© Reuters. MILAN (Reuters) - French lender Societe Generale (EPA:SOGN) will name its new chief executive by autumn, Chairman Lorenzo Bini Smighi said in an interview with Italian daily Il Sole 24 Ore published on Tuesday. France's third-biggest listed bank CEO Frederic Oudea in a surprise move on May 17 said he would step down next year, bringing to an end what will be a 15-year reign running the lender.
Price increase comes as Sri Lanka hires heavyweight financial, legal advisers Lazard and Clifford Chance: Reuters. Sri Lanka has increased fuel and transport prices, a long-flagged move to combat its debilitating economic crisis, but the hikes are bound to exacerbate galloping inflation, at least in the short term.
© Reuters. FILE PHOTO: Adevinta CEO Rolv Erik Ryssdal speaks at the Oslo stock exchange, Norway April 10, 2019. REUTERS/Nerijus Adomaitis OSLO (Reuters) - Norway's Adevinta, the world's largest classified ads company, posted on Tuesday a higher-than-expected first-quarter core profit, boosted by rising earnings margins, and maintained its overall targets for the year.
Register now for FREE unlimited access to Reuters.com MILAN, May 24 (Reuters) - The chief executive of Italy's Leonardo (LDOF.MI) does not see any synergies between the state-controlled defence group and shipbuilder Fincantieri (FCT.MI), adding a potential merger between the two companies would be a "wrong use of time".
According to a Reuters source, TikTok has conducted a test, allowing users in Vietnam to play games on the app. Putting games on the app will help increase ad revenue as well as the amount of time users spend on TikTok. TikTok is currently one of the most popular apps in the world with over 1 billion monthly users.
2/2 © Reuters. FILE PHOTO: The logo of bitcoin is pictured on a door in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. REUTERS/Benoit Tessier/File Photo 2/2 By Medha Singh and Lisa Pauline Mattackal (Reuters) - The crypto winter is into its ninth week and bitcoin can't shake the chills.
By Wayne Cole SYDNEY (Reuters) – Asian shares slid on Tuesday as relief at a rally on Wall Street was punctured by a retreat in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise from the ECB. After ending Monday firmer, Nasdaq futures lost 1.5%, with traders blaming an earnings warning from Snap which saw shares in the Snapchat owner tumble 28%.
Posted on TOKYO (Reuters) – The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street’s strong start to the week. The dollar index, which measures the currency against six major peers, added 0.1% to 102.24, bouncing after Monday’s 0.85% tumble took it further from the nearly two-decade peak above 105 that it hit mid-month.
By Jeffrey Dastin and Dmitry Zhdannikov DAVOS, Switzerland (Reuters) - Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil and gas sector. The companies are building a platform for oil majors and other commodities firms to vet the environmental impact of their supply chains, applying Trafigura's data to Palantir's operating system, known as Foundry.
London copper prices slipped on Tuesday after hitting a more than two-week high in the previous session, as the dollar rebounded and demand worries persisted due to ongoing lockdowns in top consumer China. By Brijesh Patel May 24 (Reuters) - London copper prices slipped on Tuesday after hitting a more than two-week high in the previous session, as the dollar rebounded and demand worries persisted due to ongoing lockdowns in top consumer China.
BEIJING: China’s property market woes are likely to worsen this year with prices remaining flat and sales and investment falling further, while tighter and widespread COVID-19 curbs weigh on still fragile demand despite more policy easing. The property market, a pillar of the world’s second-largest economy, was weakened by a government clampdown on excessive borrowing from developers last year.
Register now for FREE unlimited access to Reuters.com May 24 (Reuters) - Brazil's Petrobras alerted the government last week that diesel pumps could run dry this year during the crucial soybean harvest season if the oil company does not sell fuels at market prices, according to four people close to discussions and an internal presentation seen by Reuters.
(Reuters) - Beijing stepped up quarantine efforts to end its month-old COVID outbreak as fresh signs of frustration emerged in Shanghai, where some bemoaned unfair curbs with the city of 25 million preparing to lift a prolonged lockdown in just over a week. DEATHS AND INFECTIONS * Eikon users, see COVID-19: MacroVitals here for a case tracker and summary of news.
South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector to make it as successful as its chip business. Reuters May 24, 2022 / 10:50 AM IST
© Reuters. FILE PHOTO: The Russian vessel Tantal, an oil/chemical tanker, is seen at sea outside the far eastern city of Vladivostok, Russia October 9, 2017. Picture taken October 9, 2017. REUTERS/Stringer/File Photo HOUSTON (Reuters) - Some 62 million barrels of Russia's flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude.
Local train services on Mumbai's harbour line disrupted due to power issue; office-goers face delays
Following the disruption, a number of passengers, mostly office-goers, complained that trains on the harbour line, which provides connectivity to Navi Mumbai and western suburbs with south Mumbai, were running late by at least 15-20 minutes during the morning rush hour. PTI May 24, 2022 / 10:42 AM IST