Germany’s ProSiebenSat. 1 to cut 400 jobs in push towards digital
BERLIN (Reuters) -German media group ProSiebenSat.1 will cut 400 full-time positions, the company said on Tuesday, as part of restructuring…
Business
Ocado jumps on return to first-half underlying profit
By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, returned to underlying profit in its first…
China SMIC chairman resigns, replaced by chemical industry veteran
SHANGHAI (Reuters) – Semiconductor Manufacturing International Corp (SMIC) said Chairman Gao Yonggang has resigned, marking the latest board level departure…
Evergrande’s liabilities, depleted coffers raise business viability concerns
By Clare Jim HONG KONG (Reuters) – China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports…
Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal
TOKYO (Reuters) – Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to…
World Bank chief Banga unveils new plans to boost lending ‘firepower’
By Andrea Shalal (Reuters) – World Bank President Ajay Banga unveiled new plans on Tuesday to stretch the bank’s balance…
India’s Adani confident of governance, slams Hindenburg
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -India’s Adani Group is confident of its governance and disclosure standards…
TSMC Q2 earnings seen down 27% y/y, Q3 looks better
By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in…
Factbox-Corporate debt woes are on the rise
LONDON (Reuters) – From Britain to Sweden and France, debt-laden firms are starting to feel the strain from high inflation…
Marketmind: China worries keep investors jittery
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China’s…