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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 on year in December in harmonised terms, the federal statistics office said on Tu...
Syndicated Content Jan 17, 2023
Russia’s Sberbank 2022 net profit down 75.7% to 300 billion roubles
(Reuters) - Russia's largest lender Sberbank said on Tuesday that its net profit fell 75.7% year-on-year to 300.2 billion roubles ($4.4 billion) in 2022, as Western sanctions over Ukraine hit the dome...
Syndicated Content Jan 17, 2023
Lindt & Spruengli posts 2022 sales of 4.97 billion francs, confirms guidance
ZURICH (Reuters) - Swiss chocolate maker Lindt & Spruengli said on Tuesday it is "confident" of achieving an operating margin of 15% for 2022 and confirmed its guidance after strong international sale...
Syndicated Content Jan 17, 2023
China’s Xpeng cuts prices on some models starting Tuesday
BEIJING (Reuters) - Chinese automaker Xpeng on Tuesday announced price cuts for some models in the country in a notice on its official WeChat account. The move came after automaker Seres Group cut sta...
Syndicated Content Jan 17, 2023
Cryptoverse: Bitcoin is back with a bonk
By Medha Singh and Lisa Pauline Mattackal (Reuters) - Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clo...
Syndicated Content Jan 17, 2023
Nomura cuts around 18 Asia banking jobs as dealmaking slows -sources
By Scott Murdoch SYDNEY (Reuters) - Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, as a result of a sharp slowdown in dealmaking activities, according ...
Syndicated Content Jan 17, 2023
Dairy giant Danone aims to cut methane emissions by 30% by 2030
By Richa Naidu LONDON (Reuters) - Danone, one of the world's biggest dairy companies, said on Tuesday that it plans to cut absolute methane emissions from its fresh milk supply chain by 30% by 2030 by...
Syndicated Content Jan 17, 2023
Indonesia close to EV deals with BYD Group and Tesla – minister
JAKARTA (Reuters) - Indonesia is finalising agreements with China's automaker BYD Group and U.S. carmaker Tesla to invest in electric vehicle (EV) production facilities in the Southeast Asian country,...
Syndicated Content Jan 16, 2023
Nissan directors endorse steps to reach deal with Renault-sources
By Maki Shiraki TOKYO (Reuters) - A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on final terms for a reshaped alliance with its French part...
Syndicated Content Jan 16, 2023
Blizzard says China’s NetEase rejects proposal to extend partnership for six months
By Josh Ye HONG KONG (Reuters) - Activision Blizzard, the U.S. video game giant behind hit franchise Warcraft, said on Tuesday that its Chinese publisher NetEase had turned down a proposal to extend t...
Syndicated Content Jan 16, 2023
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