By Mathieu Rosemain PARIS (Reuters) -Orange, France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish market hit earnings last year. The state-controlled former monopoly struggles to maintain strong upward momentum in revenue, caught between the need to upgrade networks…
By Joe Bavier and Rachel Savage JOHANNESBURG/LONDON (Reuters) – Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and campaigners say as finance chiefs of G20 major economies prepare for meetings later this week. As the pandemic battered global economies, the Group…
PARIS (Reuters) – Europe’s Airbus predicted 720 plane deliveries and higher profits in 2022 after its core operating profit almost trebled last year on a partial recovery in jet deliveries and solid defence and helicopter sales during the pandemic. Europe’s largest aerospace group also restarted its dividend for the first time in two years after…
By Chen Lin and Aradhana Aravindan SINGAPORE (Reuters) – As a depleted Singapore Airshow winds down, delegates reported growing optimism as the hard-hit Asian aerospace market begins to recover despite emerging concerns around labour shortages, rising costs and supply chain challenges. Organisers had estimated attendance of more than 13,000 ahead of the four-day show –…
By Tetsushi Kajimoto TOKYO (Reuters) – More than two-thirds of Japanese firms don’t plan to raise base salaries at this year’s labour talks, a Reuters poll showed, with pay increases more likely to come from one-time bonuses that may not kickstart household spending. A slim majority of firms said they would raise the total amount…
By Chen Aizhu SINGAPORE (Reuters) -Oil fell 2% in Asian trade on Thursday after France and Iran said parties are closer to an agreement to salvage Iran’s 2015 nuclear deal with world powers, offsetting tensions over Russian forces massing near Ukraine. U.S. West Texas Intermediate (WTI) crude was trading at $91.72 a barrel at 0334…
By Harish Sridharan (Reuters) – Australia’s biggest casino operator Crown Resorts Ltd reported on Thursday a third consecutive half-yearly loss, as long spells of pandemic-related restrictions and regulatory costs continued to hurt operations. The company, which recently backed a $6.5 billion offer from private-equity firm Blackstone Inc, is struggling to rebuild its image following multiple…
(Reuters) – Woodside Petroleum Ltd said on Thursday its annual profit more than tripled, helped by higher prices and strong demand for oil and gas. The company posted an underlying net profit after tax, excluding one-time charges, of $1.62 billion for the year ended Dec. 31, compared with a profit of $447 million a year…
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers struggled with global supply constraints, causing a decline in car shipments. The growing trade deficit highlights the world’s third-largest economy’s vulnerability to soaring commodity…
(Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Inc investors to vote against Chief Executive Officer Tim Cook’s remuneration, citing concerns around the magnitude and structure of his equity award. Apple will hold its annual shareholder meeting in the first week of March. “There are significant concerns regarding the design and magnitude of…
