By Gilles Guillaume BOULOGNE-BILLANCOURT, France (Reuters) -French carmaker Renault announced a dividend for the first time in four years as its ongoing revamp starts to bear fruit with better then expected operating margins. Though the company swung back to a loss with the hit from its withdrawal from Russia, 2022 group operating margin doubled from…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Kazuo Ueda, the government’s nominee to become the next Bank of Japan (BOJ) governor, will speak at a confirmation hearing at the lower house of parliament on Feb. 24, a ruling party official said on Thursday. The hearing will be closely watched by markets for clues on…
PARIS (Reuters) -Airbus slowed the production ramp-up of its best-selling A320neo-family jet and targeted 2023 jet deliveries in line with its original estimate for last year as the world’s largest planemaker bowed to industrial pressure on supplies. The France-based group also targeted an adjusted operating profit of 6.0 billion euros ($6.4 billion) in 2023 after…
By Tom Westbrook SINGAPORE (Reuters) – Asia’s stocks rose on Thursday, with investors choosing to cheer strong U.S. retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5%, its best session in more than a…
By Joe Cash BEIJING (Reuters) -China’s state planning body and finance ministry on Thursday said they will craft policies aimed at stimulating spending on housing and unlocking consumer savings that have been built up during the pandemic. The announcements, reported by state media, also included plans to help the elderly, improve child care services and…
(Reuters) – A Senate committee on Wednesday called for greater parliamentary oversight of the Bank of Canada and more transparency from the central bank as it battles to restore credibility lost during last year’s fight to contain inflation. The Bank of Canada has come under a rare attack from critics, including opposition Conservative leader Pierre…
By Tetsushi Kajimoto TOKYO (Reuters) – Growth in Japan’s merchandise exports slowed sharply in January amid weakening Chinese demand for cars and chipmaking machinery, stoking concern about a global slowdown and creating the country’s largest trade deficit on record. Trade figures issued on Thursday followed weaker-than-expected gross domestic product data, underscoring the challenge for the…
By Johann M Cherian and Noel Randewich (Reuters) – The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the U.S. economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the months ahead. A Commerce Department report showed retail sales…
By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic challenges were weighing on its merchants’ online businesses. U.S-listed shares of Shopify, which started 2022 as the most valuable Canadian company before losing three-quarters of its value, fell about…
By Kylie Madry MEXICO CITY (Reuters) – Mexican airline Aeromar announced the “definitive end” of operations on Wednesday, as the heavily indebted company failed to reach agreements with providers and a rumored potential investor. The struggling company is the latest in a string of Mexican airlines hit with major financial woes in recent years, following…
