MOSCOW (Reuters) – Russia’s largest lender Sberbank on Tuesday posted a 75.7% drop in net profit to 300.2 billion roubles…
Yara CEO says green tech investors looking at U.S., not Europe
LONDON (Reuters) – Europe is not providing sufficient incentives for companies such as fertiliser producer Yara to transition to green…
Analysis: India’s rising home prices, rentals a new inflation threat
By Siddhi Nayak MUMBAI (Reuters) – Rising home prices and rentals in large Indian cities could pose a new challenge…
Nomura cuts 18 Asia banking jobs as dealmaking slows -sources
By Selena Li and Scott Murdoch SYDNEY (Reuters) -Nomura Holdings Inc has cut 18 Asian banking jobs, most of them…
Chinese EV maker Xpeng joins Tesla, Seres in price cuts
SHANGHAI/BEIJING (Reuters) -Chinese automaker Xpeng on Tuesday announced price cuts for some models in a notice on its official WeChat…
Hugo Boss FY preliminary results beat own guidance
(Reuters) – Hugo Boss on Tuesday reported a double-digit rise in preliminary full-year sales and earnings, slightly ahead of its…
UBS still hiring and in growth mode – CEO Ralph Hamers
ZURICH (Reuters) – UBS is hiring with the Swiss bank in “growth mode,” Chief Executive Ralph Hamers said at the…
Chocolate maker Lindt & Spruengli FY sales rise 8%, backs 2023 view
ZURICH (Reuters) – Lindt & Spruengli said on Tuesday that strong international sales helped organic sales grow by 8.4% last…
Asian bonds in 2022 saw first foreign outflows in six years
(Reuters) – Asia ex-China bonds recorded net foreign outflows for the first time in six years in 2022 as major…
German harmonized inflation eases to 9.6% y/y in December
BERLIN (Reuters) – German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year…