World Economic Magazine

MetLife explores sale of variable annuity business – sources

MetLife Inc (MET.N) is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest…

5 years ago

Telecom Italia board to discuss network spinoff in slow-burn KKR drama

The board of Telecom Italia (TIM) (TLIT.MI) will discuss the group's overhaul on Monday as newly appointed chief executive Pietro Labriola strives…

5 years ago

Analysis: World’s damaged supply chains brace for painful recovery

Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and…

5 years ago

Global equity funds see biggest inflow in six weeks

Global equity funds drew massive inflows in the seven days to Feb. 9 as investors cheered strong earnings results from…

5 years ago

EXCLUSIVE Activist shareholder Quarz opposes terms of $3 bln Singapore REIT merger

Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger…

5 years ago

EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view

Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections,…

5 years ago

Higher steel prices boost Thyssenkrupp amid supply chain strains

Thyssenkrupp (TKAG.DE) said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions - steel…

5 years ago

Unilever faces fresh pressure over margins as it backs down on M&A

Unilever (ULVR.L) warned of a big hit to profit margins this year as it struggles to pass on higher costs to consumers,…

5 years ago

Credit Suisse flags weak 2022, ends a torrid year with $2.2 bln quarterly loss

Credit Suisse (CSGN.S) on Thursday capped a scandal-ridden year with a $2.2 billion quarterly loss and said 2022 earnings would be weighed…

5 years ago

Car sharing and better algorithms – how Uber plans to impress during its investor day

Uber Technologies Inc (UBER.N) will outline its strategy for growth and new business opportunities when it holds its first investor day as…

5 years ago