Category Archives:
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
Hurricane Nicole bears down on Florida’s Atlantic coast
By Brian Ellsworth MIAMI (Reuters) - Hurricane Nicole closed in on Florida's Atlantic shoreline early on Thursday with a brew of heavy downpours, fierce winds and a treacherous surge of ocean surf tha...
Nov 10, 2022
Credit Agricole Q3 profit beats forecast despite asset outflows
PARIS (Reuters) - Credit Agricole joined French and European rivals in reporting higher than expected profits in the third quarter, driven mainly by a rise in corporate loans and consumer finance reve...
Nov 10, 2022
Biden’s COP27, G20 plans: Talk to Xi, pressure Russia, contain North Korea
By Nandita Bose and Steve Holland WASHINGTON (Reuters) - President Joe Biden starts a week-long trip to Egypt and Asia on Thursday to grapple with some of the United States' thorniest foreign policy i...
Nov 10, 2022
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