AMSTERDAM (Reuters) – Signify NV, the world’s largest lighting maker, reported a 6% increase in fourth-quarter core earnings on Friday, as higher sales offset a rapid increase in the prices of raw materials and components. Adjusted earnings before interest, taxes and amortisation (EBITA) came in at 265 million euros ($295.6 million) in the last three…
MILAN (Reuters) -Italy’s UniCredit on Friday reported better-than-expected full-year revenues and underlying profit, despite one-off hits under a new strategy by CEO Andrea Orcel driving a fourth-quarter loss. UniCredit said 2021 revenues came in at 18 billion euros ($20 billion), ahead of its guidance for more than 16 billion euros, and underlying profit at 3.9…
By Julie Zhu (Reuters) -Asian stocks rebounded of Friday after steep losses in the previous session as strong U.S. economic growth and Apple Inc’s impressive earnings offset some bearishness generated by the Federal Reserve’s hawkish comments. U.S. stock futures rose in Asia trade with Nasdaq futures up 0.77% and S&P 500 e-minis up 0.48% after…
By Anshuman Daga and Indranil Sarkar SINGAPORE (Reuters) -DBS Group has agreed to pay S$956 million ($706.6 million) for Citigroup’s consumer business in Taiwan, making the Singapore lender the largest foreign bank in Taiwan by assets as it shores up regional acquisitions to power growth. The deal is part of DBS Chief Executive Piyush Gupta’s…
Wall Street ended a volatile week of trading Friday with a late-afternoon buying spree that gave the major stock indexes their biggest gains of the year and snapped a three-week losing streak. The S&P 500 rose 2.4%, with nearly all of it coming in the last hour of trading. The Dow Jones Industrial Average added…
TOKYO (Reuters) – Japan’s Toyota Motor Co said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen AG. The carmaker said sales were 10.5 million vehicles in 2021, including those by affiliates…
By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 45 cents, or 0.5%, to $89.79 a barrel at 0429 GMT, after falling 62 cents during…
By Paresh Dave OAKLAND, Calif. (Reuters) -Apple Inc is stifling competition through its mobile app store, attorneys general for 34 U.S. states and the District of Columbia said on Thursday, as they appealed against a ruling that let the iPhone maker continue some restrictive practices. While dozens of state attorneys general have filed recent antitrust…
By Anshuman Daga and Indranil Sarkar SINGAPORE (Reuters) -DBS Group has agreed to pay S$956 million ($706.6 million) to buy Citigroup’s consumer business in Taiwan, making the Singapore lender the largest foreign bank in Taiwan by assets as it bulks up regional acquisitions to power growth. The deal is part of DBS Chief Executive Piyush…
By Andrea Shalal WASHINGTON (Reuters) -The U.S. Chamber of Commerce on Thursday sent an unprecedented letter to lawmakers raising concerns about Sarah Bloom Raskin, President Joe Biden’s nominee as the Federal Reserve’s vice chair for supervision, and her calls for federal regulators to transition financing away from the fossil fuel industry. The U.S. industry lobby…
