By Huw Jones LONDON (Reuters) – European Union banks’ plans for surviving a major crisis without having to tap central bank money will undergo intense scrutiny next year, the bloc’s banking watchdog said. The need for credible options was reinforced after the Swiss central bank stepped in with a liquidity backstop for Credit Suisse in …
EU banks face liquidity checks next year after 2023 crises Read More »
(Reuters) – Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6% after the bell. The company also said CFO Jan Siegmund would retire in early 2024. The New Jersey-based company expects current-quarter revenue of …
Cognizant projects revenue above estimates, CFO to retire in 2024 Read More »
By Chavi Mehta, Stephen Nellis and Max A. Cherney (Reuters) – Qualcomm forecast fourth-quarter sales below market expectations on Wednesday and said it would likely cut jobs as consumer spending on gadgets like smartphones remained stubbornly weak amid slowing global economic growth. Demand for consumer electronics has also been hampered by China’s slower-than-expected economic recovery. …
Qualcomm forecasts sales below estimates as smartphone slump persists Read More »
By Hannah Lang (Reuters) -Robinhood Markets Inc reported higher second-quarter revenue on Wednesday as interest rates continued to buoy the online brokerage’s interest income, achieving profitability for the first time as a public company even as it saw fewer users. Shares of the company, which was at the center of 2021’s retail trading frenzy, were …
Robinhood beats revenue estimates, shares fall on decline in users Read More »
By Huw Jones LONDON (Reuters) – A global body on Wednesday proposed its first set of comprehensive rules for auditing climate-related company disclosures in an anticipated move regulators have said is crucial for giving investors information free of greenwashing. Stricter European Union, U.S. and global rules are being introduced over coming months to replace a …
Standards body proposes rules for auditing company climate disclosures Read More »
By Nette Noestlinger, Matthias Baehr and Elizabeth Howcroft LONDON (Reuters) – Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters. Co-founded by OpenAI CEO Sam Altman, Worldcoin launched last …
Worldcoin says will allow companies, governments to use its ID system Read More »
(Reuters) – Advanced Micro Devices’s shares fell about 6% on Wednesday as analysts raised concerns that the chip designer’s targets for an artificial intelligence (AI) ramp-up may be too ambitious. The fall came amid a broader sell-off in the tech sector that saw megacap stocks fall 1.5% to 5% and the Philadelphia SE Semiconductor Index …
AMD shares fall as analysts worry AI chip targets may be ambitious Read More »
By Tatiana Bautzer and Shankar Ramakrishnan NEW YORK (Reuters) – UBS Group is laying off employees from Credit Suisse’s investment bank this week in New York, a source familiar with the situation said. The source declined to specify the scale of layoffs and the specific businesses affected. On top of the layoffs in New York, …
UBS lays off Credit Suisse investment bank staff, closes Houston office -source Read More »
PARIS (Reuters) – Transport companies including Thales, MBDA and Fincantieri have won a contract to renovate French and Italian frigates, the French ministry of defence said on Wednesday. The contract will entail the renovation of the French ships Forbin and Chevalier Paul, and the Italian ships Andrea Doria and Caio Duilio. The contract was awarded …
Thales, MBDA and Fincantieri win deal to renovate French and Italian frigates Read More »
(Reuters) -Britain’s competition regulator said on Wednesday it was investigating Cameco Corp and Brookfield Renewable Partners’ $7.9 billion deal to acquire nuclear power plant equipment maker Westinghouse Electric. The Competition and Markets Authority (CMA) said it had invited comments on the deal from interested parties. It did not give any further details. The deal was …
UK regulator probes Cameco, Brookfield Renewable’s $7.9 billion Westinghouse deal Read More »
