Ericsson to cut 1,400 jobs in Sweden
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs gl..
NEWS
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Turkey clears away rubble from earthquake, rescue efforts wind down
By Henriette Chacar and Ali Kucukgocmen ANTAKYA, Turkey (Reuters) – Turkey stepped up work to clear away rubble from collapsed b..
NEWS
Novartis names Firmenich CEO as chairman designate of Sandoz
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generic..
NEWS
Novartis names Firmenich CEO as chairman designate of Sandoz
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generic..
NEWS
Asia shares creep higher, wary on Fed and BOJ outlooks
By Wayne Cole SYDNEY (Reuters) – Asian shares edged up on Monday as a U.S. holiday made for slow trading ahead of minutes of the..
NEWS
Aussie supermarkets set to capitalise on high inflation, but softer demand ahead
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-hig..
NEWS
Dollar buoyant as robust U.S. data keep Fed hawks in control
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday, supported by a strong run of economic data out of t..
NEWS
Shares fall with oil prices amid concerns about U.S. Fed rate hikes
By Sinéad Carew NEW YORK (Reuters) – Stock markets around the globe fell on Friday and oil prices settled lower after U.S. econo..
INVESTING
Hawkish ECB comments push up rate-hike expectations
By Leigh Thomas and Francesco Canepa PARIS/FRANKFURT (Reuters) – European Central Bank interest rates still have some way to ris..
BANKING
Exclusive-Microsoft’s Bing plans AI ads in early pitch to advertisers
By Sheila Dang (Reuters) – Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing s..
BUSINESS
Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
By Angus Berwick and Tom Wilson (Reuters) – Global cryptocurrency exchange Binance had secret access to a bank account belonging..
NEWS
G20 watchdog homes in on decentralised finance after FTX crash
By Huw Jones LONDON (Reuters) – The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle &..
NEWS
Mercedes-Benz to buy back up to 4 billion euros in shares by 2025
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two yea..
NEWS
Gucci banks on private ‘salons’ for the ultra-rich to revive sales
By Mimosa Spencer PARIS (Reuters) – Gucci is banking on new ultra-high-end “salons” offering merchandise priced at u..
NEWS
Ubisoft vows to get back to operating margin above 20% in medium term
By Enrico Sciacovelli (Reuters) -French video game producer Ubisoft said it would reach operating margin above 20% in the medium term,..
NEWS
Dollar advances as strong U.S. data backs higher rates backdrop
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The U.S. dollar held gains against a basket of currencies on..
TRADING
Uniper sells UAE marine fuels refinery to consortium including Montfort
FRANKFURT/SINGAPORE (Reuters) -German utility Uniper has agreed to sell its oil refinery in the United Arab Emirates to a consortium o..
NEWS
Amazon grants 1.5 million euros to Dutch seaweed farm project
AMSTERDAM (Reuters) – Amazon.com has granted 1.5 million euros ($1.6 million) to a Dutch project testing the viability of commer..
NEWS
Aldi UK to recruit 6,000 after strong Christmas trading
LONDON (Reuters) – The British arm of German discounter Aldi said on Thursday it was looking to hire more than 6,000 workers, co..
NEWS
Holcim to acquire European roofs manufacturer FDT Flachdach Technologie
ZURICH (Reuters) – Switzerland’s Holcim is to acquire thermoplastic roofs manufacturer FDT Flachdach Technologie GmbH, the..
NEWS
Cisco forecast raise allays tech spending fears, lifts shares
By Yuvraj Malik (Reuters) -Cisco Systems Inc on Wednesday raised its full-year earnings forecast and delivered strong second-quarter r..
NEWS
Shopify’s revenue forecast fails to impress, shares fall
Shopify’s revenue forecast fails to impress, shares fall By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing r..
NEWS
PEGA Pool Announces the Official Launch of Its Eco-friendly Bitcoin Mining Pool
It is paving the way for a sustainable and eco-friendly crypto mining industry whilst giving miners a more consistent and attractive i..
TRADING
5 FX METRICS YOUR BUSINESS SHOULD BE TRACKING
Businesses dealing internationally in multiple currencies are often met with the task of creating their own FX risk management strateg..
TRADING
London’s FTSE 100 hits fresh record high as telecoms surge
By Shashwat Chauhan (Reuters) – UK’s FTSE 100 rose to a record high on Tuesday as telecom stocks gained after Liberty Glob..
NEWS
Citi halted financing for Trafigura’s nickel deals in October – Bloomberg
(Reuters) -Citigroup Inc stopped financing nickel deals for commodity trader Trafigura with companies linked to Indian businessman Pra..
NEWS
Coca-Cola HBC’s annual profit beats, warns of price increases
By Radhika Anilkumar (Reuters) -Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will ..
NEWS
Nano One Awarded $10 million from Sustainable Development Technology Canada
Vancouver, Canada (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB) $10 million in non-dilutive support from SDTC helps: Fast track and ..
TECHNOLOGY
First listener-wide study reveals brand impact of Radio, Livestream, and Podcasts
FD Mediagroep works with BNR and Brand Metrics to deliver key audio study London UK, 14th February 2023 – FD Mediagroep has joined for..
BUSINESS
Oil prices dip on U.S. crude reserve release, inflation pressure
By Shadia Nasralla LONDON (Reuters) -Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its ..
NEWS
Cryptoverse: Punk apes and a resurrection of NFTs
By Medha Singh (Reuters) – It’s alive! The NFT market is twitching out of its torpor, defying reports of its demise. Total..
NEWS
Marketmind: Don’t break my heart
A look at the day ahead in European and global markets from Anshuman Daga Today’s inflation numbers from the world’s bigge..
NEWS
IKEA stores owner Ingka says campaigns help boost store visits and sales
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) – Price cuts at IKEA as well as promotional campaigns which the budget fu..
NEWS
Liberty Global takes 5% ‘opportunistic’ stake in Vodafone
By Muvija M and Tiyashi Datta LONDON (Reuters) -U.S.-listed Liberty Global disclosed a near-5% stake in British telecom group Vodafone..
NEWS
Delivery Hero ramps up interest payments to raise 1 billion euro convertible bond
By Pablo Mayo Cerqueiro (Reuters) – Germany’s Delivery Hero is offering investors significantly higher interest payments t..
NEWS
Saipem shares drop, group says cannot explain why
MILAN (Reuters) – Saipem does not have any information explaining Monday’s share movements, a spokesman for the Italian en..
NEWS
Love in a time of inflation: how much will Valentine’s Day set you back?
By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has se..
FINANCE