(Reuters) -Spanish defence and technology firm Indra said on Tuesday its first-quarter net profit fell 3.2% on higher financial costs and heavier taxes. The company booked a net profit of 59 million euros ($66.77 million) down from 61 million euros in the same period last year. The company said it is on track to meet …
Spain’s Indra books slightly lower net profit in first quarter Read More »
FRANKFURT (Reuters) – Uniper on Tuesday posted a 83% decline in first-quarter net profit, hurt primarily by its trading and storage division which incurred losses due to the sale of gas volumes bought during the energy crisis. First-quarter net profit came in at 82 million euros ($93 million), down from 477 million a year earlier, …
A look at the day ahead in European and global markets from Ankur Banerjee Investors are easing off heavy selling of the U.S. dollar after the Taiwan dollar led a dizzying surge in Asian currencies over the past two days. Still, the pause keeps the focus on the ramifications of erratic U.S. trade policy. The …
(Reuters) -IBM on Tuesday made a play for more sales in the crowded artificial intelligence field, touting tools that could help customers manage a fleet of AI agents for their key business applications. In an interview, Chief Executive Arvind Krishna said he saw an opening to provide software that integrates customers’ AI agents from other …
IBM CEO makes play for AI market and more US investment Read More »
By Scott Murdoch and Christine Chen SYDNEY (Reuters) -The CEO of Australia’s second-largest home lender Westpac said on Tuesday the nation’s economy was showing signs of recovery with reduced mortgage stress and rising demand for corporate buyout activity. Chief Executive Anthony Miller said Westpac had seen an improvement in mortgage stress levels, highlighted by fewer …
Australia’s Westpac says ‘worst is behind us’, finance demand for M&A stronger Read More »
DUBLIN (Reuters) – Growth in Ireland’s services sector slowed in April to its lowest level in over a year as international trade tensions weighed on business sentiment, a survey showed on Tuesday. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 52.8 in April from 55.3 in March, still above the 50 level that …
Irish services sector growth slows in April amid trade concerns, PMI shows Read More »
DUBLIN (Reuters) -Irish consumer sentiment dropped sharply for the second month in a row in April to its lowest level in two years as the impact of U.S. tariffs on Ireland’s potentially vulnerable economy raised fears for future growth, a survey showed on Tuesday. Mirroring similarly steep declines in other economies, the Irish Credit Union …
Irish consumer sentiment falls sharply for second successive month Read More »
By Jaiveer Shekhawat (Reuters) -Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson told Reuters on Monday. The workforce reduction equates to approximately 2% of our U.S. firm, the spokesperson said. PwC employs more than 75,000 people in the United States. “This was a difficult decision, …
Big Four accounting firm PwC to slash about 1,500 jobs in the US Read More »
(Reuters) -A Credit Suisse unit on Monday pleaded guilty to U.S. charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than $510 million, the U.S. Department of Justice said on Monday. Credit Suisse Services AG pleaded guilty and was sentenced on Monday for conspiring to hide more than $4 billion …
Credit Suisse to pay $511 million as part of agreement with US DOJ in tax case Read More »
By Pietro Lombardi BARCELONA (Reuters) -Microsoft Chairman Brad Smith has told the European Commission his company will abide by European rules regardless of whether it agrees with them or not, the Commission’s Vice President Teresa Ribera said on Monday. In a chat with reporters in which she addressed issues from digital competition to trade and …
EU’s Ribera says Microsoft has committed to abide by European rules Read More »
