By Makiko Yamazaki and Kevin Krolicki TOKYO (Reuters) – Toyota’s chief executive will step down as head of the company…
U.S. Senate finance chair: Congress should hike tax on oil firms’ stock buybacks
(Reuters) – U.S. Senate Finance Committee Chair Ron Wyden on Thursday said Congress must do more to raise taxes on…
BofA promotes 360 employees to managing directors in diversity push – source
(Reuters) – Bank of America Corp has promoted 360 employees to managing directors, with more than 50% of them representing…
LVMH’s Arnault brushes off succession question
PARIS (Reuters) – Bernard Arnault, the boss of luxury giant LVMH and the world’s richest man, brushed away questions about…
Luxury group LVMH’s sales defy downturn as shoppers splurge
By Mimosa Spencer PARIS (Reuters) -Luxury goods group LVMH’s sales rose 9% in the fourth quarter as shoppers in Europe…
BetMGM expects to become profitable in second half of 2023
By Radhika Anilkumar (Reuters) – U.S. sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after…
Shareholders can sue McDonald’s ex-executive in landmark ruling
By Tom Hals WILMINGTON, Del. (Reuters) – Shareholders can sue McDonald Corp’s former global chief people officer for the damage…
China’s luxury shoppers free to travel, but many buy locally
By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in…
U.S. airlines forecast strong 2023 travel, costs may dampen outlook
By Aishwarya Nair and Abhijith Ganapavaram (Reuters) -U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue…
Russia eyes end to liquidity caps on wealth fund ‘anti-crisis’ spending
By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia’s finance ministry on Thursday proposed scrapping liquidity restrictions for spending on “anti-crisis”…