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Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say

EXCLUSIVE-Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say Adds details on Chinese market in paragraphs 6-8 By Supantha Mukherjee STOCKHOLM, Oct 17 (Reuters) - Nokia NOKIA.HE has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.
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Europe before the bell: TSMC boost, Nestle miss

LIVE MARKETS-Europe before the bell: TSMC boost, Nestle miss Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: TSMC BOOST, NESTLE MISS European shares were set for a steady start on Thursday, ahead of a widely expected rate cut by the ECB later in the day and as soaring demand for AI applications helped Taiwanese chipmaker TSMC's 2330.TW profit growth beat e
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Nokia joins Ericsson in seeing signs of recovery after mixed results

UPDATE 2-Nokia joins Ericsson in seeing signs of recovery after mixed results Company reports 9% rise in Q3 operating profit, beats estimates Net sales fall 8% to $4.33 bln euros, missing expectations North America has started to show signs of growth, CEO says India will return to growth next year, CEO adds Adds net sales in paragraph 2, context in paragraph 3, CEO comments in paragraphs 4-6, 9, 11, background paragraphs 8, 10 By Supantha Mukherjee STOCKHOLM, Oct 17 (Reuters) - Finnish telecom e
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Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say

EXCLUSIVE-Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say Adds Nokia shares in paragraph 5, Vodafone Idea contract win paragraph 9, Samsung did not respond in paragraph 12 By Supantha Mukherjee STOCKHOLM, Oct 16 (Reuters) - Finland's Nokia NOKIA.HE is in talks with Bharti Airtel BRTI.NS about securing a multi-billion dollar contract to provide 5G telecom equipment for the Indian mobile operator which is expanding its network, three sources familiar with the ma
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Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say

EXCLUSIVE-Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say STOCKHOLM, Oct 16 (Reuters) - Finland's Nokia NOKIA.HE is in talks with Bharti Airtel BRTI.NS about securing a multi-billion dollar contract to provide 5G telecom equipment for the Indian mobile operator which is expanding its network, three sources familiar with the matter said.
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Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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Telecoms giant America Movil triples quarterly net profit in Q3

UPDATE 2-Telecoms giant America Movil triples quarterly net profit in Q3 Adds subscriber gains in paragraph 9; operating profit and financing costs in paragraph 10; context in paragraphs 11-12 MEXICO CITY, Oct 15 (Reuters) - Mexican telecommunications giant America Movil AMXB.MX reported on Tuesday that it more than tripled its net profit in the third quarter from a year ago, d ue in part to a weaker peso boosting its foreign earnings and lower financing costs.
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Tech, banks spark new US records as China relapses

MORNING BID AMERICAS-Tech, banks spark new US records as China relapses A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records , with Big Tech and Big Banks stirring earnings season excitement even as China's markets turn tail on demand worries and stimulus doubts.
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FOMO is coming back

LIVE MARKETS-FOMO is coming back STOXX 600 down 0.1% Energy top faller, airlines up Ericsson sees demand recovery Wall St futures ease Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FOMO IS COMING BACK The strong U.S. jobs report for September and China's stimulus announcements have worked their magic on expectations around prospects for Europe's equity markets.
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Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years

UPDATE 2-Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. INSEE: French inflation slowed more than expected in Sept. Energy shares hit multi-week lows Ericsson climbs after Q3 core profit beat Deutsche Bank falls after Goldman carries out stock sale Updated at 1600 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 15 (Reuters) - European shares posted their
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Crude drop drives price action

LIVE MARKETS-Crude drop drives price action STOXX 600 up 0.2% Energy top faller, airlines up Ericsson sees demand recovery Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CRUDE DROP DRIVES PRICE ACTION European shares got off to a slightly higher start on Tuesday with the steep drop in crude oil shaping price action.
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European shares climb to two-week highs; oil stocks slump

European shares climb to two-week highs; oil stocks slump For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 15 (Reuters) - European shares scaled a fresh two-week high on Tuesday, while investors monitored the ongoing corporate earnings season and awaited further economic cues from the central bank's interest rate decision due later this week.
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Ericsson shares hit 2.5-year high after Q3 beat

