Sony quarterly profit tumbles as movie business disappoints
By Sam Nussey TOKYO (Reuters) -Japan’s Sony logged a hefty drop in first-quarter profit, hurt in part by a weaker…
2023
Marketmind: U.S. stocks try to outrun the gloom
A look at the day ahead in U.S. and global markets by Harry Robertson It’s been a tough little patch…
Explainer-Why Germany’s property sector is in the dumps
By Tom Sims FRANKFURT (Reuters) -Germany has long benefited from an era of cheap money that fuelled a decade-long boom…
Country Garden misses bond payments as China property fears flare
By Clare Jim HONG KONG (Reuters) -Country Garden said on Tuesday it has not paid two dollar bond coupons due…
US reports big interest in $52 billion semiconductor chips funding
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed…
Bottler Coca-Cola HBC lifts sales outlook
By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher prices…
PE firm KKR acquires $373 million portfolio of Synovus Bank’s prime auto loans
(Reuters) – Private equity giant KKR said on Tuesday it had acquired a $373 million portfolio of prime auto loans…
Fortum fights to sell seized Russian assets and get compensation
By Anne Kauranen HELSINKI (Reuters) – Finnish utility Fortum still hopes to sell its Russian assets and get compensation for…
Explainer-Western Australia ditches Aboriginal heritage protection act
By Melanie Burton MELBOURNE (Reuters) – Western Australia state has scrapped new Aboriginal heritage protection laws after just five weeks…
Biden’s carbon proposal is unworkable, US power sector warns
By Nichola Groom and Valerie Volcovici (Reuters) -U.S. power plant owners warned the Biden administration on Tuesday that its sweeping…