Category Archives:
Edmond de Rothschild to open advisory office in Dubai
By Hadeel Al Sayegh DUBAI (Reuters) -Edmond de Rothschild Group, which specialises in asset management and private banking, said on Tuesday it is expanding its presence in Dubai with an advisory offic...
Feb 28, 2023
Swiss economic growth flat in Q4 as exports and manufacturing drop
ZURICH (Reuters) - The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a "challenging international situation" hit manufacturing and exports. The 0% gr...
Feb 28, 2023
Analysis-Investors consider battle plans amid risk of China-Taiwan conflict
By Rae Wee and Tom Westbrook SINGAPORE (Reuters) - The threat of China invading Taiwan, long considered a highly improbable event, has moved to the centre of global money managers' risk radars and is ...
Feb 28, 2023
Pakistan central bank may hike rates another 200 bps to unlock IMF funds
By Ariba Shahid KARACHI, PAKISTAN (Reuters) - Pakistan's central bank is widely expected to raise its key policy rate by 200 basis points in an off-cycle meeting on Thursday as it struggles to unlock ...
Feb 28, 2023
Apple supplier Foxlink unlikely to resume full India operations for two months-source
By Praveen Paramasivam and Munsif Vengattil CHITTOOR, India (Reuters) - Apple supplier Foxlink's factory in southern India is unlikely to resume full operations for two months after a fire incident, r...
Feb 28, 2023
Norse Atlantic adds new US destinations from UK’s Gatwick as demand surges
LONDON (Reuters) - Norway-based airline Norse Atlantic said it will add Los Angeles, San Francisco, Washington, D.C., and Boston to its summer schedule from London Gatwick airport this year, as it see...
Feb 28, 2023
Audi will not cut EV prices to follow Tesla’s lead – Audi Europe chief
BERLIN (Reuters) - Audi has no plans to cut prices for its electric vehicles, German industry magazine Automobilwoche cited Audi Europe chief Jens Puttfarcken as saying, despite a similar move by mark...
Feb 28, 2023
Spain’s Santander raises three-year profitability target to 15%-17%
MADRID (Reuters) - Spain's Santander said on Tuesday it intends to raise its return on tangible equity ratio (ROTE) for the period 2023-2025 to between 15%-17% from a current 13.37% thanks to higher l...
Feb 28, 2023
SABIC’s quarterly net profit slumps 94% on lower sales prices
By Hadeel Al Sayegh DUBAI (Reuters) -Petrochemicals firm Saudi Basic Industries Corp (SABIC) said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. SABIC posted a net...
Feb 28, 2023
Bayer sees lower 2023 operating profit on cost inflation
By Ludwig Burger FRANKFURT (Reuters) - Agriculture and pharmaceuticals company Bayer said operating earnings would likely decline in 2023, hurt by higher costs and by the reversal of last year's price...
Feb 28, 2023
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