Featured Reuters
Take Five: Surfin USA
Credit Agricole's Q1 earnings jump as investment banking beats rivals
By Mathieu Rosemain PARIS (Reuters) - Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. ...
Adidas plots to swerve Samba slump
By Helen Reid LONDON (Reuters) - As Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle sneakers, it's also taking steps to prevent the shoes from becoming victims of their own success. The ...
Exclusive-Uniper's dormant Russian gas contracts may pose hurdle to listing
By Christoph Steitz, Tom Käckenhoff and Vladimir Soldatkin FRANKFURT/DUESSELDORF/MOSCOW (Reuters) - Uniper, the biggest corporate victim of Europe's energy crisis, is looking to the courts to solve the issue of its dormant Russian gas supply ...
North America drives Daimler Truck to core profit beat
By Louis van Boxel-Woolf and Isabel Demetz (Reuters) -Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros ($1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a ...
Investors flood into Taiwan ETFs on AI boom, unnerving some
By Faith Hung TAIPEI (Reuters) - Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned ...
Morning Bid: Yen's wild week has bears wary
A look at the day ahead in European and global markets from Ankur Banerjee: A more dovish-than-expected Federal Reserve meeting and an eye-watering $110 billion share buyback programme from Apple have boosted risk sentiment ahead of the crucial U.S.
SocGen Q1 profit slumps less than expected as investment bank surprises
By Mathieu Rosemain PARIS (Reuters) -French bank Societe Generale's net income fell less than expected in the first quarter, as profits on equity derivative sales offset weaknesses at its retail bank and in fixed-income trading. France's ...
SVB Financial to sell VC business SVB Capital
(Reuters) -Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created entity, backed by permanent capital from ...
Global hedge funds chase Hong Kong stocks rally, UBS says
By Summer Zhen HONG KONG (Reuters) - Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note.
Asian stocks surge; yen extends gains to cap wild week
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention ...