BEIJING (Reuters) – China said it will take countermeasures against U.S. entities that undermine Chinese sovereignty, its foreign ministry said at a press conference on Wednesday. China foreign ministry spokesperson Wang Wenbin made the announcement at the start of a regular press briefing, after the United States shot down a Chinese balloon and said…
LONDON (Reuters) -Glencore announced a payout of $7.1 billion to its investors on Wednesday, including a $1.5 billion share buyback, as strong oil and coal prices helped it post a record 2022 profit. In preliminary 2022 results, the miner and trader said it cut net debt to $75 million at the end of the year…
By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway Inc slashed its stake in Taiwanese contract chipmaker TSMC as well as in some banks in the fourth quarter, while bolstering its holdings in Apple Inc. Berkshire cut its position in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) by 86.2% to 8.29 million…
PARIS (Reuters) – Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenues at its biggest brand Gucci as COVID-19 disruptions in China hit its business hard. Gucci’s revenues fell 14% on a comparable basis in the last three months of the year, compared with an…
SEOUL (Reuters) – South Korea’s import prices fell for a third consecutive month in January to bring the annual growth rate down to a near 2-year low, data showed on Wednesday, adding to signs of easing pressure on consumer inflation ahead. The import price index, measured in terms of the won, dropped 2.3% in January…
