By Christoph Steitz, Tom Käckenhoff and Vera Eckert FRANKFURT/DUESSELDORF (Reuters) -Germany’s Uniper expects profits to recover this year from a 19.1 billion euro ($20.3 billion) record net loss in 2022, although the impact of the Ukraine war on gas prices that determine its procurement costs could linger into 2024, it said. Uniper is the biggest…
By Mimosa Spencer and Ingrid Melander PARIS (Reuters) – Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from rising COVID infections, helping it beat sales and margin forecasts. Hermes also saw strong demand from Chinese clients…
By Krishn Kaushik BENGALURU – The United States brought its most advanced fighter jet, the F-35, to India for the first time this week alongside F-16s, Super Hornets and B-1B bombers as Washington looks to woo New Delhi away from its traditional military supplier, Russia. India, desperate to modernise its largely Soviet-era fighter jet fleet…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – For Prime Minister Fumio Kishida, Japan’s next central bank chief had to symbolise a departure from the unconventional policies of his predecessor Shinzo Abe – but without angering pro-growth lawmakers of Abe’s powerful political faction. The tricky task of steering the Bank of Japan (BOJ) out…
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump. The world’s largest maker of personal computers (PCs) said on Friday that total revenue during the October-December quarter was $15.3 billion,…
By Rozanna Latiff KUALA LUMPUR (Reuters) – Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state oil firm Petronas this week, following a bid by descendants of a former sultanate to enforce a $15-billion award they had won against Malaysia, according to the heirs’ lawyer and court documents seen by Reuters….
(Reuters) -YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal update on the video-sharing platform on Thursday. Wojcicki, 54, will be replaced by her deputy Neal Mohan, a…
SYDNEY (Reuters) -Shares of boutique investment bank China Renaissance Holdings Ltd slumped 25% on Friday after the firm said it had been been unable to contact its Chairman and Chief Executive Bao Fan. “The board is not aware of any information that indicates that Mr. Bao’s unavailability is or might be related to the business…
By Valentine Hilaire (Reuters) – First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next week, according to a memo sent to staff and seen by Reuters. A long-running contract dispute between the Canadian miner and Panama…
By Arathy Somasekhar and Stephanie Kelly HOUSTON (Reuters) -Russia’s decision to cut crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, Ben Harris, a U.S. Treasury Department Assistant Secretary, said on Thursday. Russia’s Deputy Prime Minister Alexander Novak last week said it would voluntarily cut production beginning…
