By Harish Sridharan (Reuters) – 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 hurt operations. The company, which recently backed a $6.5 billion offer from private-equity firm Blackstone Inc, is struggling to rebuild its image following multiple…
(Reuters) – 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 profit after tax, excluding one-time charges, of $1.62 billion for the year ended Dec. 31, compared with a profit of $447 million a year…
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers struggled with global supply constraints, causing a decline in car shipments. The growing trade deficit highlights the world’s third-largest economy’s vulnerability to soaring commodity…
(Reuters) -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 award. Apple will hold its annual shareholder meeting in the first week of March. “There are significant concerns regarding the design and magnitude of…
By Svea Herbst-Bayliss BOSTON (Reuters) – 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 said that Amazon is at an “inflection point” that should lead to a higher share price. The New York-based firm whose investments are…
By Blake Brittain (Reuters) – 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 violating its intellectual property rights. Cub Club Investment LLC didn’t show that Apple copied anything that was eligible for copyright protection, U.S. District Judge…
By Leika Kihara and Gayatri Suroyo TOKYO/JAKARTA (Reuters) – Finance leaders of the world’s top 20 economies will debate the fallout from lingering geopolitical tensions, rising global inflation and tighter monetary policy in some regions at a two-day meeting kicking off on Thursday. But rising COVID cases overshadow the gathering with many ministers either attending…
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday said its fourth-quarter net profit grew more than 5% from the year-earlier period with the gross margin helped by new business lines, even as higher expenses ate into earnings. Walmart de Mexico, the biggest retailer in Mexico, said its net profit rose to 13.3 billion pesos ($646.3…
In the past few months, the number of women who call Fund Texas Choice has doubled to more than 100 per week. The demand, driven by a state law banning abortions at roughly six weeks of pregnancy, has forced the abortion rights fund to hire more people. But it’s still been difficult to keep up…
By Danielle Kaye NEW YORK (Reuters) – Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and leisure this year at rates not seen since before the pandemic. Hotel and other travel-related companies delivered rosy outlooks in this week’s quarterly results, citing…
