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Logitech chief still confident despite quarterly downturn
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Hungary hikes rates into double digits as inflation keeps rising
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Lumen’s latest report shows astonishing levels of attention achieved by in-game advertising
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Exclusive-US and Taliban make progress on Afghan reserves, but big gaps remain
UBS set for challenging second half after 2nd qtr disappoints
Date: July 26, 2022
By Oliver Hirt and Tom Sims ZURICH (Reuters) – UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh conditions in the second half as well. The Zurich-based bank kicks off a round of earnings by major...
Russia’s Rosneft starts construction of huge Arctic oil terminal
Date: July 26, 2022
MOSCOW (Reuters) – Russian energy giant Rosneft said on Tuesday it has started construction of an Arctic oil terminal at the Bukhta Sever port, part of its huge Vostok Oil project, aimed at facilitating development of the Northern Sea Route. The port will become Russia’s largest oil terminal with 102 reservoirs to be built by...
Caterer Compass raises growth forecast in post-pandemic recovery
Date: July 26, 2022
By Eva Mathews (Reuters) – Compass Group, the world’s largest caterer, raised its revenue growth forecast for the second time this year on the back of new business wins, helping push its shares to their highest in more than two years. Compass, which feeds office workers, the armed forces and school children in 44 countries,...
Unilever, commodity stocks send FTSE 100 to 4-week highs
Date: July 26, 2022
By Sruthi Shankar (Reuters) -UK’s top share index hit four-week highs on Tuesday, bucking the trend in European markets, as an upbeat sales forecast from Unilever and gains in commodity-linked stocks overshadowed worries about an energy crisis in the continent. The blue-chip FTSE 100 gained 0.7%, with oil major Shell and miner Glencore among the...
Sterling edges higher as economic outlook darkens rate view
Date: July 26, 2022
LONDON (Reuters) – Sterling reached more than two-week highs on Tuesday, but was confined in recent trading ranges as analysts assessed the prospect of a 50 bps rate hike by the Bank of England against the backdrop of a worsening economic outlook. The BoE will likely shy away from a bigger interest rate rise in...
Analysis-Crisis of confidence stifles China’s economic recovery
Date: July 26, 2022
By Kevin Yao and Sophie Yu BEIJING (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero. The problem, founder Lin Haiping says, is that consumers would not...