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Markets

Photo finish: End of an era as Olympus sells camera division

It's the end of an era: Japan's Olympus said Wednesday it is selling its struggling camera division to focus on medical equipment -- now the major portion of the storied firm's business.

Markets

China loses appetite for salmon, seafood on virus contamination worries

China's appetite for salmon and other seafood has crashed this month, after a resurgence in coronavirus infections in Beijing was traced to chopping boards for imported salmon in a wholesale food market in the capital.

Markets

Italy audit court OKs state guarantees for US$7.1 billion bank loan for Fiat Chrysler: source

Italy's audit court has given its green light to a decree offering state guarantees for a 6.3-billion euro (US$7.12 billion) loan for Fiat Chrysler's Italian Unit, a source said, paving the way for the largest crisis loan to a European carmaker.

Markets

Huawei opens Shanghai flagship store as US pressure grows

Chinese telecom giant Huawei opened its second global flagship store in Shanghai on Wednesday, part of plans to strengthen its brand in its core Chinese consumer market as it faces headwinds overseas.

Markets

Singapore’s Grab puts partnership with troubled Wirecard on hold

Southeast Asian ride-hailing and payments firm Grab said it had put a partnership with Wirecard on hold till further notice, days after Wirecard disclosed a US$2.1 billion financial hole that threatens the German firm's future.

Markets

Former Wirecard CEO Markus Braun released from custody: Lawyer

Former Wirecard CEO Markus Braun, who was arrested on suspicion of falsifying the German payments firm's accounts, has been released from custody, his lawyer told Reuters on Wednesday.

Markets

New Nokia CEO Lundmark to take over a month earlier than planned

Nokia's new chief executive Pekka Lundmark will join the company on August 1, a month earlier than planned, the Finnish telecom equipment maker said on Wednesday.

Markets

Evolution Gaming offers to buy NetEnt for 19.6 billion SEK

REUTERS: Sweden's Evolution Gaming Group AB said on Wednesday it has offered to buy NetEnt AB for 19.6 billion Swedish crowns (US$2.12 billion) in stock. The offer of 79.93 crowns per share represents a premium of 43per cent over NetEnt's closing price on Tuesday. (US$1 = 9.2595 Swedish ......

Markets

Google to invest up to US$2 billion in Polish data centre, paper says

Google will invest as much as US$2 billion in a data centre in Poland to deal with cloud services, the Puls Biznesu daily said on Wednesday.

Markets

AXA SmartPlan customers to get extra month of free insurance coverage

AXA Insurance on Wednesday said existing and new SmartPlan customers will receive an additional month of free insurance coverage for their annual policy upon renewal or new enrolment from June 1 to Aug 31.

Markets

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