PARIS (Reuters) – Hollywood actor Leonardo DiCaprio has bought an equity stake in French champagne house Telmont, its majority owner, Remy Cointreau, said on Wednesday, as luxury brands strike partnership deals with celebrities to broaden their appeal. “From protecting biodiversity on its land, to using 100% renewable electricity, Champagne Telmont is determined to radically lower…
By Twinnie Siu and Donny Kwok HONG KONG (Reuters) – Hong Kong will offer tax breaks, handouts and subsidies to small businesses and residents, to mitigate the impact of the most stringent social restrictions imposed in the city to curb the spread of COVID-19, Finance Secretary Paul Chan said. The 2022/23 budget proposals were announced…
BEIJING (AP) — Asian stock markets plunged and oil prices surged to nearly $100 a barrel Thursday after President Vladimir Putin announced Russian military action in Ukraine. Market benchmarks in Tokyo and Seoul fell 2%. Hong Kong and Sydney lost more than 3%. Oil prices jumped more than $4 on anxiety about possible disruptions of…
(Reuters) – Wells Fargo & Co said on Tuesday U.S. government agencies, including the Department of Labor, are reviewing certain transactions in the bank’s 401(k) plan. The fourth-largest U.S. bank said in a filing that federal government agencies “are reviewing certain transactions associated with the employee stock ownership plan feature of the company’s 401(k) plan,…
SHANGHAI (Reuters) – China’s Lenovo Group, the world’s biggest maker of personal computers, reported a 62% rise in third-quarter profit on Wednesday. Profit for the quarter ended Dec. 31 jumped to $640 million from $395 million in the same period a year earlier. (Reporting by Brenda Goh; Editing by Himani Sarkar)
By Jonnelle Marte (Reuters) – Small businesses continue to struggle financially and many are facing greater challenges with managing supply chain challenges and hiring enough workers, according to a survey released Tuesday by the Federal Reserve. While some small businesses have seen their revenues increase, the recovery has been uneven, with smaller firms and those…
WASHINGTON (Reuters) – The White House said on Tuesday the development of Nord Stream 2 is “not moving forward at this point in time” after steps by Germany to halt the Baltic Sea gas pipeline project. White House spokesperson Jen Psaki declined to say whether Germany’s decision was reversible. Germany on Tuesday halted the undersea…
By Davide Barbuscia and Devik Jain (Reuters) -As the S&P 500 hovers near correction territory, Wall Street is gauging the further effect of the conflict between Russia and Ukraine on asset prices, with some strategists warning investors to keep their cool and focus on longer-term market trends. Worries over geopolitical strife and a more hawkish…
By Karin Strohecker and Megan Davies LONDON/NEW YORK (Reuters) – The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its conflict with Ukraine, a move that analysts said might have a moderate impact near-term but could be a step toward harsher measures….
SAO PAULO (Reuters) – Shareholders of Brazilian state-run power company Eletrobras approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources. According to the report, the company’s shareholders approved 12 items at a general meeting, including its privatization. Brazil’s government expects the privatization to happen through…
