ZURICH (Reuters) – Swiss financial watchdog FINMA sees heightened danger for the sector given great uncertainty about interest rates and…
Former GSK consumer health arm Haleon posts 16.1% jump in quarterly sales
LONDON (Reuters) -Haleon, the former consumer health arm of GSK, on Thursday reported a 16.1% increase in third-quarter reported revenue…
French drugmaker Valneva to cut 20%-25% of workforce in revamp
By Dina Kartit and Valentine Baldassari (Reuters) -French drugmaker Valneva said on Thursday it plans to reduce 20% to 25%…
Apple supplier Foxconn records 5% rise in Q3 profit, sees flattish Q4
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…