Credit Suisse Flags Hefty Loss As Rich Clients Leave
By John Revill ZURICH (Reuters) -Credit Suisse expects a pre-tax loss of up to 1.5 billion Swiss francs ($1.58 billion)…
2022
Xiaomi Q3 Revenue Falls 9.7% Year-on-year, Net Income Down 59.1%
SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp on Wednesday reported quarterly revenue of 70.17 billion yuan, a 9.7% fall…
Huge Foxconn IPhone Plant In China Rocked By Fresh Worker Unrest
By Brenda Goh and Yimou Lee SHANGHAI/TAIPEI (Reuters) -Hundreds of workers joined protests at Foxconn’s flagship iPhone plant in China,…
Asian shares rise on Fed rate hopes despite China worries
TOKYO (AP) — Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises…
Volkswagen Reaches Wage Deal With German Union
By Jan Schwartz HAMBURG (Reuters) -Metalworking union IG Metall said it had struck a wage deal with Volkswagen for the…
Protesting workers beaten at Chinese iPhone factory
BEIJING (AP) — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new…
Credit Suisse Expects Q4 Pre Tax Loss Of Around 1.5 Billion Sfr
ZURICH (Reuters) -Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion)…
Asia Shares Gain Despite Rising China COVID Cases
By Scott Murdoch SYDNEY (Reuters) – Asian share markets mostly rose on Wednesday but oil and the dollar slipped as…
European, U.S. Demand Have Become Key Drivers Of Metal Prices-Trafigura Chief
SINGAPORE (Reuters) -Demand from Europe and the United States has become a key driver of global metal prices, along with…
New Zealand hikes interest rate to 4.25% to fight inflation
WELLINGTON, New Zealand (AP) — New Zealand’s central bank hiked interest rates Wednesday by a record amount as it tries…