Financial News

BERLIN – New car registrations in the European Union reached a historic low of 682,596 units in January as semiconductor shortages continued to hurt car sales across the region, data …

ZURICH – Food group Nestle said on Thursday it was proposing Luca Maestri, chief financial officer at Apple, and Chris Leong, chief marketing officer at Schneider Electric, for election to …

AMSTERDAM – Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the second half of last year, …

TOKYO – Honda Motor said on Thursday that two of its domestic manufacturing sites will operate at 90% of capacity until early March due to a shortage of semiconductors. Honda’s …

By Byron Kaye and Shashwat Awasthi SYDNEY -Australian retail conglomerate Wesfarmers Ltd said first-half profit slumped and cut its dividend after most of its businesses were hit by successive COVID-19 …

By Supantha Mukherjee STOCKHOLM – Kyndryl, the former infrastructure services business of IBM, signed a deal with Nokia to help automate factories by bringing in cloud computing and artificial intelligence …

By Chen Lin and Aradhana Aravindan SINGAPORE – As a depleted Singapore Airshow winds down, delegates reported growing optimism as the hard-hit Asian aerospace market begins to recover despite emerging …

By Ben Blanchard TAIPEI – The United States has “no intention” of engaging with China in its forthcoming Indo-Pacific Economic Framework, but is talking to its partners who share the …

By Leika Kihara TOKYO – An expected reshuffle of the Bank of Japan’s board will give Prime Minister Fumio Kishida a chance to replace a reflationist member with a less-dovish …

By Tetsushi Kajimoto TOKYO – More than two-thirds of Japanese firms don’t plan to raise base salaries at this year’s labour talks, a Reuters poll showed, with pay increases more …

By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE -The head of the Federal Aviation Administration who oversaw the return of the Boeing 737 MAX after two crashes grounded the plane, …

HONG KONG – Shares of cash-strapped Chinese property developer Shimao Group eased on Thursday, after it sought to extend payments of a $947 million trust loan and reports said that …

By Harish Sridharan – Australia’s biggest casino operator Crown Resorts Ltd reported on Thursday a third consecutive half-yearly loss, as long spells of pandemic-related restrictions and regulatory costs continued to …

– Woodside Petroleum Ltd said on Thursday its annual profit more than tripled, helped by higher prices and strong demand for oil and gas. The company posted an underlying net …

By Wayne Cole SYDNEY -Australia’s unemployment rate held at a 13-year low in January as a surge in coronavirus cases took more of a toll on hours worked than on …

TEGUCIGALPA – Congress in Honduras has authorized the government to borrow up to $2 billion in 2022 and 2023 in domestic and foreign debt under a fiscal and financial emergency …

San Francisco – Tesla Inc has been sued over an alleged suspension failure in a crash that killed the driver and a passenger in Florida last year and sparked a …

By Aradhana Aravindan SINGAPORE -Singapore maintained its forecast for the economy to expand 3-5% this year as the city-state’s recovery from the pandemic slump continues, although officials flagged downside risks …

By Svea Herbst-Bayliss BOSTON -Hedge fund Third Point LLC said it added new positions and bulked up on names it already owned when markets sold off earlier this year and …

By Daina Beth Solomon, Valentine Hilaire and Noe Torres MEXICO CITY -Walmart’s Mexico unit on Wednesday said its fourth-quarter net profit grew more than 5% from the year-earlier period with …

-Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Inc investors to vote against Chief Executive Officer Tim Cook’s remuneration, citing concerns around the magnitude and structure of his equity …

– Volkswagen Chief Executive Herbert Diess expects the car industry to see widespread autonomous driving within 25 years, the manager said on Wednesday in a question-and-answer session on the social …

By Eva Mathews, Akash Sriram and Jane Lanhee Lee -Chipmaker Nvidia Corp on Wednesday forecast current-quarter revenue above analysts’ estimates, banking on strong demand for data centers. But flat gross …

By Lucia Mutikani WASHINGTON – U.S. retail sales increased by the most in 10 months in January, lifting the level of sales to a record high amid a surge in …

By Blake Brittain – Apple Inc convinced a California federal judge on Wednesday to throw out a lawsuit accusing the tech giant of ripping off another company’s multiracial emoji and …