Category Archives:
Chipmaker Hua Hong says China’s state-owned fund to invest $414.2 million
(Reuters) - Hua Hong Semiconductor said on Wednesday China IC Fund II would participate in a proposed RMB share issue as a strategic investor by subscribing for RMB shares worth 3 billion yuan ($414.1...
Jun 28, 2023
Cycling-Faulkner doubt for Tour de France Femmes after road accident
(Reuters) - American rider Kristen Faulkner suffered a fractured knee after being hit by a car during training in California, her team Jayco AlUla said on Wednesday, putting in doubt her participation...
Jun 28, 2023
Age of crisis leaves world’s big currencies out of sync
By Alun John and Dhara Ranasinghe LONDON (Reuters) - Big global currencies are rarely on different paths. Yet Japan's yen and China's yuan are slumping against the dollar while in Europe the euro is o...
Jun 28, 2023
Kremlin rejects U.N. report on child detentions in Ukraine; says army saved children
MOSCOW (Reuters) - The Kremlin on Wednesday dismissed allegations by the United Nations that Russia had violated children's rights in Ukraine and said that, on the contrary, its armed forces were resc...
Jun 28, 2023
Switzerland widens sanctions on Russia, in step with EU
BERLIN (Reuters) - Switzerland has expanded financial and travel sanctions against Russian entities and persons in step with the most recent sanctions imposed by the European Union on Moscow after the...
Jun 28, 2023
UBS looks to axe 30% of staff and keep Credit Suisse’s domestic business – source
(Reuters) - UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domestic operations of its fallen rival, ac...
Jun 28, 2023
Nike’s 2024 pressured by weak North American demand, inventory glut
By Ananya Mariam Rajesh (Reuters) - Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant's products from wholesalers such as Foot Locker and Hi...
Jun 28, 2023
Kremlin adviser to hold talks with papal envoy on Ukraine at Putin’s request
MOSCOW (Reuters) - Russian President Vladimir Putin's foreign policy adviser Yuri Ushakov will hold talks with the pope's peace envoy on the Ukraine conflict in Moscow on Wednesday at Putin's request,...
Jun 28, 2023
General Mills forecasts dour profit as price hikes slow demand
(Reuters) - General Mills on Wednesday forecast full-year profit that came in largely below analysts' estimates as the Cheerios cereal maker battles with slow demand for its ready-to-eat cereals, snac...
Jun 28, 2023
US FDA approves Pfizer’s drug for growth hormone deficiency
(Reuters) - The U.S. Food and Drug Administration has approved Pfizer Inc and partner OPKO Health Inc's treatment for growth hormone deficiency in children, the companies said on Wednesday. The drug, ...
Jun 28, 2023
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