showed, leaving investors out o...
Aug 05, 2022
Russia ready to discuss prisoner swap with U.S., Lavrov says
(Reuters) - Russian Foreign Minister Sergei Lavrov said on Friday that Moscow is ready to discuss prisoner exchanges with Washington through an existing diplomatic channel. "We are ready to discuss th...
Aug 05, 2022
Thai central bank to test retail digital currency late this year
BANGKOK(Reuters) - Thailand's central bank said on Friday it expected to test its retail digital currency from late this year to the middle of 2023, as an alternative payment option. During the testin...
Aug 05, 2022
Work stoppages and no chatting at lunch: Japan Inc grapples with COVID
By Rocky Swift and Satoshi Sugiyama TOKYO (Reuters) - Japanese companies are temporarily shutting offices or suspending production as they battle a record wave of COVID-19, disrupting businesses in a ...
Aug 05, 2022
Deutsche Post reports double-digit Q2 earnings growth
BERLIN (Reuters) -German logistics company Deutsche Post reported double-digit growth in revenue and earnings on Friday and confirmed its outlook for 2022, as its flourishing freight and express busin...
Aug 05, 2022
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