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Explainer-What’s behind Hong Kong’s tightening cash conditions?
By Georgina Lee HONG KONG (Reuters) - A weak Hong Kong dollar and capital outflows have pushed the city's interbank rates to 14-year highs and drained cash levels to their lowest in two years, sparkin...
Syndicated Content Nov 03, 2022
Exclusive-Morgan Stanley to start layoffs in coming weeks as dealmaking slows -sources
By Kane Wu, Scott Murdoch and Julie Zhu HONG KONG (Reuters) - Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge o...
Syndicated Content Nov 03, 2022
Telenet in talks with French telco Orange on network access deal
PARIS (Reuters) -Liberty Global's Telenet on Thursday said it was in talks with France's No. 1 telecoms company Orange over a potential network access to Walloon cable operator VOO, which Orange plans...
Syndicated Content Nov 03, 2022
ING Groep launches $1.5 billion buyback after Q3 pre-tax profit slumps
AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Thursday a quarterly pre-tax profit of 1.38 billion euros ($1.36 billion), below expectations due to one-off charges, and also ro...
Syndicated Content Nov 03, 2022
Erdogan says he could discuss charge for Twitter blue check with Elon Musk
ISTANBUL (Reuters) - Turkish President Tayyip Erdogan said he may negotiate with Twitter's new boss Elon Musk to avoid paying the monthly $8 charge for the "verified" badge. After buying Twitter for $...
Syndicated Content Nov 03, 2022
Analysis-Energy market turmoil shakes Europe’s green power plan
By Susanna Twidale, Isla Binnie and Kate Abnett (Reuters) - Europe's plan to roughly double renewable power generation by the end of the decade to cut its emissions and reliance on imported Russian fu...
Syndicated Content Nov 03, 2022
Struggling gas importer Uniper unveils record 40 billion euro net loss
FRANKFURT (Reuters) - Soon-to-be-nationalised gas importer Uniper on Thursday disclosed a record 40 billion euro ($39.3 billion) net loss for the first nine months of the year, reflecting expected fut...
Syndicated Content Nov 03, 2022
Mobile provider Veon revenue rises 3.6% in Q3
(Reuters) - Amsterdam-listed telecoms operator Veon on Thursday reported a 3.6% year-on-year rise in third-quarter revenue, as its 4G penetration and digital operator strategy continued to deliver gro...
Syndicated Content Nov 03, 2022
High car prices help BMW profit shrug off inflation, supply issues
BERLIN (Reuters) -German premium car maker BMW on Thursday reported a higher quarterly net profit and maintained its full-year earnings outlook as strong pricing enabled it to shrug off rising costs a...
Syndicated Content Nov 03, 2022
Factbox-North Asia gears up for peak winter energy demand season
(Reuters) - Key North Asian economies are stockpiling fuel, diversifying sources and conserving power to ensure adequate supplies for winter, as an unprecedented global energy crisis makes spot liquef...
Syndicated Content Nov 03, 2022
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