BERN, June 2 (Reuters) – Sergio Ermotti, chief executive of UBS (UBSG.S), warned on Friday of painful decisions on job cuts following the takeover of Credit Suisse (CSGN.S) , which he hoped would be made official in the coming days. . “We won’t be able to create short-term employment opportunities for everyone. Synergies are part … Read more
(1/3) Police officers stand near the scene of a stabbing and shooting incident in Nakano, Nagano prefecture, Japan, in this file photo taken by Kyodo May 25, 2023. Mandatory credit Kyodo via REUTERS TOKYO, May 26 (Reuters) – Japanese authorities said on Friday they arrested a 31-year-old man in a rural area on suspicion of … Read more
CAIRO, May 25 (Reuters) – Tugboats have refloated a large ship stranded for several hours in the Suez Canal, shipping agent Leth Agencies said on Thursday, allowing flows on one of the busiest waterways crowds of the world to return to normal. Leth identified the vessel as the 190-metre (623 ft) Xin Hai Tong 23, … Read more
(1/2) Small figurines are seen in front of the Zoom logo displayed in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration May 22 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year revenue and profit forecast on Monday, even as growth slows after a pandemic boom and business spending slows in a difficult economy. … Read more
NEW YORK/WASHINGTON, May 22 (Reuters) – As talks on raising the U.S. government debt ceiling to $31.4 trillion culminate, banks and asset managers on Wall Street brace for the fallout a potential defect. The financial industry has prepared for such a crisis before, most recently in September 2021. But this time the relatively short time … Read more
MUMBAI, May 20 (Reuters) – India will withdraw its highest-denominated banknote from circulation, the central bank said on Friday. The 2,000 rupee note, put into circulation in 2016, will be legal tender but citizens have been asked to deposit or exchange these notes by September 30, 2023. The move recalls a shock move in 2016 … Read more
Home Depot falls after lower annual sales forecast Capital One up as Berkshire Hathaway reveals stake Horizon and Amgen fall after FTC files lawsuit to block deal Dow down 1.01%, S&P 500 down 0.64%, Nasdaq down 0.18% May 16 (Reuters) – U.S. stock indexes closed lower on Tuesday after disappointing Home Depot forecasts and U.S. … Read more
(1/5) A satellite image shows a bridge after Cyclone Mocha landed, in Sittwe, Myanmar May 15, 2023. Maxar Technologies/Handout via REUTERS May 16 (Reuters) – Hundreds of people, including Rohingya Muslims, were reportedly killed after a cyclone hit Myanmar at the weekend, residents and aid groups said on Tuesday, with rescue efforts under way. hampered … Read more
May 15 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. Key economic data from China and Japan and a rate decision from the Philippines central bank could be the main regional drivers for Asian markets this week as investors grow increasingly nervous about the US and global macro outlook. … Read more
(1/2) Ambulances are parked outside a Mercedes factory after a suspect was arrested following a shooting at a Mercedes-Benz factory in Sindelfingen near Stuttgart, Germany, May 11, 2023. … Learn more Armed man, two victims worked for an outside contractor Mercedes has suspended production at the site Police arrested the shooter BERLIN, May 11 (Reuters) … Read more
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