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Exclusive-Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say

By Supantha Mukherjee STOCKHOLM (Reuters) - Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part

Reuters

Thu, Oct 17

UniCredit in court limbo over ECB's Russia demands, sources say

By Stefania Spezzati LONDON (Reuters) -UniCredit is still awaiting a court decision over whether it must immediately reduce its Russia business to comply with a European Central Bank order, months

Reuters

Thu, Oct 17

Itochu's deal to buy stake in Brazil's CSN Mineracao implies 26% premium

SAO PAULO (Reuters) - Brazilian steelmaker CSN's deal to sell a stake in CSN Mineracao to Japan's Itochu implies a 26% premium over the previous closing price for shares in its mining subsidiary, a

Reuters

Thu, Oct 17

TSMC bullish on outlook as AI boom blows Q3 profit past forecasts

By Yimou Lee, Ben Blanchard and Faith Hung TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump

Reuters

Thu, Oct 17

PPG to lay off 1,800 employees in US, Europe in cost-cut push

(Reuters) - Paints and coatings maker PPG Industries said on Thursday it would lay off 1,800 employees in the United States and Europe and close various facilities as part of its cost-reduction

Reuters

Thu, Oct 17

China welcomes Austrian firms to invest despite EU tariffs plan

BEIJING (Reuters) - China hopes Austrian enterprises will have the confidence to invest in China and cooperate with Chinese partners, even as the European Union plans tariffs on Chinese electric

Reuters

Thu, Oct 17

Nigeria seeing positive results from fiscal reforms, World Bank says

ABUJA (Reuters) - Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay the course, the World Bank said on Thursday. President

Reuters

Thu, Oct 17

Singapore's market regulator lifts ban on brokerage UOB Kay Hian

(Reuters) - Singapore's market regulator on Thursday lifted a ban on UOB Kay Hian Private Ltd after nearly two years, according to a statement by the regulator. Under the ban, imposed in December 2022

Reuters

Thu, Oct 17

Sweden to loosen budget rules to boost infrastructure, defence

STOCKHOLM (Reuters) -Sweden plans to ease tight budget spending rules as it looks to boost spending in areas like infrastructure and defence, Finance Minister Elisabeth Svantesson said on Thursday.

Reuters

Thu, Oct 17

Japan's Chubu Electric eyes increased investment in overseas renewables, SMRs

By Yuka Obayashi TOKYO (Reuters) - Japan's Chubu Electric Power plans to further invest in overseas decarbonisation assets, including renewable energy, small modular reactors (SMRs), and carbon

Reuters

Thu, Oct 17

Indonesia Battery Corp, CATL unit sign JV deal, state media says

JAKARTA (Reuters) - Indonesia Battery Corporation (IBC) and a unit of China's battery giant Contemporary Amperex Technology Co (CATL) have formed a joint venture (JV) firm to build a battery cell

Reuters

Thu, Oct 17

UNIFIL has vital role, mission must be strengthened, Italy says

By Crispian Balmer ROME (Reuters) -The U.N. peacekeeping mission to Lebanon is vital to ending war in the region and needs to be strengthened, not withdrawn from combat zones as Israel has demanded,

Reuters

Thu, Oct 17

Bank of Thailand to hold rates at 2.25% for rest of this year, cut in Q1: Reuters poll

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) - The Bank of Thailand (BOT) will hold its key interest rate at 2.25% at its final policy meeting for the year in December, following an unexpected

Reuters

Thu, Oct 17

Carlyle-backed music venture buys rights to Randy Newman's recorded catalog

By Deborah Mary Sophia and Echo Wang (Reuters) - Litmus Music, a music venture backed by buyout firm Carlyle Group, has acquired the rights to singer-songwriter Randy Newman's song catalog, which

Reuters

Thu, Oct 17

Analysis-Brazil eyes closer regulatory cooperation with new central bank leadership

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) - Brazil's government is preparing to cooperate more closely with the central bank on regulatory issues like cryptocurrencies and meal vouchers

Reuters

Thu, Oct 17

Explainer-Why voters in a handful of swing states will decide the US presidential election

By Joseph Ax (Reuters) - The winner of November's U.S. presidential election will govern a nation of more than 330 million people, but the contest will almost certainly be decided by just tens of

Reuters

Thu, Oct 17

Morning Bid: TSMC steadies chip ship, ECB set to ease

A look at the day ahead in U.S. and global markets from Mike Dolan Tech-heavy stock markets are set to breathe a sigh of relief on Thursday as the world's largest chipmaker beat the street and eased

Reuters

Thu, Oct 17

China boosts funds for housing projects to support embattled sector

By Joe Cash and Liangping Gao BEIJING (Reuters) -China will expand a "white list" of housing projects eligible for financing and increase bank lending for such developments to 4 trillion yuan ($562

Reuters

Thu, Oct 17

Japan's Japex seeks UK North Sea exit with oilfield stake sale

By Ron Bousso and Arunima Kumar LONDON (Reuters) - Japan Petroleum Exploration (Japex) is seeking buyers for its stake in an oilfield in the British North Sea, the latest in a string of exits from the

Reuters

Thu, Oct 17

Yellen to warn sweeping tariffs would ignite inflation, NYT reports

(Reuters) - The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a

Reuters

Thu, Oct 17

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