By Supantha Mukherjee and Elvira Pollina STOCKHOLM/MILAN – Talk of consolidation among European mobile carriers has grown louder with several executives voicing support as cut-throat price wars drive up debt …
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Vodafone under pressure to test Europe’s appetite for telecom takeovers
by Reutersby ReutersBy Paul Sandle and Kate Holton LONDON – Vodafone boss Nick Read believes competition regulators have eased their opposition to takeovers; all that remains is to test the theory by …
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MILAN – CNH Industrial does not plan to downsize operations in Italy, the head of the Italian-American vehicle maker was quoted as saying on Thursday. Chief Executive Scott Wine also …
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Thai fiscal, monetary policy to help ensure full recovery in 2024 -Finance Minister
by Reutersby ReutersBANGKOK – Thailand’s fiscal and monetary policy are still operating together to achieve 4% economic growth this year and ensure a full economic recovery, its finance minister said on Thursday. …
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Cash in hand, Getlink beats expectations but stays quiet on guidance
by Reutersby Reuters– Getlink’s annual revenues and core profit slightly beat market expectations on Thursday due to cost control though the operator of the Channel Tunnel stayed mute on its guidance. The …
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‘Contrarian’ quant giant Dimensional focuses on U.S. curve short end, corporate debt
by Reutersby ReutersBy Davide Barbuscia NEW YORK – Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to the short end of the …
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Adecco sees solid growth in 2022 after 2% revenue rise in Q4 2021
by Reutersby ReutersZURICH – Adecco expects “solid revenue growth” at the start of 2022, the temporary staffing and training company said on Thursday, after reporting a 2% increase in revenues during its …
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ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the Russian rouble after Moscow launched …
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PARIS -Axa reported a profit on Thursday that more than doubled from last year, with the French insurer recovering from pandemic-related claims during the peak of the COVID-19 crisis. The …
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STOCKHOLM/BERLIN – Deutsche Telekom reported quarterly core profit and revenue above market estimates on Thursday, boosted by its U.S. unit, T-Mobile along with growth in European business. Adjusted earnings before …
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HeidelbergCement HEIG.DE, the world’s second-largest cement maker, expects both sales and core profit to rise in 2022 on the back of global infrastructure programmes and continuing demand for new homes. …
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Exclusive-ECB must keep buying bonds to cushion Ukraine fallout, Stournaras says
by Reutersby ReutersBy Francesco Canepa and Balazs Koranyi FRANKFURT – The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended …
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Amazon labor organizer arrested for trespassing after dropping off food for workers
by Reutersby ReutersBy Jeffrey Dastin and Julia Love -Amazon.com Inc labor organizer Christian Smalls was arrested on Wednesday, accused of trespassing when he delivered warehouse workers food as part of a high-profile …
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Google brings back massages, gyms as San Francisco COVID-19 concerns ease
by Reutersby Reuters-Alphabet Inc’s Google said on Wednesday it is restoring office perks such as massages and gyms at its Mountain View, Calif. headquarters and across the San Francisco Bay Area, as …
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MOSCOW – The Moscow Exchange said on Thursday morning it had suspended trading on all markets. The exchange will announce the resumption of trading at a later date, it said. …
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HONG KONG – Hong Kong private home prices dropped for the fourth consecutive month in January to the lowest since February 2021, official data showed on Thursday, as the financial …
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HONG KONG – The Hong Kong stock exchange operator’s 2021 net profit rose 9% but missed expectations, as China’s regulatory crackdowns resulted in fewer listings and struggling markets hurt its …
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China vows to keep property market stable, meet demand this year
by Reutersby ReutersBEIJING -China’s housing minister pledged on Thursday to keep the real estate market stable this year and ensure genuine demand for homes is met, after a series of regulations aimed …
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Dubai housing a buyer’s market despite surprise price rise – Reuters poll
by Reutersby ReutersBy Md Manzer Hussain BENGALURU – Strong demand is likely to make Dubai house prices rise more sharply this year than previously thought, although plentiful supply is likely to ensure …
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Czech central bank vice-gov says Ukraine crisis will have inflationary effect
by Reutersby ReutersPRAGUE – The crisis around Ukraine will have an inflationary effect on the Czech economy via higher energy prices, the central bank vice-governor Tomas Nidetzky was quoted as saying on …
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Feb 24 – Malaysia’s consumer prices in January rose 2.3% from a year earlier, below forecast, government data showed on Thursday. January’s consumer price index (CPI) was expected to rise 2.5%, according …
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BANGKOK – Domestic car sales in Thailand rose 25.81% in January from a year earlier to 69,455 units, helped by an easing of coronavirus curbs and government support, the Federation …
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Indian economy likely lost steam in final quarter of 2021 – Reuters poll
by Reutersby ReutersBy Prerana Bhat and Tushar Goenka BENGALURU – The Indian economy likely grew at a slower pace in the final quarter of 2021, primarily due to lacklustre manufacturing output and …
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FAA issues 5G warning for Boeing 737s but says practical effects are limited
by Reutersby ReutersWASHINGTON -The Federal Aviation Administration has warned that 5G wireless operations can interfere with radio altimeters in Boeing 737s, impeding a crew’s ability to safely fly or land, but FAA …
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S.Africa building giant WBHO quits Australia, blames ‘hardline’ COVID response
by Reutersby ReutersBy Byron Kaye SYDNEY – South Africa’s biggest construction firm Wilson Bayly Holmes – Ovcon Ltd (WBHO) said it is pulling out of Australia, saying the country’s “hardline” COVID-19 response …