By Swati Pandey SYDNEY (Reuters) – Australia made a historic foray into quantitative easing on Thursday and said it would do “whatever is necessary” to ensure funding costs are low and credit is freely available as the coronavirus pandemic jolts businesses. Following an out-of-schedule meeting, the Reserve Bank of Australia (RBA) reduced its cash rate […]
STOCKHOLM (Reuters) – Sweden’s Volvo Car Group, owned by China’s Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets. The Gothenburg-based carmaker, which Geely acquired from Ford Motor Co <F.N> in 2010, reported operating earnings of 5.29 billion Swedish […]
STOCKHOLM/FRANKFURT (Reuters) – Fashion retailer H&M <HMb.ST> said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team has taken a range of action and is in close dialogue with all colleagues”, […]
