H&M cuts 1,500 jobs as part of cost-cutting campaignThe company faces fierce competition and rising costsFourth quarter book restructuring charge of $75.8 millionCOPENHAGEN, Nov 30 (Reuters) - Swedish fashion giant…
Nov 30 (Reuters) - Corporate America is preparing for a potential economic downturn by reducing the employee base as part of its streamlining measures.Job cuts announced by US-based employers jumped…
Bank gives details of latest earnings warningAnalyst highlights asset outflowsSeeks shareholder approval for $4 billion capital raiseStocks open lower after updateZURICH, Nov 23 (Reuters) - Credit Suisse (CSGN.S) expects to…
SINGAPORE, Nov 21 (Reuters) - Standard Chartered (STAN.L) expects Asia and the Middle East to outperform other regions even as inflation spirals and borrowing costs soar risk tipping the world's…
Nov 21 (Reuters) - Bob Iger is to show Wall Street a new side of his character as he returns to lead Walt Disney Co (DIS.N) cutting costs and restoring…
BRASILIA, Nov 15 (Reuters) - A row among aides to Brazil's president-elect over the country's choice to lead the Inter-American Development Bank (IDB) is fueling concerns that die-hard leftists in…
HONG KONG, Nov 16 (Reuters) - China's Tencent Holdings (0700.HK) said on Wednesday it would return capital to shareholders through a distribution of dividends from its $20.3 billion stake in…
Nov 14 (Reuters) - Every time Lucid Group Inc (LCID.O) or Rivian Automotive Inc (RIVN.O) sells an electric car, they lose hundreds of thousands of dollars due to astronomical raw…
Investment decision delayed for four yearsPartners cite skyrocketing costs and supply chain bottlenecksThe project is in danger of being shelved for good - analystEnvironmental activists call it a victory for…
Nov 9 (Reuters) - Meta Platforms Inc (META.O) said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as Facebook's parent company doubled down on…