Category Archives:
Generali commits to deliver on targets to 2024 after 9-month beat
MILAN (Reuters) -Italy's top insurer Assicurazioni Generali said on Thursday its nine-month results beat estimates and confirmed its commitment to deliver on all targets of its business plan to 2024. ...
Nov 10, 2022
Swiss bank Vontobel’s nine month outflows at $3.5 billion; to step up cost cuts
ZURICH (Reuters) - Swiss wealth and asset manager Vontobel Holding saw new money outflows of 3.4 billion Swiss francs ($3.46 billion) in the first nine months of this year, it said on Thursday, adding...
Nov 10, 2022
Rise and fall of crypto exchange FTX
(Reuters) - Cryptocurrency exchange FTX stood on the brink of failure on Thursday after a bailout from larger rival Binance collapsed. Chief executive Sam Bankman-Fried said he was exploring all optio...
Nov 10, 2022
Indonesia plans to tighten oversight of crypto market, task OJK with regulation
JAKARTA (Reuters) - Indonesia plans to move the regulation, supervision and oversight of cryptocurrency investments to the Financial Service Authority (OJK) to better protect investors, its finance mi...
Nov 10, 2022
Robinhood has no direct exposure to FTX, says CEO
SINGAPORE (Reuters) - Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter. "Despite SBF having an equity stake in Robinhood, we have no direct ex...
Nov 10, 2022
Apple supplier Foxconn records 5% rise in Q3 profit, sees flattish Q4
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) - Apple Inc supplier and iPhone assembler Foxconn said on Thursday it expected flattish revenue in the fourth quarter, as the company grapples with COVID...
Nov 10, 2022
French drugmaker Valneva to cut 20%-25% of workforce
(Reuters) - French drugmaker Valneva said on Thursday it was expecting to reduce 20% to 25% of its existing workforce as part of a revamp strategy. The group, which develops, manufactures and distribu...
Nov 10, 2022
ArcelorMittal’s Q3 profit beats expectations on energy savings
BRUSSELS (Reuters) - ArcelorMittal, the world's second largest steelmaker, on Thursday reported higher than expected third-quarter earnings as cost cutting and energy savings offset declining demand. ...
Nov 10, 2022
Sberbank 10-month net profit tops 50 billion roubles under RAS, CEO says
(Reuters) - Russia's largest lender Sberbank's net profit for the first ten months of the year exceeded 50 billion roubles ($811.7 million) under Russian accounting standards, its chief executive said...
Nov 10, 2022
Deutsche Telekom raises guidance after bumper Q3
BERLIN (Reuters) - Deutsche Telekom nudged up its full-year guidance on Thursday as the U.S. dollar's appreciation helped buoy third-quarter profit and its T-Mobile USA business added customers. The t...
Nov 10, 2022
Peoria, IL, USA
45 °F Overcast
