business

By Mathieu Rosemain PARIS -French-Italian chipmaker STMicroelectronics plans to double its investments this year to up to $3.6 billion, buoyed by high demand that drove its earnings to beat expectations …

MADRID -Spanish unemployment fell in the fourth quarter to its lowest since the onset of the financial crisis of 2008, data showed on Thursday, as hiring in the farming and …

HONG KONG -Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$170.5 billion ($21.9 billion) in 2021, the Hong Kong Monetary Authority …

By Kevin Yao BEIJING – China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper …

BRUSSELS -The European Union launched a challenge at the World Trade Organization on Thursday accusing China of discriminatory trade practices against Lithuania that it says threaten the integrity of the …

By Victoria Klesty OSLO -Norway’s sovereign wealth fund, the world’s largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, …

By Paul Sandle LONDON -Britain’s easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for …

By Supantha Mukherjee and Nadine Schimroszik STOCKHOLM/BERLIN -SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business …

By Jesús Aguado MADRID -Spain’s Banco Sabadell expects to hit its 6% profitability target a year early, it said on Thursday after posting better than forecast quarterly and annual profit …

By Jeanny Kao and Meg Shen TAIPEI -Taiwan’s economy grew last year at its fastest pace in more than a decade, driven by strong tech exports during the COVID-19 pandemic …

By Richa Naidu LONDON -Drinks group Diageo on Thursday reported first-half sales up nearly 16%, buoyed by high-end spirits for home use while bars increased orders as they reopened after …

By Lawrence White and Iain Withers LONDON – Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back …

By Anshuman Daga SINGAPORE – Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners listed its special purpose acquisition company (SPAC) in Singapore on Thursday, marking the third such …

By Emma-Victoria Farr LONDON – Wealth manager St. James’s Place said on Thursday its funds under management hit a record 153.99 billion pounds ($206.76 billion) in the fourth quarter, as …

BEIJING – The United States should take immediate action to correct wrongdoing in trade practices against China, China’s commerce ministry said on Thursday, after the World Trade Organization ruling that …

By Patturaja Murugaboopathy – Foreign investors have been cutting their holdings of Indian equities over the past few months, but domestic mutual funds, banks and insurance companies have helped put …

TAIPEI – Taiwan’s China Airlines Ltd said on Thursday its board had approved the purchase of four more Boeing Co 777F freighters, adding to an earlier order for six of …

– Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, the Wall Street Journal reported …

STOCKHOLM – Electrolux will charge $85 million to earnings in the fourth quarter after an appeals panel upheld a U.S. Department of Commerce decision regarding tariffs on washing machines imported …

By David Shepardson WASHINGTON – The head of the Federal Aviation Administration (FAA) is set to testify before a Feb. 3 U.S. House of Representatives hearing on new C-Band 5G …

By Svea Herbst-Bayliss BOSTON -Billionaire investor William Ackman has built a new stake in streaming service Netflix Inc worth more than $1 billion since its stock price tumbled starting last …

NEW YORK – New York State attorney general Letitia James on Wednesday urged the dismissal of Donald Trump’s lawsuit seeking to stop her civil probe into him and his family …

– Bank of America Corp is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent in one …

– Belgian drugmaker Galapagos NV on Wednesday named former Johnson & Johnson senior executive Paul Stoffels as its chief executive officer, effective April 1. Stoffels was the chief scientific officer …

– Hawkish comments from Federal Reserve Chair Jerome Powell on Wednesday have led short-term interest rate traders to begin pricing for the possibility that the U.S. central bank could raise …