(Reuters) -Emerging markets-focused asset manager Ashmore Group on Wednesday reported a 54% drop in its half-yearly profit before tax as net outflows and subdued investor risk appetite hit its assets under management. The company reported profit before tax of 53.8 million pounds ($64.76 million) in the six months to end-December during which it saw net …
UK’s Ashmore half-year profit slumps on tepid risk appetite Read More »
By James Pearson and Raphael Satter LONDON/WASHINGTON (Reuters) -A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the U.S. and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more than 3,800 victims of a fast-spreading digital extortion …
Ransomware outbreak hits Florida Supreme Court, US and European universities Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen AG’s earnings margin was at the upper end of its forecast for 2022 at 8.1%, with sales and earnings above 2021 levels despite supply-chain turmoil dragging its net cash flow far below target, the carmaker said on Tuesday. Earnings of 22.5 billion euros ($24.11 billion) put Volkswagen at the …
Volkswagen boosts earnings in 2022, high inventory drags down cash flow Read More »
BERLIN (Reuters) – Medical diagnostics company Qiagen offset a sharp fall in demand for COVID-19 products at the end of the year with a strong performance in its core businesses, the company said, announcing its full-year and fourth quarter results on Tuesday. Fourth quarter revenues came in at $498 million, a 14% fall compared with …
Strong core growth offsets dwindling COVID-19 demand for Qiagen Read More »
By Christian Kraemer and David Lawder WASHINGTON (Reuters) – France and Germany’s economy ministers found a willingness in Washington to engage with Europe’s concerns over the U.S. Inflation Reduction Act but emerged with few specifics from meetings with top officials there. European capitals worry that the act, designed to at once shelter U.S. companies from …
France, Germany protest U.S. subsidies on Washington trip Read More »
MADRID (Reuters) – Wind turbine maker Siemens Gamesa exited the Madrid stock market after 22 years on Tuesday, ending its last day of trading at 18.05 euros ($19.3), the same price per share its parent company offered to pay to take it private. The stock market regulator CNMV on Friday ordered the suspension of trading …
Wind turbine maker Siemens Gamesa exits Madrid stock market after 22 years Read More »
By Blake Brittain (Reuters) -Meta Platforms Inc and blockchain nonprofit Dfinity Foundation have resolved Dfinity’s trademark lawsuit against Meta over its infinity-symbol logo, according to a joint filing in San Francisco federal court. Meta and Dfinity asked the court Monday to dismiss the case with prejudice, which means it cannot be revived. A Meta spokesperson …
Meta, nonprofit end U.S. lawsuit over infinity-logo trademark Read More »
(Reuters) – The U.S. Treasury Department will lift sanctions imposed on a former Russian Sberbank <SBER.MM> subsidiary that is now wholly owned by a Kazakh firm, its spokesperson and a U.S. official told Reuters on Tuesday. The Treasury imposed sanctions on the entity, previously called Subsidiary Bank Sberbank of Russia Joint Stock Co, in February …
U.S. to lift sanctions on former Russian Sberbank unit Read More »
MADRID (Reuters) -Sabadell has picked Italian payments group Nexi as the preferred bidder to acquire the Spanish bank’s retailers’ payments business, two sources with knowledge of the matter said. Nexi prevailed over rival Worldline after it submitted an offer worth around 400 million euros, one of the sources said. The business that handles shopowners’ payments …
Sabadell picks Nexi as preferred bidder for payments business -sources Read More »
By Sruthi Shankar and Shashwat Chauhan (Reuters) – UK’s FTSE 100 closed higher on Tuesday as bumper earnings from oil giant BP supported the resources-heavy index, while global risk sentiment was subdued ahead of U.S. Federal Reserve Chair’s comments. The blue-chip FTSE 100 rose 0.4% at close, inching closer to the all-time high it hit …
UK’s FTSE 100 ekes out gains on BP boost, midcaps decline Read More »
