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Swiss National Bank posts record $143 billion loss in 2022

The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on…

3 years ago

Shell LNG trading provides quarterly boost despite output drop

Earnings from Shell's liquefied natural gas (LNG) trading operations are likely to have been significantly higher in the fourth quarter of…

3 years ago

Salesforce to cut 10% of workforce after hiring “too many people”

Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it…

3 years ago

Exclusive: Tokyo Gas unit nears $4.6 billion deal to buy U.S. natgas producer

A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private…

3 years ago

Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne

L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc, 10 months…

3 years ago

Goldman Sachs to stop making unsecured consumer loans – source

Goldman Sachs Group Inc plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday,…

3 years ago

China shipyards feast on record LNG tanker orders as South Korea builders are full up

China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners…

3 years ago

Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment

Taiwan's economy minister said on Wednesday that the island remains chipmaker TSMC's most important production base after the company announced…

3 years ago

Italy’s Enel to sell assets and focus on six main markets

Enel plans asset sales worth 21 billion euros ($21.5 billion) to reduce net debt and focus its transition to cleaner…

3 years ago

Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources

Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six…

3 years ago