Crocs to buy footwear brand Heydude for $2.5 billion
By Deborah Mary Sophia and Praveen Paramasivam (Reuters) -Crocs Inc said on Thursday it would buy privately owned footwear label Heydude for $2.5 billion, as the rubber clogs maker looks to cash in on
Credit Suisse announces new members of exec board
ZURICH (Reuters) -Credit Suisse announced a wide-ranging overhaul of its executive board on Monday as the Swiss bank seeks to move on from a horrendous year where it has been battered by a stream of
SEC charges UBS, JPMorgan, TradeStation over deficiencies in prevention of customer identity theft
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday charged banking firms JPMorgan and UBS and online broker TradeStation over deficiencies relating to...
Microsoft soothes market fears with forecast for strong revenue growth
By Akash Sriram and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand...
Lufthansa to make pilots new offer in wage dispute as union plans strike
FRANKFURT (Reuters) – German airline Lufthansa said it would make an improved offer to pilots on Tuesday in a bid to stop an escalation of...
Lufthansa ground staff walk out in Germany in pay dispute
By Frank Simon and Timm Reichert FRANKFURT (Reuters) -Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000...
Central Bank governor says China about to issue low-cost loans for emissions cuts
BEIJING (Reuters) - China's central bank will by the end of the month issue a first batch of low-cost loans to financial institutions to enable carbon emissions cuts, state-owned Xinhua reported on
China-focused hedge funds lower exposure as risks mount
By Summer Zhen HONG KONG (Reuters) -Some of Asia’s large China-focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a...
European shares find footing after rough start to week
By Shreyashi Sanyal (Reuters) -European shares edged higher on Tuesday following a bleak start to the week on worries over a looming energy crisis and...
‘Glimmer of hope’ as Ukraine grain ship leaves Odesa port
By Natalia Zinets KYIV (Reuters) -The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the...