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UK's Harbour Energy posts 2025 output at top end of guidance
Reuters· 2026-01-22 07:30
Core Viewpoint - Harbour Energy, focused on the North Sea, reported 2025 production at the upper end of its forecast, driven by increased output from new wells and projects [1] Group 1 - The company experienced stronger production due to the successful implementation of new wells [1] - Harbour Energy's production forecast for 2025 has been positively adjusted, reflecting robust operational performance [1]
Societe Generale to cut 1,800 jobs in France
Reuters· 2026-01-22 07:27
Group 1 - Societe Generale announced a reduction of 1,800 positions in its French retail banking branch [1] - The job cuts may extend beyond the French retail banking sector [1]
AB Foods confirms Primark's Christmas quarter sales fell 2.7%
Reuters· 2026-01-22 07:11
Core Viewpoint - Associated British Foods confirmed a decline in underlying sales at its Primark clothing business, reporting a 2.7% drop during the Christmas quarter [1] Company Summary - The Primark clothing business of Associated British Foods experienced a 2.7% decrease in underlying sales for the Christmas quarter [1]
Hyundai Motor's Korean union warns of humanoid robot plan, sees threat to jobs
Reuters· 2026-01-22 06:47
Core Viewpoint - Hyundai Motor's labor union in South Korea has issued a warning against the deployment of humanoid robots by the automaker, citing concerns over potential "employment shocks" that could arise from such technology [1] Group 1 - The labor union emphasizes the need for union approval before any deployment of humanoid robots [1] - The union's stance reflects broader concerns about job security and the impact of automation on employment within the automotive industry [1]
Spain's Bankinter Q4 net profit rises 25% from same period in 2024
Reuters· 2026-01-22 06:43
Core Insights - Bankinter reported a 25% increase in net profit for the fourth quarter compared to the same period in 2024, driven by a rise in fees [1] Company Performance - The net profit growth of 25% indicates strong financial performance for Bankinter in the fourth quarter [1] - The increase in fees contributed significantly to the overall profit growth, highlighting the bank's effective fee-generating strategies [1]
Telenor sells its stake in Thailand's True Corporation for $3.9 billion
Reuters· 2026-01-22 06:07
Group 1 - Telenor has agreed to sell its stake in Thailand's True Corporation for approximately 39 billion Norwegian crowns, equivalent to about $3.92 billion [1]
US Supreme Court sees risk in Trump running roughshod over Fed
Reuters· 2026-01-22 06:02
Core Viewpoint - The U.S. Supreme Court justices appear to support the preservation of the Federal Reserve's independence in setting monetary policy, indicating that undermining this independence could lead to significant economic risks [1] Group 1 - The arguments presented during the Supreme Court session focused on President Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook [1] - The justices' discussions highlighted the importance of maintaining the central bank's autonomy to effectively manage monetary policy [1] - Concerns were raised that any erosion of the Federal Reserve's independence could have tangible negative impacts on the economy [1]
AirAsia X targets up to $600 million debt restructuring after combining airlines
Reuters· 2026-01-22 05:35
Core Viewpoint - AirAsia X aims to restructure $500 million to $600 million in debt following its acquisition of the short-haul aviation business from Capital A [1] Group 1: Company Developments - AirAsia X has recently purchased the short-haul aviation business of Capital A, indicating a strategic move to enhance its operational capabilities [1] - The Deputy Group CEO, Farouk Kamal, has confirmed the debt restructuring target, highlighting the company's focus on financial stability and growth [1]
Goldman Sachs raises 2026-end gold price forecast to $5,400/oz
Reuters· 2026-01-22 04:39
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks' diversification into gold. ...
Crypto firm BitGo raises $212.8 million in US IPO
Reuters· 2026-01-22 03:10
Group 1 - BitGo, a crypto custody firm, priced its U.S. initial public offering (IPO) above its indicated range [1] - The IPO raised a total of $212.8 million [1] - This event marks the first stock market debut by a digital asset company anticipated in 2026 [1]