U.S. oil refiners to post strong Q1 earnings, but demand outlook dims
By Laura Sanicola (Reuters) – U.S. fuelmakers are expected to post higher first-quarter earnings in coming days on strong fuel…
Business
Russia’s Sberbank releases ChatGPT rival GigaChat
(Reuters) – Russian lender Sberbank said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially…
Italy plans looser rules on short-term jobs, tax cuts on wages
By Giuseppe Fonte ROME (Reuters) – Italy plans contested legislation that will make it easier for firms to hire workers…
South Koreans tap cash-giving apps to help offset rising living costs
By Hyunsu Yim SEOUL (Reuters) – Throngs of people have been milling seemingly aimlessly around the forecourt of a museum…
Philips shares jump on recall provision and profit improvement
By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much…
Citigroup’s Asia Q1 wealth revenue jumps 20% amid new clients, investment gains
HONG KONG (Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance…
Japan’s Nidec posts first quarterly loss in 10 years
TOKYO (Reuters) – Japanese electric motor maker Nidec Corp on Monday posted its first quarterly operating loss in a decade,…
UBS retains risk chief to bolster controls for Credit Suisse deal
ZURICH (Reuters) -Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future”…
Evaporating equity risk premium herds funds to bonds: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Even though it may surprise some that it’s positive at all, the risk premium…
Factbox-What’s on the agenda at the South Korea-US summit?
By Ju-min Park (Reuters) – South Korea’s President Yoon Suk Yeol will be seeking U.S. assurances on deterring North Korea…