Category Archives:
Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital
By Abhinav Ramnarayan LONDON (Reuters) - RIT Capital Partners, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to ...
Aug 04, 2021
Honda swings to Q1 operating profit, trounces estimates
TOKYO, August 4 (Reuters) - Honda Motor Co swung on Wednesday to a first-quarter operating profit of 243.21 billion yen ($2.23 billion) from a 113.7 billion loss a year ago as car sales recovered from...
Aug 04, 2021
Sony posts 26% rise in Q1 operating profit on pandemic-led PS5 demand
TOKYO (Reuters) - Sony Corp on Wednesday reported a 26.3% rise in first-quarter operating profit, benefiting from lingering pandemic-led demand for its PlayStation 5 games console. Operating profit fo...
Aug 04, 2021
Thales to sell signalling business to Hitachi in $2 billion deal
PARIS (Reuters) - Thales, Europe's largest defence electronics company, confirmed on Wednesday it was in advanced talks to sell its railway signalling business to Japan's Hitachi in a deal that values...
Aug 04, 2021
Commerzbank swings to Q2 loss amid restructuring and write off
FRANKFURT (Reuters) - Germany's Commerzbank on Wednesday said that it swung to a second-quarter loss as the lender undergoes a major restructuring and after a write off to end an outsourcing project. ...
Aug 04, 2021
India’s services activity shrank again in July, outlook turned pessimistic
BENGALURU (Reuters) - Activity in India's dominant services industry shrank for a third consecutive month in July as restrictions to control the coronavirus pandemic hit demand, with companies turning...
Aug 04, 2021
The route less traveled: private aviation eyes limited direct flights to lure execs
By Allison Lampert (Reuters) - Private aviation companies are making a beeline for executives wary of flying commercial to business meetings due to a limited offering of direct flights, as corporate t...
Aug 04, 2021
Southeast Asia’s factory powerhouses hit by vaccination woes, Delta
By Orathai Sriring and Liz Lee BANGKOK/KUALA LUMPUR (Reuters) - Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods...
Aug 04, 2021
Nissan’s battery partner to spend over $450 million on new plant in Japan
TOKYO (Reuters) - Nissan Motor Co's Chinese battery partner Envision AESC said on Wednesday it would spend 50 billion yen ($460 million) to build a new battery plant in Japan's Ibaraki prefecture nort...
Aug 03, 2021
Apple works with Chinese suppliers for latest iPhones -Nikkei
(Reuters) - Apple Inc is working with more Chinese suppliers to produce its latest iPhones, Japan's Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States ...
Aug 03, 2021
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