Euro zone industrial production much weaker than expected in July

Euro zone industrial production was much weaker than expected in July, data showed on Wednesday, mainly because of a sharp drop in the output of capital goods that are used for to make finished products and reflect business investment.

newspaper

14-09-2022

Exclusive-How Norway's Equinor exited Russia: Move fast, sell cheap

Norway's Equinor became the first Western oil major to fully exit Russia this month, avoiding the high-profile clashes with Moscow experienced by some rivals - but it also paid a price.

newspaper

14-09-2022

BOJ conducted rate check in apparent preparation for currency intervention -Nikkei

The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday citing unnamed sources.

newspaper

14-09-2022

Fosun denies reports China regulators asked banks to report exposure to it

SHANGHAI (Reuters) -Fosun International said on Wednesday that media reports saying Chinese regulators have told the country's biggest banks to start a round of checks on their financial exposure to the Chinese conglomerate were false.

newspaper

14-09-2022

AC Milan investor drops efforts to freeze club sale in Italian court

MILAN (Reuters) -Blue Skye Financial Partners, a minority investor in Italian soccer champions AC Milan, have dropped efforts in an Italian court to try to suspend the 1.2 billion euro ($1.20 billion) sale of the club, legal sources said on Tuesday.

newspaper

13-09-2022

AC Milan investor drops Italian legal efforts to block club sale

Blue Skye Financial Partners, who were a minority investor in Italian soccer champions AC Milan, have dropped efforts in an Italian court to try to halt the 1.2 billion euro ($1.20 billion) sale of the club, legal sources said on Tuesday.

newspaper

13-09-2022

How China became big business for Twitter, from blocking to blue checks

SINGAPORE/BEIJING (Reuters) -Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, helping make the country the platform's fastest-growing overseas ad market and one of its largest non-U.S. revenue sources.

newspaper

13-09-2022

Analysts cut 12-month earnings forecasts for Asian corporates on lower manufacturing

Analysts have cut their 12-month earnings forecasts for Asian companies over the past month, undermined by a dip in manufacturing activity and concerns over a drop in shipments, especially to China.

newspaper

13-09-2022

DuckDuckGo, Mozilla and others support Klobuchar bill in rein in big tech

A group of 13 companies urged the U.S. Congress on Tuesday to approve a bill that would rein in giant tech companies like Alphabet's Google and Meta's Facebook.

newspaper

13-09-2022