BUZZ-Ericsson shares hit 2.5-year high after Q3 beat ** Shares in Ericsson ERICb.ST jump more than 9% after the Swedish telecom equipment maker reported consensus-beating Q3 adj. EBIT of SEK 7.33 billion ($701.9 million) ** The shares touch their highest price since April 2022 at SEK 86.24 ** Sales met expectations, while adj. EBIT exceeded the LSE
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European futures inch higher

LIVE MARKETS-European futures inch higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN FUTURES INCH HIGHER European shares looked set to tick higher on Tuesday after another record close on Wall Street and as crude prices fell nearly 4% following a Washington Post report saying Israel would strike Iranian military, not nuclear or oil, targets.
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Ericsson sees signs of demand recovery after Q3 beat, shares up

UPDATE 3-Ericsson sees signs of demand recovery after Q3 beat, shares up Net sales of 61.8 bln crowns beat estimates of 61.6 bln Sales in North America jump 50% to 20.4 bln crowns Adjusted core earnings 7.33 bln crowns vs estimate of 5.75 bln Shares up 9%, highest since April 2022 Adds shares in paragraph 2, analyst comment in 6, AT&T contract in 9, CFO comment in 10 By Supantha Mukherjee STOCKHOLM, Oct 15 (Reuters) - Sweden's Ericsson ERICb.ST said on Tuesday the telecom equipment market is sho
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Ericsson Sees IPR Revenues To Reach At Least SEK 13 Bln In 2024

BRIEF-Ericsson Sees IPR Revenues To Reach At Least SEK 13 Bln In 2024 Oct 15 (Reuters) - Telefonaktiebolaget LM Ericsson ERICb.ST : Q3 RESTRUCTURING CHARGES AMOUNTED TO SEK -1.6 (-0.9) B. MAINLY RELATED TO REDUNDANCY ACTIVITIES IPR REVENUES EXPECTED TO REACH AT LEAST SEK 13 B. IN 2024 SIGNS THAT OVERALL MARKET IS STABILIZING WITH NORTH AMERICA ON N
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Ericsson Q3 core profit beats expectations

Ericsson Q3 core profit beats expectations STOCKHOLM, Oct 15 (Reuters) - Swedish telecom equipment maker Ericsson ERICb.ST reported on Tuesday a rise in core earnings that beat expectations helped by a rebound in demand for 5G gear in North America. Its adjusted core earnings, excluding impairments, stood at 7.33 billion Swedish crowns ($702.4 million) compared with 3.9 billion crowns reported a year earlier and beat a 5.75 billion crown mean forecast in an LSEG poll of analysts.
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Ericsson gets new 5G contract from India's Bharti Airtel, sources say

EXCLUSIVE-Ericsson gets new 5G contract from India's Bharti Airtel, sources say Adds context in paragaphs 3-4, further comment from source in paragraph 5, background on telecom industry paragraphs 7-9 By Supantha Mukherjee STOCKHOLM, Oct 14 (Reuters) - Swedish telecom gear maker Ericsson ERICb.ST has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel BRTI.NS , two sources familiar with the matter said.
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Ericsson gets new 5G contract from India's Bharti Airtel - sources

EXCLUSIVE-Ericsson gets new 5G contract from India's Bharti Airtel - sources By Supantha Mukherjee STOCKHOLM, Oct 14 (Reuters) - Swedish telecom gear maker Ericsson ERICb.ST has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel BRTI.NS , according to two sources familiar with the matter. This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone Idea.
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Pareto initiates Swedish landlord Corem with 'buy' on low valuation

BUZZ-Pareto initiates Swedish landlord Corem with 'buy' on low valuation ** Pareto initiates Corem Property COREa.ST with a "buy" rating and a PT of SEK 10.40, saying the Swedish commercial real estate firm is undervalued at its current price of SEK 8.50 ** The broker says the recent 19% sell-off, based on rumours in local media that Ericsson ERICb
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