LONDON (Reuters) – Martin Sorrell’s S4 Capital said artificial intelligence (AI) was helping the advertising group to become more efficient and navigate pressure from clients seeking to cut costs. S4, founded by the ad boss after he left WPP, reiterated its full-year net revenue outlook after the first quarter, saying growth was driven by U.S….
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Thursday that while war in Ukraine has impacted the company’s costs, customers need not worry about the impact being passed on in price hikes. “War happening in a far away place – the Ukraine war – has ripple effects that reach us,” said Taiwan…
BEIJING (Reuters) – China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China’s commerce ministry on Thursday. Shu said at a news briefing that such U.S. behaviors will affect companies’ normal operation and damage the international economic and trade order. (Reporting by…
By Harry Robertson LONDON (Reuters) – Italian bonds face a rockier road in the coming months after a period of unusual calm, starting with credit ratings decisions over the next two weeks. Ratings agency Fitch will pronounce on Italy’s creditworthiness on Friday. Moody’s will follow suit on May 19, and there is a small risk…
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday. Japan, chairing the Group of Seven advanced economies this year, invited Brazil to take…
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday warned that adjusted operating earnings could decline by as much as 10% this year as the outlook for its specialty chemicals business darkened, offsetting an upswing in drug prescriptions. The company said it was expecting between 6.1 billion euros ($6.71 billion) and 6.7 billion…
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday warned that adjusted operating earnings could decline by as much as 10% this year as the outlook for its specialty chemicals business darkened, offsetting an upswing in drug prescriptions. The company said it was expecting between 6.1 billion euros ($6.71 billion) and 6.7 billion…
TOKYO (Reuters) – Japanese automaker Subaru Corp laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by around 2026 as it seeks to tap into the growing EV market. The company, known for its Outback crossover and heavy dependence on the North…
BERLIN (Reuters) – Deutsche Telekom slightly raised its full-year operating profit target on Thursday after reporting a small bump in first-quarter revenue and profit that was in line with expectations. The group now expects adjusted operating profit (EBITDA AL) to now reach 40.9 billion euros ($45.02 billion) in 2023, from previous guidance of 40.8 billion…
PARIS/BEIJING (Reuters) – French Foreign Minister Catherine Colonna and her Chinese counterpart Qin Gang agreed on the need to “develop an economic relationship that is both stronger and more balanced”, the foreign ministry in Paris said after they met on Wednesday. The meeting followed French President Emmanuel Macron’s visit to China in April and came…
