WASHINGTON (Reuters) – An internal European Central Bank model indicates the euro zone’s economic growth could slow further in the second quarter, suggesting the projected recovery may be delayed even further, two sources familiar with the discussion said on F... More »
HONG KONG/LONDON (Reuters) – Standard Chartered PLC has unveiled plans to double returns and dividends in three years by cutting $700 million in costs and boosting income, even though the bank missed its previous targets in tough market conditions. Chief Execu... More »
HONG KONG (Reuters) – Apple Inc supplier AAC Technologies Holdings Inc saw its shares dropped 13 percent on Tuesday after the acoustic component maker said it expected first-quarter net profit to fall as much as 75 percent due to reduced orders. The Hong Kong-... More »
(Reuters) – Australia’s TPG Telecom Ltd said on Tuesday it will take A$228 million ($163 million) in writedowns in its first-half results after halting its mobile network rollout due to a ban on the use of equipment from Huawei Technologies Co Ltd. TPG said la... More »
LONDON (Reuters) – European stocks slipped again on Friday, following their weakest day in six weeks, as downgrades to growth forecasts weighed and bleak numbers from Umicore, Skanska, and Rockwool outweighed a sales beat at L’Oreal. The pan-European STOXX 600... More »
BEIJING (Reuters) – Earnings at China’s industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted U.S.-Sino trade war. The downbeat... More »
(Reuters) – Netflix Inc (NFLX.O) forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. Inve... More »
FRANKFURT (Reuters) – Chip designer Dialog Semiconductor said on Monday that it managed to hit its fourth-quarter revenue guidance despite a slump in iPhone sales at its main customer Apple. Shares in the Anglo-German company jumped 4 percent as investors cred... More »
BOSTON (Reuters) – Investment firm Tiger Global Management, which oversees $23 billion in assets, told investors its hedge fund gained 13.6 percent last year. Tiger Global’s hedge fund invests some $8 billion in assets and gained 0.9 percent in December. That ... More »
BOSTON (Reuters) – Hedge fund giant Bridgewater Associates’ flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse. The Pure Alpha Strategy, which has been ... More »
HONG KONG (Reuters) – Huawei Technologies [HWT.UL] is expected to record a 21 percent jump in revenue for 2018 to $109 billion, its rotating chairman said, marking the Chinese tech giant’s fastest pace of business growth in two years despite heightened global ... More »
BOSTON (Reuters) – Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year. The firm sent an investor update after the close of business ... More »
(Reuters) – Oilfield services provider Halliburton Co (HAL.N) on Monday reported a 24 percent increase in quarterly revenue, narrowly beating analysts’ estimates, as higher oil prices sparked a surge in U.S. crude production activity. Halliburton has benefited... More »
(Reuters) – India’s biggest software services exporter, Tata Consultancy Services Ltd, posted a better-than-expected rise of about 24 percent in first-quarter net profit, helped by strong growth in its banking, financial services and insurance division. The Mu... More »
ZURICH (Reuters) – Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, as Switzerland’s second-biggest bank seeks to boost equal opportunities and create a fair treatment environment. The ap... More »
TAIPEI (Reuters) – Taiwanese smartphone maker HTC Corp said its sales fell nearly 68 percent in June, its biggest slump in more than two years, as the struggling firm continues to lose customers amid intensifying competition with nimbler manufacturing rivals. ... More »
SEOUL (Reuters) – South Korea’s LG Electronics Inc on Friday said operating profit likely rose 16.1 percent in April-June, albeit weighed down by higher marketing expenses for new products in its TV, smartphone and appliance divisions, analysts said. The world... More »
SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd (005930.KS) estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings. Sa... More »
PARIS (Reuters) – Societe Generale (SOGN.PA) will buy Commerzbank’s (CBKG.DE) derivatives and asset management businesses in a move the French bank said will boost its Lyxor funds division and raise its profile in Germany, the euro zone’s biggest economy. Stil... More »
OSLO (Reuters) – Norway’s REC Silicon (REC.OL), a supplier of silicon materials to the solar industry, said on Monday it would reduce nearly 40 percent of its workforce at one of its two plants in the United States, blaming the ongoing U.S.-China trade war. Th... More »
LONDON (Reuters) – Sales at Sainsbury’s (SBRY.L), Britain’s second biggest supermarket group, dipped in the last 12 weeks, while its main rivals all saw increases, industry data showed on Tuesday. Sainsbury’s sales were down 0.2 percent in the 12 weeks to June... More »
(Reuters) – Cybersecurity firm Palo Alto Networks Inc said on Friday it named former SoftBank Group Corp president Nikesh Arora as chief executive officer and chairman. Arora, 50, succeeds Mark McLaughlin, who has led the company for nearly seven years and has... More »
MOSCOW (Reuters) – A Russian marketing agency has offered to help restaurants in cities hosting the soccer World Cup use fake reviews to bump up ratings on review site TripAdvisor, the agency’s owner has confirmed. Marketing company Bacon Agency says it can ci... More »
