AMSTERDAM (Reuters) – Dutch specialty chemicals maker DSM on Tuesday beat analyst expectations with a 13% jump in fourth-quarter core profit to 440 million euros ($497.95 million), as demand for its nutritional products remained strong despite higher prices. Analysts in a company-compiled poll on average had predicted adjusted earnings before interest, taxes, depreciation and amortisation…
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Tuesday as investors scooped up profits from the previous day’s rally to seven-year highs and as global stock markets slumped, although lingering concerns that Russia might invade Ukraine and disrupt energy supplies limited losses. Brent crude futures were at $96.04 a barrel by 0540 GMT,…
By Alun John HONG KONG (Reuters) – The euro edged up a little in Asian trading, but was still nursing bruises after two sessions of sharp losses as tensions in Eastern Europe pushed demand for the dollar and the safe-haven yen. Central bank policy was also top of mind for investors as the Bank of…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with U.S. Securities and Exchange Commission (SEC) showed on Monday. The donation was worth $5.74 billion, based on the…
By Tom Westbrook and Harish Sridharan SINGAPORE/BENGALURU (Reuters) – The Chinese yuan’s recoil from a near four-year high has raised market nerves that a recent period of stability is ending, which could leave regional peers exposed especially as U.S. interest rates start to rise. A steady yuan, along with robust exports and currency reserves, has…
By Gram Slattery and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said in a statement on Monday. Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from…
SAN FRANCISCO (Reuters) -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with U.S. Securities and Exchange Commission showed on Monday. Based on the Nov. 18 closing price of Tesla shares, the donation was…
By Scott Murdoch SYDNEY (Reuters) – Asian share benchmarks dropped on Tuesday as investors contemplated the implications of a potential imminent Russian invasion of Ukraine. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4% in early regional trade after stock markets in the United States and Europe lost ground on Monday. Japan’s Nikkei…
By Svea Herbst-Bayliss BOSTON (Reuters) -Peloton Interactive Inc’s stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions. Durable Capital Partners, run by former T. Rowe Price…
SEOUL (Reuters) – South Korea’s antitrust regulator is investigating U.S. electric car maker Tesla Inc over allegations the company exaggerated the specifications of its batteries, an official at the Korea Fair Trade Commission (KFTC) said on Tuesday. Yonhap news agency on late Monday reported the KFTC had sent a report to the electric vehicle (EV)…
