[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…
Tag: NEWS1
U.S. prosecutors probing collapse of Silicon Valley Bank
[ad_1] March 14 (Reuters) – U.S. prosecutors are investigating the collapse of Silicon Valley Bank, according to a source familiar with the matter, as scrutiny mounts over the firm’s sudden…
German court throws out Rosneft suit over Schwedt control
[ad_1] Germany to extend trusteeship of Rosneft assets Court: reasoning for trusteeship decision was sound Rosneft cannot appeal decision LEIPZIG, Germany/FRANKFURT, March 14 (Reuters) – A court on Tuesday threw…
Moody’s changes outlook on U.S. banking system to ‘negative’
[ad_1] March 14 (Reuters) – Ratings agency Moody’s Investors Service on Tuesday changed its outlook on the U.S. banking system to “negative” from “stable” after the collapse of three major…
Credit Suisse flags ‘material weaknesses’ in reporting, outflows not reversed
[ad_1] Delayed annual report released Auditors PwC included “adverse opinion” on bank’s internal controls Outflows “not yet reversed” ZURICH, March 14 (Reuters) – Credit Suisse (CSGN.S) said in its 2022…
SVB a casualty in ‘battle between fire and ice’ against inflation, bankers hear
[ad_1] LONDON, March 14 (Reuters) – The dramatic collapse of Silicon Valley Bank and the market turmoil it unleashed is part of the “battle between fire and ice” in global…
Spain may cancel remaining Airbus A400M orders -sources
[ad_1] MADRID/PARIS, March 13 (Reuters) – Doubts are growing over the future of Madrid’s remaining orders for the Airbus (AIR.PA) A400M airlifter, European defence sources said on Monday, raising the…
JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT
[ad_1] March 14 (Reuters) – Large U.S. banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) are being inundated with requests from customers trying to transfer funds from…
Silicon Valley Bank collapse: What you need to know
[ad_1] March 14 (Reuters) – Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers failed to…
Japan, Britain, Italy defence ministers to meet in Tokyo this week
[ad_1] TOKYO, March 14 (Reuters) – Britain and Italy’s defence chiefs will visit Japan this week to hold meetings with their local counterpart, Defence Minister Yasukazu Hamada, Japan said on…