By Josh Ye HONG KONG (Reuters) -Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering…
Bailed-out gas trader Uniper flags recovery after ‘watershed year’
By Christoph Steitz, Tom Käckenhoff and Vera Eckert FRANKFURT/DUESSELDORF (Reuters) -Germany’s Uniper expects profits to recover this year from a…
China’s Lenovo posts worst revenue fall in 14 years as PC demand slumps
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter,…
Spain’s public debt-to-GDP ratio falls 5 percentage points in 2022 to 113.1%
MADRID (Reuters) – Spain’s public debt-to-GDP ratio fell by more than 5 percentage points in 2022, the steepest decline ever,…
Hermes beats forecasts on robust growth in China, U.S.
By Mimosa Spencer and Ingrid Melander PARIS (Reuters) – Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its…
UK consumers bought more in January but overall gloom persists
By William Schomberg and William James LONDON (Reuters) – British consumers unexpectedly increased their shopping in January, but the big…
Boeing to move historic financing arm under jet business
By Valerie Insinna and Tim Hepher WASHINGTON/PARIS (Reuters) -Boeing said on Thursday it is absorbing its decades-old aircraft-financing arm into…
Morgan Stanley lifts Ghana Eurobond ‘recovery’ value to $46 from $41
JOHANNESBURG (Reuters) -Investment bank Morgan Stanley has lifted the average “recovery value” for Ghana’s defaulted dollar-denominated government bonds to $46…
Man United suitors jostle for biggest sports deal ever
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) -Manchester United will receive multiple offers when an initial deadline for bids…
Sugar producer Tereos names Boucas as CEO
PARIS (Reuters) – Tereos, the world’s second-largest sugar producer, said on Friday it had appointed Jorge Boucas as its chief…