Category Archives:
Morgan Stanley profit falls as deals drought extends
(Reuters) -Morgan Stanley on Friday reported a drop in third-quarter profit, as a slowdown in global dealmaking hurt the investment bank's core underwriting business, sending shares down 3% before the...
Oct 14, 2022
Credit Suisse capital gap conundrum draws analyst answers
By Noele Illien ZURICH (Reuters) - As Credit Suisse finalises a much-anticipated restructuring, analysts are crunching the numbers on how much capital the bank may need and suggesting how best to plug...
Oct 14, 2022
Global inflation causing ‘horrifying’ food insecurity, says IMF Africa head
By Rachel Savage, Marc Jones and Jorgelina do Rosario JOHANNESBURG/LONDON (Reuters) - Africa's central banks are walking a tightrope trying to curb inflation that is mostly out of their control and ca...
Oct 14, 2022
Kroger to acquire rival Albertsons in near $25 billion deal
(Reuters) - Supermarket chain Kroger Co said on Friday it will buy smaller rival Albertsons Companies Inc in a $24.6 billion deal. (Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath...
Oct 14, 2022
Stellantis output in Italy to fall in 2022 for a fifth year, union says
MILAN (Reuters) - Carmaker Stellantis is expected to see its vehicle production in Italy fall for a fifth year in a row in 2022, mainly due to stoppages caused by a prolonged crunch in chip supply, th...
Oct 14, 2022
Wells Fargo profit falls on higher loan loss reserves
(Reuters) -Wells Fargo & Co on Friday reported a decline in profit for the third quarter as the bank set aside more money in preparation for a hit from a potential economic slowdown. Provision for cre...
Oct 14, 2022
JPMorgan profit down 17% as dealmaking slumps
(Reuters) -JPMorgan Chase & Co reported a 17% drop in third-quarter profit on Friday, as rising U.S. interest rates sapped the appetite for deals and weighed on its investment-banking arm. Profit for ...
Oct 14, 2022
UK climate change protesters throw soup at van Gogh’s ‘Sunflowers’
LONDON (Reuters) -Climate change protesters on Friday threw soup over Vincent van Gogh's painting "Sunflowers" at London's National Gallery, the Just Stop Oil campaign group said. A video posted by th...
Oct 14, 2022
Woolworths says data of online unit’s 2.2 million users breached
(Reuters) - Australia's Woolworths Group Ltd said on Friday its majority-owned online retailer MyDeal identified that a "compromised user credential" was used to access its systems that exposed data o...
Oct 14, 2022
Texas Teachers’ Pension to cut China target allocation
(Reuters) - The $184 billion Texas Teachers' pension fund is set to settle on a new emerging markets stock benchmark, a move that will cut its exposure to Chinese stocks by half. Teacher Retirement Sy...
Oct 14, 2022
Peoria, IL, USA
42 °F Sunny
