BEIJING (Reuters) – Industrial and Commercial Bank of China Ltd (ICBC), the world’s largest commercial lender by assets, said net profit grew 4.9% year-on-year in the first half of this year as the Chinese economy recovered from the COVID-19 pandemic. Profit was 171.5 billion yuan ($24.82 billion)in the six months through June, compared with 163.47…
By Arunima Kumar (Reuters) – Albemarle Corp, the world’s largest producer of lithium, is expected to report lower quarterly profit as prices of the silvery-white metal came under pressure due to concerns of falling near-term demand and oversupply. Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high…
MOSCOW (AP) — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea — an offer quickly rejected by Berlin. German officials have said Russia halted supplies through the Nord Stream 1 as a political…
By Luc Cohen MADRID/NEW YORK (Reuters) -The former head of Venezuela’s military intelligence, Hugo Carvajal, arrived in the United States on Wednesday to face drug trafficking charge after being extradited from Spain, his lawyer said. Carvajal is expected to make an initial appearance in Manhattan federal court on Thursday morning, said his lawyer, Zachary Margulis-Ohnuma….
By Hyunjoo Jin, David Shepardson and Abhirup Roy (Reuters) -Ford Motor Co said on Thursday it has agreed with Tesla Inc to allow its electric vehicle owners to gain access to more than 12,000 Tesla Superchargers in North America in early 2024. The tie-up between the rivals makes Ford the first major automaker to embrace…
(Reuters) – New Zealand’s Fonterra said on Wednesday it has appointed Neil Beaumont as its chief financial officer, replacing Marc Rivers who resigned earlier this year. The appointment will take effect from early February 2023, the Auckland-based dairy firm added. (Reporting by Roushni Nair in Bengaluru; Editing by Shailesh Kuber)
By Helen Coster NEW YORK (Reuters) -Time magazine named U.S. President-elect Donald Trump its “Person of the Year” on Thursday, citing his deep impact on American politics and the country’s role in the world. “For marshaling a comeback of historic proportions, for driving a once-in-a-generation political realignment, for reshaping the American presidency and altering America’s…
HONG KONG (Reuters) -Shares of China Evergrande Group jumped more than 13% on Monday, a day after the embattled developer said it would appoint an official from a unit of state asset manager China Cinda Asset Management to its board. Evergrande’s assets are expected to be taken over by state-owned firms in a restructuring led…
(Reuters) -Lululemon Athletica Inc said on Monday it expects the Omicron coronavirus variant to have dented holiday-quarter results as the yoga-wear maker cut down on staffing and store hours during the key shopping period, sending its shares down 7%. Omicron has further hurt the retail sector that has been grappling with shipping delays and product…
TOKYO (AP) — Japanese automaker Nissan returned to profitability in the last fiscal year for the first time in three years, despite challenges such as supply shortages caused by the pandemic and soaring costs. Nissan Motor Co. reported Thursday a net profit of 215.5 billion yen ($1.7 billion) for the fiscal year through March, a…
