Category Archives:
Huawei 2021 profit leaps 76% on asset sales; CFO Meng returns to spotlight
By Josh Horwitz SHANGHAI (Reuters) - Huawei Technologies on Monday reported asset sale gains helped lift profit 76% in 2021, turning in its first set of results under Chief Financial Officer Meng Wanz...
Mar 28, 2022
Exclusive-Crisis-hit Sri Lanka seeks further $1 billion credit line from India -sources
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Mond...
Mar 28, 2022
Ratings firm S&P Global cuts euro zone growth forecast to 3.3%
LONDON (Reuters) - Credit rating agency S&P Global cut its euro zone growth forecast for the year on Monday to 3.3% from 4.4% previously, saying higher energy prices caused by the Russia-Ukraine war w...
Mar 28, 2022
Exclusive-Sea’s e-commerce arm Shopee to shut down India operations -statement
By Fanny Potkin SINGAPORE (Reuters) - Shopee, the e-commerce arm of Southeast Asia's Sea Ltd, said in a statement on Monday that it is closing down its India operations "in view of global market uncer...
Mar 28, 2022
Barclays hit by $590 million loss on bond blunder
LONDON (Reuters) - British bank Barclays disclosed on Monday around a 450 million pound ($591.80 million) loss on mishandled structured products and said this meant it would have to delay a share buyb...
Mar 28, 2022
Violent outburst upstages Oscar’s return from pandemic
By Steve Gorman LOS ANGELES (Reuters) - The Academy Awards telecast was packed with much of what got left out of last year's pandemic-hindered show, offering a trio of women hosts, a return to lavish ...
Mar 28, 2022
Former aircraft designer Shimada may find silver lining in Toshiba gloom
By Makiko Yamazaki TOKYO (Reuters) - The crisis at Toshiba Corp may have a silver lining for new boss Taro Shimada, allowing him to keep - at least for now - businesses pivotal to his digital strategy...
Mar 28, 2022
UK’s Ted Baker rebuffs U.S. PE firm’s takeover proposals
(Reuters) -Britain's Ted Baker said on Monday it had rejected unsolicited non-binding takeover proposals from private-equity firm Sycamore Partners Management as they significantly undervalued the fas...
Mar 28, 2022
Ericsson shareholder Cevian to vote against board members at AGM
STOCKHOLM (Reuters) - Activist investor Cevian Capital, one of Ericsson's largest shareholders, said on Monday it will vote against granting discharge to the company's board members, as well as its pr...
Mar 28, 2022
Heineken to exit its Russian operations
(Reuters) - Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia, after previously saying it would halt new investments and exports there. "We have concluded that ...
Mar 28, 2022
Peoria, IL, USA
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