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UPS shares fall as consumer caution dims e-commerce outlook
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HSBC puts 2022 buyback ambitions on ice as inflation accelerates
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Pope names new Paris archbishop after predecessor’s resignation
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Two top-10 RWE investors won’t back brown coal spin-off motion
Credit Suisse to promote Low to Asia Pacific CEO -sources
Date: April 26, 2022
By Anshuman Daga SINGAPORE (Reuters) -Swiss bank Credit Suisse is set to name Edwin Low as its Asia Pacific chief executive, replacing veteran banker Helman Sitohang, two sources familiar with the matter said. Singapore-based Low, who is Credit Suisse’s Asia Pacific investment banking co-head and its Southeast Asia CEO, has risen through the ranks after...
Dollar roars to two-year high on growth fears and rate bets
Date: April 26, 2022
LONDON (Reuters) – The dollar roared to a two-year high on Tuesday and the euro hit its weakest since March 2020 as concerns about the economic impact of China’s COVID-19 lockdowns and rising expectations for a big U.S. interest rate hike next week boosted the greenback. With markets facing many risks, including central banks’ tightening...
PepsiCo raises revenue forecast on boost from price increases
Date: April 26, 2022
(Reuters) -PepsiCo Inc beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases. Pandemic-induced disruptions to the global supply chain and runaway inflation have sent costs soaring on everything from aluminum cans to labor and...
Ease rules to make London more competitive, industry officials say
Date: April 26, 2022
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Rules are becoming more flexible for financial firms after Brexit but more needs to be done to cut red tape and keep London globally competitive, senior industry officials said on Tuesday. Following its departure from the European Union, Britain faces industry and lawmaker calls to...
Russia’s “victory” in Mariupol turns city’s dreams to rubble
Date: April 26, 2022
By Alessandra Prentice and Natalia Zinets KYIV (Reuters) – In the years prior to Russia’s invasion of Ukraine, the port city of Mariupol was undergoing a makeover. More than $600 million was spent on new roads, a children’s hospital and parks to modernise the mainly Russian-speaking city as part of a campaign to show the...
Musk’s Twitter deal could test Tesla executive bench
Date: April 26, 2022
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk’s move to buy Twitter for $44 billion has raised concerns about the depth of executive talent at his more valuable company, electric carmaker Tesla Inc, in case his attention is further divided by the social media platform. In announcing the deal on Monday, Musk called Twitter...