Author Archives: Syndicated Content
LG Display quarterly profit plummets as demand shrinks and prices decline
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea's LG Display Co Ltd on Wednesday reported a 93% plunge in first-quarter profit, far below estimates as pandemic-driven demand for TVs, smart...
Apr 27, 2022
Renault silent after media report about transfer of Avtovaz stake
PARIS (Reuters) - A spokesperson for French carmaker Renault declined to comment on Wednesday on a report by Russia's Interfax saying it would transfer its majority stake in carmaker Avtovaz to a Russ...
Apr 27, 2022
New Zealand High Court finds quarantine allocation system infringed on rights
By Lucy Craymer WELLINGTON (Reuters) - New Zealand's once lauded COVID-19 response took a hit on Wednesday, when a High Court judge ruled a system used to allocate places in border quarantine faciliti...
Apr 27, 2022
Mercedes sees Q1 earnings rise, confirms 2022 guidance
(Corrects date in dateline to April 27, not 26) BERLIN (Reuters) -Mercedes-Benz saw a rise in earnings before interest and taxes (EBIT) to 5.2 billion euros ($5.54 billion) in the first quarter, even ...
Apr 27, 2022
Credit Suisse announces management reshuffle, Q1 loss
ZURICH (Reuters) -Credit Suisse on Wednesday posted a 273 million Swiss franc ($283.6 million) first-quarter loss, extending the embattled lender's losing streak after a slew of scandals and as it ann...
Apr 27, 2022
Deutsche Bank extends profit streak in Q1 as Russia crisis clouds outlook
FRANKFURT (Reuters) - Deutsche Bank posted a better-than-expected 17% rise in first-quarter profit as investment banking revenues rose despite the Russia conflict that has clouded the outlook, figures...
Apr 27, 2022
Australia banks pull forward hike calls after inflation surprise
SINGAPORE (Reuters) - Two of Australia's big four banks expect the benchmark cash rate will rise next week and a third sees increased risk of a hike after a surprisingly strong inflation reading on We...
Apr 27, 2022
Taiwan says Ukraine conflict will inform this year's military drills
By Ben Blanchard TAIPEI (Reuters) - Taiwan's main military drills this year will draw on the experiences of the war in Ukraine, focusing on asymmetric and cognitive warfare as well as use of reserves ...
Apr 27, 2022
Britain says Ukraine controls majority of its airspace
(Reuters) - Ukraine retains control over the majority of its airspace, Britain's defence ministry said on Wednesday, adding that Russia has failed to effectively destroy the country's air force or sup...
Apr 27, 2022
Mixed earnings from U.S. tech giants may do little to assuage worried investors
By David Randall and Lewis Krauskopf NEW YORK (Reuters) - A mixed bag of earnings from some of Wall Street's biggest companies may muddy the outlook for investors hoping to "buy the dip" amid a viciou...
Apr 27, 2022
