ZURICH (Reuters) – Geberit reported a rise of 6.7% in fourth-quarter sales, the Swiss building supplies maker said on Thursday, as the construction market continued its upswing towards the end of 2021. The company, whose piping and ceramic products are installed by plumbers, said fourth-quarter sales increased to 773 million Swiss francs ($845.18 million) from…
By Aditi Shah NEW DELHI (Reuters) – Tesla Inc is “still working through a lot of challenges with the government” in India, its billionaire chief executive Elon Musk said on Twitter on Thursday, responding to a question on when it would launch its electric cars in the country. Tesla had plans to begin selling imported…
SHANGHAI (Reuters) – Chinese property developer Shimao Group Holdings will hold meetings with investors in two asset-backed securities (ABS) on Jan 17, to vote on payment extension proposals, according to documents obtained by Reuters. Payments on the two ABS products – worth 1.17 billion yuan ($183.91 million) in total – are due this month, and…
By Sethuraman N R and Sankalp Phartiyal BENGALURU (Reuters) -Infosys raised its revenue forecast and Tata Consultancy Services (TCS) predicted robust demand on Wednesday as the Indian IT giants said they expect tech spending to continue, particularly for digital services such as the cloud. Often seen as a bellwether for India’s more than $190 billion…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan will maintain its fiscal 2025 target for balancing its budget when it reviews the time frame in coming weeks, the Mainichi Shimbun reported on Thursday, in an early victory for proponents of bringing the country’s fiscal house in order. Whether the government would keep or ditch…
By Tom Westbrook SYDNEY (Reuters) – The dollar was below key support levels on Thursday, having hit new lows overnight, after data showing U.S. consumer prices rose at their fastest rate in nearly 40 years was not deemed worrying enough to change an already hawkish rates outlook. After a couple of months in a tight…
By Ann Saphir (Reuters) – With inflation running at its highest in nearly 40 years, U.S. central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on. On Wednesday, San Francisco Federal Reserve Bank President Mary…
MEXICO CITY (Reuters) -The Mexican government on Wednesday signaled it would be alert to possible antitrust implications of Citigroup’s sale of its consumer banking operations in Mexico, and said it expected plenty of bidders to emerge for the assets. In a statement, the finance ministry said the departure from Mexico of the country’s no. 3…
By Simon Jessop LONDON (Reuters) – A third of the 350 companies most exposed to commodities such as palm oil, beef and timber have no policies to ensure their products are not fuelling deforestation, a report by NGO Global Canopy showed on Thursday. Protecting the world’s forests is central to efforts to limit man-made global…
By Sameer Manekar and Scott Murdoch (Reuters) -Australian casino firm Crown Resorts Ltd said on Thursday its board was likely to back an improved A$8.87 billion ($6.46 billion) buyout proposal from Blackstone Inc unless a higher offer emerged. Crown received the higher non-binding offer of A$13.10 per share, a fourth hike from Blackstone after its…
