Renault-Nissan plan India reboot in test of reshaped alliance
By Aditi Shah and Gilles Guillaume NEW DELHI/PARIS (Reuters) – A revamped alliance between Renault and Nissan will face an early test in India, where the automakers plan new investment…
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By Aditi Shah and Gilles Guillaume NEW DELHI/PARIS (Reuters) – A revamped alliance between Renault and Nissan will face an early test in India, where the automakers plan new investment…
SHANGHAI (Reuters) – China’s Xiaomi <1810.HK) said on Thursday it had imposed a 1 million yuan ($149,000) penalty on a supplier after it leaked early design drafts of an upcoming…
(Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD for HK$351.81 million ($44.85 million), a stock…
By Ludwig Burger BASEL (Reuters) – Roche warned on Thursday profits will decline in 2023 as falling demand for its COVID-19 therapy and diagnostics kits will knock sales by over…
TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co posted a 13% drop in operating earnings for the nine months ended December but kept its profit outlook for the fiscal year unchanged…
By Makiko Yamazaki TOKYO (Reuters) -Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group on Thursday reported strong third-quarter profits in their core businesses thanks to an economic rebound in…
(This Feb. 1 story has been corrected to fix the name of CIO in the “Going Private” section to Nicoll from Nicole) LONDON (Reuters) – The end of the easy-cash…
TOKYO (Reuters) -The operator of Japan’s largest airline, ANA Holdings Inc, raised its full-year profit forecast as travel demand recovers following the easing of COVID-19 border curbs. ANA now expects…
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine…
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the…
(Reuters) – Goldman Sachs on Thursday revised its forecast for emerging market equities upwards as it sees the developing world benefiting from the reopening of China’s borders, improving European growth…
BERLIN (Reuters) – Mercedes-Benz Group said on Thursday that Kevin Binder, currently head of Finance & Controlling Mercedes-Benz Vans, will become chief financial officer of Daimler Greater China Ltd. on…
LONDON (Reuters) – Former U.S. President Donald Trump’s two Scottish golf courses lost 4.4 million pounds ($5.44 million) in 2021, according to accounts released on Thursday, continuing a consistent run…
BERLIN (Reuters) – Materials shortages have decreased in Germany’s manufacturing sector, a survey by the Ifo economic institute published on Thursday showed. In January, 48.4% of the companies surveyed reported…
By John Revill ZURICH (Reuters) – Swiss engineering company ABB expects demand for its products to “normalise” during 2023, it said on Thursday, after customers built up stocks and pre-ordered…
PARIS (Reuters) – French oil giant TotalEnergies said on Thursday that it would raise by 15% the budget allocated to bonuses for some of its staff in France in view…
By Leika Kihara SHIZUOKA, Japan (Reuters) -Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe on Thursday warned against watering down the bank’s 2% inflation target, saying that doing so would…
By Davide Barbuscia and Lewis Krauskopf (Reuters) – A more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called…
By Yuka Obayashi TOKYO (Reuters) – Japanese power utilities are stepping up efforts to cut thermal coal import costs by switching to lower quality grades and widening import sources, company…
By Natalie Grover and Maggie Fick LONDON (Reuters) -GSK chief executive Emma Walmsley on Wednesday made replenishing the drugmaker’s pipeline of vaccines and therapies her number-one priority. But analysts were…
(Reuters) – Sony Group Corp said on Thursday chief financial officer Hiroki Totoki would become president and chief operating officer on April 1 while retaining his current role. Incumbent president…
By David Shepardson WASHINGTON (Reuters) – A Federal Aviation Administration safety official, National Transportation Safety Board chair and head of the largest pilots union are among those who will testify…
By Anshuman Daga SINGAPORE (Reuters) -Citigroup’s wealth unit has stopped extending margin loans to its clients against securities of India’s embattled Adani group, a source with direct knowledge of the…
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Push back? What push back? The main theme ahead of…
By Katie Paul and Nivedita Balu (Reuters) -Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark…