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Syngenta 4Q profit falls as raw material prices increase
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Jittery markets attempt risk-on rally while waiting for Powell
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India resists calls for more air access in drive to be global aviation force
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UK employers see slight fall in pay awards over 2023 – XpertHR
Departing Intel exec to focus on loosening Nvidia’s grip on AI for movies, games
Date: March 22, 2023
By Stephen Nellis (Reuters) -Raja Koduri, the chief architect at Intel Corp, is leaving to start a company that aims to loosen longtime rival Nvidia Corp’s grip on the digital movie and video game markets. Koduri, whose departure was announced by Intel Chief Executive Pat Gelsinger in a tweet on Tuesday, told Reuters his as-yet-unnamed...
Some Credit Suisse AT1 bondholders seek legal advice -law firms
Date: March 22, 2023
By Laura Matthews and Chiara Elisei (Reuters) -Law firm Pallas Partners and a Swiss counsel are working on possible legal action for some Credit Suisse bond investors whose holdings were wiped out following the bank’s takeover by UBS Group AG, Pallas Partners said. London-based Pallas Partners told Reuters on Tuesday it was in contact with...
Global bank bonds claw back losses as markets rout eases
Date: March 21, 2023
LONDON/SINGAPORE (Reuters) – An uneasy calm descended across battered bank bonds and shares on Tuesday, with prices recovering a day after regulators sought to convince investors that the hit facing bondholders of embattled Credit Suisse is isolated. Additional Tier 1 (AT1) bonds issued by European lenders rose, with UniCredit’s 6.625% issue up more than 5...
Telecom Italia in talks with unions on up to 2,000 job cuts in Italy
Date: March 21, 2023
MILAN (Reuters) – Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme as part of the former phone monopoly efforts to streamline its domestic operations, sources familiar with the matter said. Fresh plans aimed at reducing a workforce which numbers some 40,000 in Italy...
Screening of ‘Winnie the Pooh’ horror film cancelled in Hong Kong
Date: March 21, 2023
By Jessie Pang and Farah Master HONG KONG (Reuters) -The screening of “Winnie the Pooh: Blood and Honey”, a British slasher film due to be released in Hong Kong this week, has been cancelled, its distributor said on Tuesday, without giving a reason for pulling it. VII Pillars Entertainment said on its Facebook page that...
EXCLUSIVE-Olympics-Paris 2024 plans Games relay changes, fewer torches-source
Date: March 21, 2023
BERLIN (Reuters) – Paris 2024 Olympic torchbearers may not all get to keep their torches as a cherished memento of the Games because organisers plan to cut down on the number made in the name of sustainability, a source told Reuters. It is still unclear how many torches, which usually burn a mixture of gases,...