(Reuters) – Bank of America Corp reported a better-than-expected fourth-quarter profit on Friday as rate hikes helped it charge more interest on loans to customers. The bank earned 85 cents per share in the quarter. Analysts, on average, had estimated a profit of 77 cents per share, according to Refinitiv IBES data. Profit applicable to…
(Reuters) – Tesla has slashed prices on its electric vehicles in the United States and Europe by as much as 20%, extending a strategy of aggressive discounting after missing Wall Street estimates for 2022 deliveries. The move, which prompted a 4.5% fall in Tesla’s shares in pre-market U.S. trade, came after CEO Elon Musk warned…
By Bansari Mayur Kamdar (Reuters) -European shares rose on Friday and were hovering near a nine-month high, supported by healthcare and banking stocks and upbeat economic data from the UK. The pan-regional STOXX 600 gained 0.6% by 0918 GMT, with investors looking ahead to earnings from big U.S. banks. UK’s FTSE 100 added 0.6% after…
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Pernod Ricard violated the liquor policy of India’s capital city by financially supporting retailers who in exchange stocked more of the French company’s brands and boosted its market share, the country’s financial crimes agency alleges. India’s Enforcement Directorate said in court documents filed in November…
PARIS (Reuters) – Inflation in France fell to 6.7% in December from 7.1% in November, exactly in line with earlier preliminary inflation figures for the month, said the INSEE national statistics office on Friday. The dip marks the latest sign that slowing energy price rises are helping Europe overcome the worst of the inflation crisis….
By Scott Murdoch and Clare Jim SYDNEY/HONG KONG (Reuters) -Dalian Wanda Commercial Management raised $400 million in a U.S. dollar bond, a term sheet seen by Reuters showed, in the first publicly sold dollar bond by a Chinese property-related firm since late 2021 when the sector’s debt crisis came to a head. The company, the…
By Mariko Katsumura and Shinichi Uchida TOKYO (Reuters) – Japan’s newest star investor has no car or hobbies and rarely eats out. But Toshiya Imura has turned an obsession for stock research into $42 million in returns, giving the former comedian an enthusiastic fan base and a chance to launch his own fund. After years…
BEIJING (Reuters) – China’s Commerce Minister Wang Wentao said China is willing to listen to the opinions of foreign companies including U.S. firms, a ministry statement said on Friday. In a video telephone call with U.S.-China Business Council president Craig Allen, Wang discussed bilateral trade and China’s opening up, saying the country was willing to…
By Kevin Buckland and Junko Fujita TOKYO (Reuters) – Yields on Japan’s benchmark 10-year government bonds breached the central bank’s new ceiling on Friday in the market’s most direct challenge yet to decades of uber-easy monetary policy. With speculation swirling that the Bank of Japan’s policy of yield curve control (YCC) could be revised, or…
BEIJING (Reuters) – China’s exports and imports with Russia hit a new high of 1.28 trillion yuan in 2022, Lyu Daliang, spokesperson of the General Administration of Customs, told a news briefing in Beijing on Friday. Trade with Russia accounted for 3% of China’s total for the year, he added. (Reporting by Joe Cash, Shen…
