NatWest earnings soar but rising prices bite
By Iain Withers LONDON -British bank NatWest swung to a hefty profit on the back of the country’s economic recovery but said rising prices will make it harder to cut…
By Iain Withers LONDON -British bank NatWest swung to a hefty profit on the back of the country’s economic recovery but said rising prices will make it harder to cut…
By Mimosa Spencer and Silvia Aloisi PARIS -Sales growth at Hermes eased in the final quarter of last year, missing market forecasts and sending its shares down as much as…
By Stephanie Nebehay and John O’Donnell BELLINZONA, Switzerland – Credit Suisse learned of murders and cocaine smuggling allegedly connected to a Bulgarian gang but continued to manage cash that is…
– Tensions over Ukraine are set to keep markets on edge in the week ahead while U.S. consumer data and results from major U.S. retailers will give fresh insights into…
By Marwa Rashad and Isla Binnie LONDON/MADRID – Europe’s liquefied natural gas (LNG) terminals have limited available capacity to absorb extra supply from the United States or other major producers…
LONDON – Investors pumped money into U.S. Treasuries at the fastest pace in nearly two years in the week to Wednesday and yanked funds out of cash, inflation-linked debt and…
SHANGHAI – Online food delivery group Meituan led a rout of Chinese technology company shares on Friday, as authorities announced a series of regulatory moves to boost growth while keeping…
By Stephen Jewkes MILAN -Italy’s Eni became the latest energy group to benefit from the oil and gas boom as it posted its best result since 2012 to provide cash…
By Duncan Miriri NAIROBI – A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are any further delays to elections,…
PRAGUE – Slovakia’s current account hit a deficit of 831 million euros ($944.85 million) in December after a revised gap of 122 million euros in November, the central bank said…
BEIJING – Huawei Technologies will spend 4 billion yuan ($632.52 million) to build a new headquarters and R&D centre for its digital power unit, according to local media reports, as…
BANGKOK – Thailand’s property market may not return to pre-pandemic levels until 2024, due to a slower-than-expected economic recovery amid a new coronavirus outbreak and higher inflation, the research unit…
FRANKFURT – The euro zone’s current account surplus rose to 310 billion euros ($352.47 billion) last year, or 2.6% of the bloc’s economic output, European Central Bank data showed on…
FRANKFURT – European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favour of ending the ECB’s bond-buying programme, which were designed to boost inflation…
SINGAPORE – Singapore’s Finance Minister Lawrence Wong announced a S$500 million ($372 million) package to support jobs and businesses as part of his budget proposals on Friday. Singapore’s government has…
SHANGHAI – China’s banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu Guiping, vice governor of the…
By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the…
-British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a 20% jump in annual profit,…
DUBAI -The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries’ two leaders, the UAE and Indian…
BEIJING -China’s state planner will take steps to stabilise the commodity market and hasten construction of new infrastructure, it said on Friday, in the effort to promote steady industrial growth.…
By Rajendra Jadhav MUMBAI – Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at…
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Car spare parts dealers in Sri Lanka’s main city of Colombo are receiving a steady stream of customers looking for what is…
PARIS -Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief…
SHANGHAI – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market to resolve risks in the…
KUALA LUMPUR – Malaysia’s exports rose 23.5% from a year earlier in January, government data showed on Friday. Imports in January grew 26.5% year-on-year, while the trade surplus for the…