(Reuters) -Alibaba Group Holding Ltd’s international online shopping unit is exploring a U.S. initial public offering, Bloomberg News reported on Thursday citing people familiar with the matter. The e-commerce giant is in the early stages of consideration and the IPO’s size is yet to be determined, the report added. The business group is in talks…
By Ali Sawafta NABLUS, West Bank (Reuters) -Israeli forces on Thursday killed two Palestinian gunmen who shot dead a British-Israeli mother and her two daughters in April in the occupied West Bank, Israel’s domestic security service said. A third militant who had aided the two gunmen was also killed in the raid, Israel’s Shin Bet…
(Reuters) – U.S. shale producer ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday as sustained fuel demand and tight crude supplies kept oil prices elevated. Benchmark Brent crude averaged $81.24 a barrel in the first three months of 2023, nearly 20% lower than last year but still well above levels that allow oil…
By Mircely Guanipa PUNTO FIJO (Reuters) – More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. The report by PDVSA’s maritime branch,…
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on the back of rising interest rates that have not been passed on to consumers, an adviser to the economy ministry told Reuters on Thursday. European lenders have consistently beaten expectations in recent quarters as higher…
MILAN (Reuters) -UniCredit will use restructuring charges to help fund voluntary exits for some of the additional 1,000 employees who asked to leave under an early retirement scheme launched last year, two people close to the matter said. In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its 2023 profit goal above 6.5 billion euros…
By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) – U.S. buyout house Blackstone is weighing options for Dutch merchant bank NIBC, including a possible sale, people familiar with the matter told Reuters. The fund manager has been informally sounding out other banks and potential financial buyers to gauge their appetite, said the…
By Suban Abdulla LONDON (Reuters) -Britain’s services sector kicked off the second quarter with its fastest growth in a year, boosted by new orders, but it passed the cost of rising wage bills on to consumers, adding pressure on the Bank of England to keep raising interest rates. The final S&P Global/CIPS UK Services Purchasing…
(Reuters) – Regeneron Pharmaceuticals Inc beat Wall Street estimates for first-quarter profit on Thursday, driven by strong demand for eczema treatment Dupixent. Excluding items, the company reported a profit of $10.09 per share for the quarter, above analysts’ estimates of $9.56, according to Refinitiv data. (This story has been corrected to remove reference to Eylea…
(Reuters) -Canadian lender Toronto-Dominion Bank Group has called off its deal to acquire First Horizon Corp for $13.4 billion on Thursday, sending the U.S. bank’s shares down 44.5% in premarket trading. The deal, which was first announced in February last year, has faced months of regulatory uncertainty and recently came under pressure from TD’s investors…
