Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade…
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In Zimbabwe, a post-Mugabe economic revival remains elusive ahead of vote
By Nyasha Chingono HARARE (Reuters) – When Zimbabwe’s President Emmerson Mnangagwa came to power nearly six years ago after the…
Regeneron expects FDA decision on high-dose eye drug this year, shares jump
(Reuters) -Regeneron Pharmaceuticals expects a U.S. decision on a higher-dose version of its blockbuster eye disease drug Eylea in the…
India’s services growth at 13-year high in July on strong demand
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector expanded at its fastest pace in 13 years last month…
Sluggish return of business travelers forces US airlines to rejig their networks
By Rajesh Kumar Singh CHICAGO (Reuters) -U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not…
Brazil’s Ambev Q2 net profit falls 15%, lands below estimates
By Natalia Siniawski (Reuters) -Brazilian brewer Ambev on Thursday reported a 15.2% decline in second-quarter net profit, narrowly missing market…
Merck KGaA flags steeper profit drop on lower orders from drugmakers
By Ludwig Burger FRANKFURT (Reuters) -Germany’s Merck KGaA on Thursday warned of a steeper earnings decline due to a slump…
Wagner fighters seek to unsettle NATO’s eastern flank, Polish PM says
WARSAW (Reuters) -Fighters from Russia’s private Wagner mercenary force are being moved close to NATO’s eastern flank to destabilise the…
Infineon shares slump on Q4 warning, eyes Malaysia expansion
BERLIN (Reuters) – Shares of German chipmaker Infineon tumbled 10% on Thursday after it forecast fourth-quarter revenue would come in…
Decline in euro zone business activity accelerated in July
By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity worsened more than initially thought in July as…