BERLIN (Reuters) – German economic growth slowed slightly more than expected in the first quarter of the year due to weak trade, data showed on Tuesday, but analysts called it a blip and predicted Europe’s biggest economy would shift into a higher gear again. ... More »
TOKYO (Reuters) – Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sale of its memory chip unit. Net profit for the struggling conglomerate is likely to grow to 1.07 trillion ... More »
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday. The resea... More »
ZURICH (Reuters) – Nestle will pay Starbucks $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company’s products around the world outside Starbucks’ coffee shops. Starbucks sa... More »
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual shareholder meeting, Buffett credited Apple with de... More »
NEW YORK (Reuters) – Billionaire investor Warren Buffett and Berkshire Hathaway Inc Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire’s annual meeting in Omaha, Nebraska. The weekend kno... More »
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC’s (HSBA.L) new chief executive sought to cheer investors with a share buyback of up to $2 billion, even as the bank reported on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in... More »
(This version of the May 3 story was refiled to removes extraneous words in Credit Suisse title in paragraph 11) By Danilo Masoni MILAN (Reuters) – The recent recovery in the dollar has raised hopes that currency turbulence for European corporates will now sub... More »
PARIS (Reuters) – BNP Paribas (BNPP.PA), France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, as a weaker dollar and sluggish fixed income trading impacted investment banking revenues. First-quarter net incom... More »
(Reuters) – Action-camera maker GoPro Inc’s first-quarter revenue beat expectations and it reported a smaller-than-expected loss on Thursday, benefiting from aggressive marketing of its cameras and controlling expenses. The company recently exited its Karma dr... More »
JOHANNESBURG (Reuters) – South African gold producers agreed a 5 billion rand ($400 million) class action settlement on Thursday with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis, officials said o... More »
LONDON (Reuters) – Mark Read, tasked with running WPP (WPP.L) after the sudden exit of founder Martin Sorrell, said he would look at restructuring the world’s biggest advertising group but ruled out a break up. Digital boss Read, appointed joint chief operatin... More »
LONDON (Reuters) – Mark Read, WPP’s (WPP.L) joint chief operating officer, said he would look at new ways to restructure the group but would not put a timetable on how long that would take and did not think a full break up made sense. Read was appointed to run... More »
ZURICH (Reuters) – Credit Suisse still has work ahead after making good progress towards achieving targets set for a three-year turnaround, Chairman Urs Rohner told the group’s annual general meeting on Friday. “Quite clearly, we still have plenty of work to d... More »
PARIS (Reuters) – Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets. Europe’s largest aerospace group said it was reducing deliv... More »
PARIS (Reuters) – Airbus is targeting “surge” production capacity of 63 A320-family aircraft a month from 2019 but only 60 deliveries a month from the middle of that year, Finance Director Harald Wilhelm said. Wilhelm told reporters that Airbus saw potential c... More »
TOKYO (Reuters) – Sony Corp said on Friday it expects operating profit to fall 8.8 percent in the financial year through March 2019 as a stronger yen eats into profits from the image sensor business. The electronics and entertainment firm forecast profit to fa... More »
BEIJING (Reuters) – Chinese internet search giant Baidu Inc (BIDU.O) blew past earnings estimates on Thursday, sending its U.S.-listed shares sharply higher in after-hours trading as investors cheered strong growth in its advertising business. The firm, which ... More »
(Reuters) – Amazon.com Inc (AMZN.O) more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for bus... More »
(Reuters) – Intel Corp (INTC.O) beat earnings expectations for the first quarter and raised its full-year revenue and profit forecasts on Thursday, driven by the biggest-ever quarterly jump in its data center business and small-but-steady growth in its persona... More »
(Reuters) – Western Digital Corp reported better-than-expected profit and revenue on Thursday, as demand for its memory chips used in smartphones and personal computers rose coupled with higher prices for its hard disk drives. The multi-billion dollar memory i... More »
(Reuters) – Vertex Pharmaceuticals Inc topped analysts’ forecasts for quarterly profit on Thursday, led by stronger-than expected sales of its latest cystic fibrosis drug as well as double-digit growth in sales of older treatments. Boston-based Vertex, like ot... More »
(Reuters) – AbbVie Inc reported a better-than-expected quarterly profit on Thursday, on higher sales of its rheumatoid arthritis treatment Humira and its Hepatitis C drugs, leading the company to raise its full-year earnings forecast. The company’s shares, whi... More »
ZURICH (Reuters) – Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland’s second-biggest bank in 2016, driven by its wealth management business. After 6.6 billion Sw... More »
(Reuters) – Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits. Revenue rose at three of BofA’s four major bus... More »
