BERLIN (Reuters) -BMW’s core carmaking business hit its 2022 earnings target, the company said on Thursday, helped by strong pricing and consolidation of its China joint venture. Group revenue rose 28% to 142.6 billion euros ($150.66 billion) versus a Refinitiv SmartEstimate of 141.6 billion. Its autos business reported an 8.6% margin on earnings before interest…
(Reuters) -Chinese e-commerce firm JD.com Inc reported a higher quarterly adjusted profit on Thursday as China lifted strict pandemic-related curbs late last year. The company’s U.S.-listed shares rose 1% in premarket trading. JD.com’s net income attributable to ordinary shareholders in the fourth quarter was 3 billion yuan ($430.92 million), compared with a net loss of…
SEOUL (Reuters) – South Korea’s labour minister said on Thursday that lifting the weekly work hour cap to 69 hours from 52 will give working mothers more choice and help them raise children amid growing concerns over the country’s falling birth rates. The government says allowing workers to accrue more overtime hours in return for…
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried’s lawyers said on Wednesday it may be necessary to delay the FTX cryptocurrency exchange founder’s scheduled Oct. 2 criminal trial, arguing it may take more time than expected to review the evidence and prepare a defense. In a letter to U.S. District Judge Lewis Kaplan, the…
(Reuters) – Domino’s Pizza Group Plc reported a drop in full-year profit on Thursday, due to higher costs and investments in cloud-based technology platforms, sending its shares down 6%. The group said its underlying core profit was 130.1 million pounds ($154.4 million) for the year ended Dec. 25, compared with 136.4 million pounds in the…
(Reuters) – Australia’s so-called ‘Big Four’ banks said on Thursday they would pass on the central bank’s latest quarter-percentage point interest rate hike in full to their home loan customers. The move comes as the lenders continue to move in lockstep with the Reserve Bank of Australia (RBA), which raised its official cash rate by…
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets are facing their demons as traders mull whether U.S. Federal Reserve interest rates will rise as high as 6%, a level that could kick weaker countries when they’re down, while diverging global growth paths and China’s reopening might cushion some of the blow for the bigger…
A look at the day ahead in European and global markets from Tom Westbrook Factory-gate prices stopped falling in China last month, but did not rise and in annual terms remain negative – a welcome piece of news on Thursday for Western central bankers who are starting to run into difficulty in heading off sticky…
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s lower house of parliament on Thursday approved the government’s nominees for next central bank governor and deputy governors, signing off on a new leadership that will be tasked with steering a smooth exit from ultra-loose monetary policy. The upper house will vote on the nominations…
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co has sued Jes Staley, its former private banking head and later Barclays Plc’s chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault. The largest U.S. bank filed two complaints on Wednesday…
