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Ericsson books $3 billion impairment, says Q3 core profit fell 39%
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European stocks edge up as Novo Nordisk offsets luxury sector jitters
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EU food safety agency recommends preventive bird flu vaccination
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Travis Perkins shares sink as weak housing market prompts profit warning
Asia stocks hit 2-week high as Fed talk turns dovish
Date: October 11, 2023
Asia stocks hit 2-week high as Fed talk turns dovish By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish shift in tone from Federal Reserve officials had traders paring U.S. interest rate expectations, though with a wary eye on U.S. inflation data due on...
Euribor revamp aims to attract wider pool of banks
Date: October 11, 2023
Euribor revamp aims to attract wider pool of banks By Marc Jones and Huw Jones LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp of the borrowing benchmark from next year in a fresh bid to try to increase the number of banks that contribute to its calculation. Coming more...
HP forecasts 2024 profit in line with estimates, boosts annual dividend
Date: October 11, 2023
HP forecasts 2024 profit in line with estimates, boosts annual dividend (Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the...
Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say
Date: October 11, 2023
Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broadband will likely have to wait for the next European Commission to decide whether to propose rules to this...
Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement
Date: October 11, 2023
Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt. The Ireland-based company reached a relatively...
Estonia launches investigation into underwater communications cable malfunction -PM
Date: October 11, 2023
Estonia launches investigation into underwater communications cable malfunction -PM (Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under the Baltic Sea, Estonian Prime Minister Kaja Kallas said in a statement late on Tuesday. Following the damage of a cable and a nearby pipeline, in what Finland...