UniCredit chairman says banking M&A needs European focus -La Stampa
Banking mergers should be aimed at European expansion, UniCredit (CRDI.MI) Chairman Pier Carlo Padoan said in a newspaper interview on Monday, warning against deals that make lenders more domestically focused.
Telefonica buys Ericsson 5G equipment to replace some Huawei gear
Telefonica (TEF.MC) has bought 5G network equipment from Swedish manufacturer Ericsson (ERICb.ST) to replace some of the Huawei gear it has rolled out in Spain, a source at the Spanish firm said on Monday, confirming a report in Expansion newspaper.
EXCLUSIVE Foxconn India iPhone plant extends closure, workers’ hostels inspected
A Foxconn (2317.TW) iPhone factory in India at the centre of a mass food-poisoning incident will extend a week-long closure by an extra three days, a senior official for the state of Tamil Nadu told Reuters.
Credit Suisse may take legal action against SoftBank over Greensill debt -court document
Credit Suisse is seeking information through the U.S. courts which could lead to it taking legal action in Britain against SoftBank Group Corp to recover funds it says are owed to its Greensill-linked supply chain finance funds, U.S. court documents show.
World economy to top $100 trillion in 2022 for first time: report
The world’s economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday.
UK businesses report weakest growth since last lockdown – CBI
British businesses have reported their weakest growth since the country was under lockdown earlier this year and they expect a further slowdown in early 2022, the Confederation of British Industry (CBI) said on Thursday.
Japan raises FY2022 GDP growth estimate amid risks to outlook
Japan upgraded on Thursday its growth projections for the next fiscal year starting in April, saying it expected gross domestic product (GDP) to hit a record even amid risks from the Omicron variant and supply constraints, Cabinet Office officials said.
Japan to unveil record $943 bln budget draft to ensure post-COVID recovery
Japan’s government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world’s heaviest debt, a draft plan seen by Reuters showed.
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake
Chinese gaming and social media company Tencent (0700.HK) will pay out a $16.4 billion dividend by distributing most of its JD.com (9618.HK) stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
Analysis: After another stunning U.S. stock market year, investors wonder how much gas is left
The U.S. stock market is set to deliver a three-peat of stellar annual returns, but chances of a similar performance in 2022 may be threatened by a more hawkish Federal Reserve, slowing earnings growth and a relentless pandemic.
