Business
GXO CEO sees large M&A opportunities in Canada
By Amy-Jo Crowley LONDON (Reuters) – GXO Logistics, the world’s largest contract logistics provider, is open to sizeable takeover deals of more…
Business
Google parent to lay off 12,000 workers in latest blow to tech sector
By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is eliminating about 12,000 jobs, or 6% of its workforce, the company said…
Business
Hong Kong’s Cathay Pacific flags up to $893.77 million loss in 2022
(Reuters) -Cathay Pacific Airways Ltd on Friday forecast a fiscal 2022 loss between HK$6.40 billion ($817.18 million) and HK$7.00 billion, but highlighted…
Business
Davos 2023: Cowed crypto crowd feel winter freeze at WEF
By Paritosh Bansal and Divya Chowdhury DAVOS, Switzerland (Reuters) – In the snow and ice on the main drag in Davos, the…
Business
Unilever gets partial win in EU court over Italy competition fine
BRUSSELS (Reuters) – Consumer goods group Unilever secured a partial victory at the European Union’s highest court on Thursday over a 60…
Business
Texas AG to halt most of Citi’s municipal offerings on gun law row
(Reuters) – Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision…
Business
Bankinter’s 58% Q4 net profit rise overshadowed by rise in costs
By Jesús Aguado MADRID (Reuters) -Spain’s Bankinter hit its net profit target in 2022, a year ahead of schedule, powered by higher…
Business
Fed’s Harker says he is ready to downshift to 25-basis-point rate hikes
By Michael S. Derby NEW YORK (Reuters) -Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he is ready for the…
Business
Treasury yields fall after U.S. data, stocks decline
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. 10-year Treasury yields fell to a four-month low on Wednesday as data showed U.S.…
Business
U.S. arrests Bitzlato cofounder, alleges $700 million of illicit funds processed
By Daphne Psaledakis, Raphael Satter and Chris Prentice WASHINGTON (Reuters) – U.S. authorities said on Wednesday they have arrested the majority shareholder…