IBM marks strong start to new chapter as cloud revenue booms
IBM (IBM.N) on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business.
S.Korea’s GDP growth climbs to 11-year high, but recovery uneven
South Korea’s economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and construction activity, tempering declines in capital investment and a slow recovery in the coronavirus-hit service sectors.
THE CRYPTOVERSE-Teenage bitcoin throws an interest rate tantrum
Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset – but watch out for the teenage tantrums.
China’s Tencent fires 70 staff, blacklists 13 firms in anti-graft campaign
Tencent Holdings (0700.HK), China’s biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts.
Swatch Group returns to profit, sees strong sales ahead
Swiss watchmaker Swatch Group (UHR.S) said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021.
Analysis: After explosion in costs, central Europe’s factories are passing on the pain
Czech foundry Benes a Lat has seen its energy bill double in the past year and its finance director is racing to get client contracts rewritten so it can pass on some of the burden.
Analysis: Volatile markets, Fed uncertainty add to U.S. dip buyers’ risks
Wild swings in stocks are testing the resolve of investors employing one of Wall Street’s most popular strategies: buying the dip.
Analysis: Baptism by fire awaits today’s rate-hike rookies
Today’s central bankers have the unenviable task of weaning a pandemic-hit global economy off cheap money amid unprecedented sovereign debt levels and with asset prices inflated by years of stimulus and near-zero interest rates.
EXCLUSIVE Vodafone and Iliad in talks to combine Italian units – sources
Telecom firms Vodafone (VOD.L) and Iliad are in talks to strike a deal in Italy that would combine their respective businesses in a bid to end cut-throat competition in the euro zone’s third-biggest economy, sources familiar with the matter told Reuters.
Oil rises on elevated geopolitical risks in Europe and Middle East
Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter.
