Credit Suisse Mulls Cutting Thousands Of Jobs Globally, Report Says
(Reuters) – Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people…
Russia’s Gazprom To Get 50% Of Replacement For Sakhalin-2 LNG Project
MOSCOW (Reuters) -Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project,…
Eli Lilly Cuts Annual Profit Forecast For Second Time
(Reuters) – Eli Lilly and Co on Thursday cut its full-year profit forecast for the second time after reporting a…
Oil Prices Stabilize After Drop To Near 6-month Low
By Rowena Edwards LONDON (Reuters) -Oil prices were broadly steady on Thursday as the market weighed tight supply against demand…
Australia to protect Barrier Reef by banning coal mine
CANBERRA, Australia (AP) — Australia’s new government announced on Thursday it plans to prevent development of a coal mine due…
Taiwan cancels flights as China holds military drills
BEIJING (AP) — Taiwan canceled airline flights Thursday as China fired missiles near the self-ruled island in retaliation for a…
Hit By Rising Costs And Supply Snarls, Toyota Profit Tumbles 42%
By Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp’s profit slumped a worse-than-expected 42% in its first quarter as the Japanese…
Bank of England predicts recession at the end of the year
LONDON (AP) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it…
Uniqlo Owner Fast Retailing To Open First GU Discount Clothing Store In U.S
TOKYO (Reuters) – Japan’s Fast Retailing, the owner of global clothing chain Uniqlo, said on Thursday it would open its…
Asian stock markets rise ahead of US jobs data
BEIJING (AP) — Asian stock markets rose Friday ahead of an update on the health of the U.S. jobs market…