BANGKOK (AP) — Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. Tokyo’s Nikkei 225 index added 0.6% to 26,797.47. The Kospi in Seoul was up 0.1% at 2,324.29 and shares also rose in…
By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson, the Swedish telecoms equipment firm which is facing bribery investigations, reported a rise in second-quarter core earnings on Thursday but missed expectations as margins were hit by increased component and logistics costs. Rising inflation, a chip shortage and Russia’s invasion of Ukraine drove up costs and pushed down…
HELSINKI (Reuters) – Elevator maker Kone on Thursday lowered its sales and profit outlook for this year due to among other things weak second-quarter sales in China, which were hit by COVID-19 lockdowns. ($1 = 0.9980 euros) (Reporting by Essi Lehto, editing by Stine Jacobsen)
(Reuters) – Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions and market turmoil, according to a report on Thursday. The value of deals struck in the first half of 2022 dropped to $144.2 billion,…