BEIJING (Reuters) – Ford Motor Co’s business in China continues to falter amid a dearth of fresh products, even though the American automaker earlier this week said it plans to launch two new models in the world’s biggest auto market by the end of the year. Fo... More »
NEW YORK (Reuters) – Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits. Changes in how companies can meas... More »
BOSTON (Reuters) – Several hedge funds who trace their ancestry to billionaire investor Julian Robertson’s Tiger Management are boasting positive returns for the year even as tumbling markets have left many rivals with losses. In the first three months of 2018... More »
NEW YORK (Reuters) – Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is growing even faster, threatening the fat profits automakers have enjoyed. At the New York Auto show this we... More »
FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell/File Photo NEW YORK/TORONTO (Reuters) – Equifax Inc (EFX.N) said it expects costs related to its massive 2017 d... More »
FILE PHOTO: A member of staff cleans Honda Avancier SUV after it was presented during Auto China 2016 auto show in Beijing April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – Honda Motor Co’s sales in China fell 5.9 percent in February from a... More »
FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell/File Photo (Reuters) – Equifax Inc (EFX.N) on Thursday reported quarterly results ahead of Wall Street forecast... More »
Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. More »
FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo NEW YORK (Reuters) – Billionaire Warren Buffett prodded ordinary investors on Saturday to ... More »
FILE PHOTO: Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, U.S., May 2, 2015. REUTERS/Rick Wilking/File Photo (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported a record ... More »
FILE PHOTO: A logo of Nippon Steel & Sumitomo Metal Corp is pictured outside its headquarters in Tokyo November 9, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Nippon Steel & Sumitomo Metal Corp (5401.T), Japan’s biggest steelmaker, is worried that ... More »
FILE PHOTO: FILE PHOTO: Cans of Campbell’s Soup are stocked on a shelf at a grocery store in Phoenix, Arizona, February 22, 2010. REUTERS/Joshua Lott/File Photo/File Photo (Reuters) – Campbell Soup Co (CPB.N) on Friday reported a 2 percent drop in organic net ... More »
Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau (Reuters) – Coca-Cola Co (KO.N) reported better-than-expected quarterly profit and sales on Friday as it sold more teas, c... More »
The leaping deer trademark logo is seen on a sign outside a John Deere dealership in Taylor, Texas, U.S., February 16, 2017. REUTERS/Mohammad Khursheed (Reuters) – U.S. farm equipment maker Deere & Co (DE.N) on Friday reported a 23 percent jump in first-quarte... More »
FILE PHOTO: A Heinz Ketchup bottle and a bottle of Kraft parmesan cheese are displayed in a grocery store in New York March 25, 2015. REUTERS/Eduardo Munoz (Reuters) – Kraft Heinz Co’s (KHC.O) quarterly profit and sales missed analysts’ estimates on Friday, hu... More »
FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Japan’s Panasonic Corp lifted its o... More »
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 ... More »
The Honda booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst TOKYO (Reuters) – Honda Motor Co Ltd (7267.T) on Friday said it expected China would overtake the Unite... More »
Dieter Zetsche, CEO of Mercedes car maker Daimler AG speaks during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a br... More »
Deutsche Bank building before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging market... More »
Deutsche Bank CEO John Cryan poses before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank expects its costs to decline by only 4 percent to 23 billion euros ($28.8 billion) t... More »
FILE PHOTO: Sony Corp’s Chief Financial Officer Kenichiro Yoshida attends a news conference at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins t... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 1, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares fell on Friday and were set for their biggest weekly loss in six months as a slump in Deutsch... More »
FILE PHOTO: Nokian tyres are on display at the “Krepost” Toyota dealership in the Siberian city of Krasnoyarsk, Russia August 8, 2014. REUTERS/Ilya Naymushin/File Photo HELSINKI (Reuters) – Finnish police plan to launch a criminal investigation into options tr... More »
FILE PHOTO: People walk in front of a branch of U.S. technology company Apple in Zurich, Switzerland April 5, 2016. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Stronger iPhone prices and hints by Apple Inc on Thursday that it could return more than half of it... More »
FILE PHOTO: An Apple Store staff shows Apple’s new iPhones X after they go on sale at the Apple Store in Regents Street, London, Britain, November 3, 2017. REUTERS/Peter Nicholls/File Photo (Reuters) – In its quarterly earnings report on Thursday, Apple Inc ga... More »
Sony Corp’s logo is seen at its news conference in Tokyo, Japan November 1, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp on Friday reported a nearly four-fold jump in third-quarter operating profit on growing demand for its image sensors, a... More »
FILE PHOTO – Ticker and trading information for media conglomerate Time Warner Inc. is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2016. REUTERS/Brendan McDermid/File Photo (Re... More »
