Category Archives:
Standard Bank appoints Nyembezi as chairman
(Reuters) - Standard Bank Group Ltd, Africa's largest lender by assets, said on Tuesday it has appointed Nonkululeko Nyembezi as the chairman designate of the company's board. Nyembezi will also be th...
May 10, 2022
Exclusive: Malaysia may cut palm oil export tax amid global supply crisis
KUALA LUMPUR (Reuters) - Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, it...
May 10, 2022
Sony’s Q4 operating profit more than doubles, helped by gaming
TOKYO (Reuters) -Japan's Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by a strong performance at its gaming and ne...
May 10, 2022
Stablecoin Terra’s broken dollar peg hits wider crypto markets
By Alun John HONG KONG (Reuters) - TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble ...
May 10, 2022
South African labour union to strike at ArcelorMittal over wages
CAPE TOWN (Reuters) - South Africa's metal-workers' union said it will launch a wage-related strike on Wednesday at ArcelorMittal South Africa Ltd after talks with the management over salary hikes hit...
May 10, 2022
Bayer’s farming business drives Q1 earnings beat
By Ludwig Burger FRANKFURT (Reuters) - Agriculture and pharmaceuticals company Bayer reported quarterly adjusted core earnings rose a better-than-expected 27.5% on strong gains at its seeds and pestic...
May 10, 2022
Renault sees a double digit margin for its Mobilize brand in 2027
PARIS (Reuters) - French carmaker Renault said it was targeting a double-digit margin for its new Mobilize brand, which proposes new solutions around mobility and data, and that 'Mobilize' would aim t...
May 10, 2022
Japan’s Opn raises $120 million, becomes rare unicorn
By Sam Nussey TOKYO (Reuters) -Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more tha...
May 10, 2022
Cryptoverse: Buying the dip? Bitcoin’s a rates rookie
By Lisa Pauline Mattackal and Medha Singh (Reuters) - Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrenc...
May 10, 2022
American rapper Young Thug arrested on gang-related charges
(Reuters) - Police in Atlanta arrested rapper Young Thug, who won a Grammy for his co-written hit "This Is America" in 2019, on Monday on charges including participation in criminal street gang activi...
May 10, 2022
Peoria, IL, USA
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