Reuters

By Aditi Shah NEW DELHI (Reuters) – Global automaker Toyota Motor and fast food chain Domino’s Pizza are among half a dozen companies that have apologised to India for social media posts from their Pakistani partners expressing support for disputed Kashmir, as more companies got caught up in the diplomatic fracas. The apology comes after…

By Rowena Edwards LONDON (Reuters) -Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market. Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43…

(Reuters) -CVS Health Corp’s quarterly profit rose 34.2% on Wednesday, helped by Omicron-spurred demand for COVID-19 tests and vaccinations. The company administered over 8 million COVID-19 tests and more than 20 million coronavirus vaccines across the U.S. during the quarter, CVS said. Net income attributable to the company’s shareholders rose to $1.31 billion, or 98…

(Reuters) -Global farm commodities trader Bunge Ltd reported a 17.1% rise in fourth-quarter adjusted profit on Wednesday, bolstered by strength in its core agribusiness as well as refined and specialty oils segments. Bunge’s results offer the latest look into how multinational grain companies have weathered shifts in demand and supply chain disruptions caused by the…

By Andrea Shalal and Diane Bartz WASHINGTON (Reuters) – The U.S. Treasury Department on Wednesday flagged concerns about consolidation in the $250 billion annual U.S. alcohol market and outlined reforms it said could boost competition and save consumers hundreds of millions of dollars each year. New merger and acquisition scrutiny, different tax rates and lifting…

HONG KONG/SHANGHAI (Reuters) -China Evergrande Group needs to clear its debt by fully restoring construction and sales activities and not by selling off assets on the cheap, its chairman told an internal meeting, vowing to complete 50% of pre-sold homes this year. Hui Ka Yan told staff in a Sunday meeting that the firm aimed…

By Sam Nussey TOKYO (Reuters) – Japan’s SoftBank Group Corp said on Wednesday there was no link between Alibaba registering a U.S. share facility and any specific plans to sell down its stake in the Chinese e-commerce giant. SoftBank’s shares jumped almost 6% in Tokyo, while Alibaba’s Hong Kong-listed shares were up almost 7%. “The…

By Bart H. Meijer AMSTERDAM (Reuters) -ABN Amro shares fell 4% on Wednesday morning, even though the Dutch bank reported higher-than-expected net profit for the fourth quarter and announced a 500 million euro ($570 million) share buyback. Net profit jumped to 552 million euros in the final three months of 2021 from 54 million euros…

By Florence Tan SINGAPORE (Reuters) – Oil prices slipped for a third session on Wednesday on profit taking due to concerns of a possible rise in supplies from Iran despite industry data showing a surprised drop in U.S. oil inventories. Brent crude futures edged down 8 cents, or 0.1%, to $90.70 a barrel by 0825…