(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are likely…
PARIS (Reuters) – Environmental activists briefly disrupted BNP Paribas’ annual shareholder meeting in Paris on Tuesday, accusing France’s largest listed bank of being Europe’s main financing partner for the fossil energies sector. Fourteen activists sounded portable alarms when the bank’s executives presented the firm’s targets and actions in the fight against climate change. In a…
MADRID (AP) — The land borders between Spain and Morocco at Ceuta and Melilla, Spain’s North African enclave cities, have begun to reopen after being closed for just over two years because of the COVID-19 pandemic and later a diplomatic crisis between the two countries. Crowds gathered at the first border to reopen — Tarajal,…
NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its full-year earnings forecast, sending shares down more…
By Nupur Anand and Chris Thomas MUMBAI (Reuters) – Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed IPO raised far less than expected for the government. India’s biggest insurer and largest domestic financial investor closed…
(Reuters) -Singapore-based Sea Ltd beat first-quarter revenue estimates on Tuesday, driven by improvements in its core e-commerce business in South East Asia and Latin America, sending its shares up 2.8%. The New York-listed company said total revenue in the first quarter of 2022 rose 64.4% to $2.9 billion, above analysts’ estimate of $2.76 billion, according…
Home Depot’s first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easily beating Wall Street expectations, according to a survey of analysts by Zacks Investment Research. Sales at stores open at least a year, a key indicator of a retailer’s…
BRUSSELS (AP) — Even as Western allies grapple with how to counter Russia’s assault on Ukraine, U.S. Treasury Secretary Janet Yellen warned Tuesday that they also must take a wary and united approach to checking China and its business practices. “We have a common interest in incentivizing China to refrain from economic practices that have…
(Reuters) – Home Depot Inc increased its full-year sales forecast on Tuesday as demand for home improvement tools and building materials holds up after a surge in the early months of the pandemic. The company’s shares rose 4% to $307.99 in premarket trading. During the COVID-19 lockdowns people took up several do-it-yourself (DIY) home projects…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s ruling party on Tuesday defeated a move in Parliament to urgently debate a motion censuring President Gotabaya Rajapaksa for the nation’s worst economic crisis, which the prime minister said has left enough gasoline stocks for only a day. It’s unclear when the motion will be taken up again….
