Category Archives:
Caterer Elior soars as sales beat, new outlook reassure investors
By Federica Mileo and Diana Mandia (Reuters) -French caterer Elior beat sales expectations on Wednesday and forecast a quick return to profitable growth after a third straight annual loss, sending its...
Nov 23, 2022
ION discussing earn-out price clause with DK in Prelios deal-sources
By Valentina Za MILAN (Reuters) - ION, a privately-held financial technology group, is looking to pay for Italian bad loan recovery firm Prelios in several stages as it holds discussions with U.S. hed...
Nov 23, 2022
European shares hold near 3-month highs as business activity slowdown eases
By Sruthi Shankar (Reuters) -European stocks were pinned near three-month highs on Wednesday as data showed a downturn in euro zone business activity eased slightly in November, while rallying commodi...
Nov 23, 2022
Credit Suisse shareholders approve 4 billion Swiss franc capital raise
ZURICH (Reuters) - Credit Suisse shareholders approved on Wednesday a 4 billion Swiss franc ($4.20 billion) share capital hike intended to fund the embattled Swiss bank's turnaround. Some 92% and 98% ...
Nov 23, 2022
Unrest and production disruptions at Foxconn’s main iPhone plant in China
(Reuters) - Hundreds of workers on Wednesday joined protests at Foxconn's flagship iPhone plant in China, in the latest upheaval related to strict COVID-19 controls. Here is a timeline of problems at ...
Nov 23, 2022
TikTok on ‘high alert’ in Malaysia as tensions rise over election wrangle
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) - Short video platform TikTok said on Wednesday it was on high alert for content that violates its guidelines in Malaysia after authorities war...
Nov 23, 2022
Xiaomi revenue falls in third quarter as COVID-19 controls bite
SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Wednesday reported a 9.7% fall in third-quarter revenue, hit by China's COVID-19 restrictions and softening consumer demand. Sales in the th...
Nov 23, 2022
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) - Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group's logistics arm Cainiao, in a deal that could...
Nov 23, 2022
UK PMI sticks near 21-month low as orders weaken
By David Milliken LONDON (Reuters) - British economic activity fell at close to its fastest pace in nearly two years in November, adding to signs of recession as orders sank and employment growth slow...
Nov 23, 2022
Germany to emerge from crisis stronger with new trade, energy policies – Scholz
BERLIN (Reuters) - Germany is strong enough to weather the crisis caused by Russia's invasion of Ukraine and emerge stronger from it thanks a new approach to energy, defence and trade policy in Europe...
Nov 23, 2022
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