Huge demand at Caterpillar, but global supply constrains
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have…
January 2022
HP Wins Fraud Case Against UK Tech Tycoon Mike Lynch
By Paul Sandle and Kate Holton LONDON (Reuters) -Hewlett-Packard won the majority of its civil case against British tech tycoon…
Electrolux Profit Falls As Supply-chain Headwinds Linger
By Helena Soderpalm STOCKHOLM (Reuters) -Electrolux said on Friday global supply chain issues would persist after posting a drop in…
Italy’s UniCredit Beats Profit Forecasts And Drops Russian Deal
By Valentina Za MILAN (Reuters) -Italian bank UniCredit posted better than expected 2021 results on Friday as the push by…
Dollar Set For Biggest Weekly Rise In 7 Months On Rate Bets
By Saikat Chatterjee LONDON (Reuters) – The dollar consolidated gains on Friday and was on track for its biggest weekly…
LVMH Shares Rise After Luxury Giant’s Q4 Sales Growth Accelerated
PARIS (Reuters) – Shares in LVMH rose on Friday after the world’s largest luxury goods conglomerate reported an acceleration in…
Executive overseeing investments leaves Japan’s SoftBank
TOKYO (AP) — Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork,…
Steelmaker POSCO’s 2021 Profit Jumps On Strong Demand
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean steelmaker POSCO’s operating profit more than tripled to a record…
Lighting Maker Signify’s Q4 Profit Up Despite High Raw Material Costs
AMSTERDAM (Reuters) – Signify NV, the world’s largest lighting maker, reported a 6% increase in fourth-quarter core earnings on Friday,…
UniCredit Beats 2021 Guidance, Renews Insurance Accords With Allianz
MILAN (Reuters) -Italy’s UniCredit on Friday reported better-than-expected full-year revenues and underlying profit, despite one-off hits under a new strategy…