FILE PHOTO: A Atlas Copco company logo is pictured at the “Bauma” Trade Fair for Construction, Building Material and Mining Machines and Construction Vehicles and Equipment in Munich, southern Germany, April 11, 2016. REUTERS/Michael Dalder/File Photo STOCKHOL... More »
A worker walks among solar panels at a floating solar plant developed in Huainan, Anhui province, China December 11, 2017. Picture taken December 11, 2017. REUTERS/Stringer FRANKFURT (Reuters) – SMA Solar (S92G.DE), Germany’s largest solar group, expects the i... More »
FILE PHOTO: A worker stands outside a factory of Contemporary Amperex Technology Ltd (CATL) in Ningde, Zhejiang province, China, December 16, 2016. REUTERS/Jake Spring/File Photo BEIJING (Reuters) – Profits for China’s industrial firms rose at the slowest pace... More »
A sign is seen at an AstraZeneca site in Macclesfield, central England May 19, 2014. REUTERS/Phil Noble/File Photo (Reuters) – AstraZeneca said an inhaler for chronic obstructive pulmonary disease (COPD) delivered improved lung function in a late stage trial t... More »
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 22, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS’s investment banking business in the United States is doing well but lags its boss’s ambitions, he said on Friday. “In o... More »
FILE PHOTO: An Intel WLAN wifi component inside a laptop is seen in this illustration photo June 21, 2017. REUTERS/Thomas White/Illustration/File Photo (Reuters) – Intel Corp (INTC.O) on Thursday gave a bullish forecast and blew past Wall Street expectations f... More »
FILE PHOTO: A Western Digital office building under construction is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Western Digital Corp (WDC.O) gave strong profit forecasts for the current quarter and the full ye... More »
FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, U.S. on October 27, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Starbucks Corp (SBUX.O) on Thursday warned that 2018 global cafe sales grow... More »
The view of what a surgeon would see is shown with a three-dimensional image on a da Vinci Xi Surgical System made by Intuitive Surgical during a demonstrated of the surgery robot at the Palomar Medical Center in Escondido, California December 3, 2014. REUTERS... More »
The logo of Airbus Group is seen at the Airbus Helicopters Paris-Le Bourget plant dedicated to the production and the renovation of helicopters blades, in Dugny, near Paris, France, December 1, 2017. REUTERS/Benoit Tessier PARIS (Reuters) – Airbus Helicopters ... More »
FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo (Reuters) – Morgan Stanley reported quarterly results on Thursday, rounding o... More »
FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo (Reuters) – Morgan Stanley raised key profitability and efficiency targets on... More »
FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street in central Beijing, China November 24, 2014. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – Total profit of enterprises owned by China’s central ... More »
(Reuters) – PNC Financial Services Group Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also forecast mid-single digit loan and revenue growth for 2018. The... More »
FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky (Reuters) – JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a higher-than-expecte... More »
(Reuters) – U.S. regional lender PNC Financial Services reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth. The Pittsburgh, Pennsylvania-based bank said on Friday that net income attributable t... More »
FILE PHOTO: A woman walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz (Reuters) – BlackRock Inc (BLK.N) on Friday reported a better-than-expected quarterly profit, as investors flooded into th... More »
The logo of Swiss pharmaceutical company Roche is seen outside their headquarters in Basel, January 30, 2014. To match special report USA-FDA/CASES REUTERS/Ruben Sprich/File Photo ZURICH (Reuters) – The European Union approved Roche’s multiple sclerosis medici... More »
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth... More »
The sign for Swiss bank Julius Baer is seen at a branch office in Luzern, Switzerland, November 23, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Swiss private bank Julius Baer said on Tuesday it bought the 20 percent in Italian wealth management firm Kairos ... More »
Volkswagen CEO Matthias Mueller attends the opening of the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 11, 2017. REUTERS/Kai Pfaffenbach BERLIN (Reuters) – Volkswagen (VOWG_p.DE) will report excellent group results this year, its chief executive... More »
FILE PHOTO: South African magnate Christo Wiese, Steinhoff’s largest shareholder and chairman, listens during an interview in Cape Town, South Africa, September 27, 2016. REUTERS/Mike Hutchings/File Photo (This December 7 story corrects to clarify Christo Wies... More »
FILE PHOTO: Men try out Xiaomi smartphones at the company’s store in central Kiev, Ukraine May 17, 2017. REUTERS/Valentyn Ogirenko/File Photo HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by a... More »
The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany December 14, 2017. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – One euro zone bank is falling short of the European Central Bank’s capital requirements, the ECB said on Monday, mea... More »
