Business News

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 …

TOKYO (Reuters) – Japan’s Honda Motor Co said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co this year and gradually step up …