By Ben Blanchard and Sarah Wu TAIPEI (Reuters) – Apple Inc supplier and iPhone assembler Foxconn said on Thursday it…
Swiss bank Vontobel’s nine month outflows at $3.5 billion; to step up cost cuts
ZURICH (Reuters) – Swiss wealth and asset manager Vontobel Holding saw new money outflows of 3.4 billion Swiss francs ($3.46…
Origin Energy backs $11.8 billion buyout offer from Brookfield consortium
By Sonali Paul and Scott Murdoch (Reuters) -Origin Energy Ltd, Australia’s no.2 power producer and energy retailer, backed an A$18.4…
ArcelorMittal’s Q3 profit beats expectations on energy savings
BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, reported higher-than-expected third-quarter earnings on Thursday as cost cutting and energy savings offset…
Crypto’s FTX CEO looking at all options as Binance deal collapses
By Hannah Lang and Angus Berwick NEW YORK (Reuters) – FTX Chief Executive Officer Sam Bankman-Fried told employees he was…
Robinhood has no direct exposure to FTX, says CEO
SINGAPORE (Reuters) – Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter.…
South Korean think tank recommends gradual pace of rate hikes due to economic risks
SEOUL (Reuters) – South Korea’s monetary tightening should be done at a gradual pace because of the risks of an…
Zurich Insurance sees $550 million hit from Hurricane Ian
ZURICH (Reuters) – Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, it said on Thursday…
Marketmind: Red wave
A look at the day ahead in European and global markets from Tom Westbrook The outcome of the U.S. midterm…
China amends rules for management of insurance bailout funds
BEIJING (Reuters) – China has amended rules for the management of state-run bailout funds rescuing troubled insurers, its financial regulators…