Straumann maintains a modest 2022 outlook despite strong sales, shares slip

The logo of dental implant manufacturer Straumann Group is seen at its headquarters in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register Shares down 10% in afternoon trading Maintains 2022 outlook for low-double-digit pct organic growth ‘Several gray clouds’ prevent co from raising guidance – CEO … Read more

Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc (TWTR.N) have a … Read more

Easing raw material costs promising for Indian consumer companies

Sachets of shampoo by Sunsilk, a Hindustan Unilever Limited (HUL) brand, hang on display at a shop in the old quarters of Delhi May 13, 2013. REUTERS/Mansi Thapliyal Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 3 (Reuters) – Softening commodity prices are holding out hope for Indian consumer-goods firms that … Read more

European shares slip ahead of economic data; Avast soars

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 2, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – European shares fell in early trading on Wednesday ahead of key business growth data, while broader markets weighed the potential fallout from … Read more

Swiss National Bank posts record H1 loss, says no policy impact

A general view shows the building of the Swiss National Bank (SNB) in Zurich, Switzerland June 23, 2022. Picture taken with a drone. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Central bank has biggest half year and quarterly loss since 1907 SNB says losses will have no influence on monetary policy … Read more

Holcim raises full-year sales outlook after Q2 beats forecasts

The new logo of Swiss cement maker Holcim is seen in a block of concrete during the Holcim Capital Markets Day event in Basel, Switzerland, November 18, 2021. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, July 27 (Reuters) – Holcim (HOLN.S) beat sales and profit forecasts during its second quarter, … Read more

Analysis: Crisis of confidence stifles China’s economic recovery

Consumers tighten belts, private businesses cut spending Private sector feeling most of the pain of China’s slowdown Policy measures likely to remain focused on infrastructure BEIJING, July 26 (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume … Read more

UniCredit Italy private banking head exits as business reorganized

MILAN, July 25 (Reuters) – UniCredit (CRDI.MI) is further overhauling its structure under CEO Andrea Orcel, an internal memo showed on Monday, in changes that include the departure of Stefano Vecchi, head of the group’s Italian private banking and wealth management unit. Since taking the reins at UniCredit in April 2021, Orcel has been reorganizing … Read more

Dollar supported by market caution as growth fears dominate

Dollar up vs Euro, Yen, Aussie, Kiwi Investors seek safety amid growth fears Fed expected to hike rates 75 bps on Wednesday LONDON, July 25 (Reuters) – The dollar held firm in early trading on Monday as traders sought safer assets and braced for a sharp US interest rate hike later this week. European stock … Read more

Swiss bank Julius Baer was hit by the market downturn during the first half of the year

The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, July 25 (Reuters) – Julius Baer (BAER.S) reported on Monday a 26% drop in shareholders’ profit for the first half of 2022, as … Read more