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Hapag-Lloyd nine-month net profit soars over 10-fold on record freight rates
FRANKFURT (Reuters) - German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacities and...
Syndicated Content Nov 12, 2021
Japan’s Mizuho Financial Group posts 79% jump in H1 profit
TOKYO (Reuters) - Mizuho Financial Group, Japan's third-largest lender by assets, said on Friday its half-year net profit rose 79% in a year marred by technical glitches at its retail banking unit. Th...
Syndicated Content Nov 12, 2021
Asian bonds receive lowest foreign flows this year in Oct
By Gaurav Dogra (Reuters) - Asian bonds received lowest foreign inflow this year in October, hit by concerns over higher inflation levels and a slowdown in China's economy. Overseas investors purchase...
Syndicated Content Nov 12, 2021
Deutsche Telekom core profit beats estimates; full-year outlook raised
By Supantha Mukherjee STOCKHOLM (Reuters) - Deutsche Telekom reported core profit above market estimates on Friday and raised its full-year outlook for the third time, boosted by its U.S. unit T-Mobil...
Syndicated Content Nov 12, 2021
Apple supplier Foxconn’s Q3 profit beats estimates
TAIPEI (Reuters) - Taiwan's Foxconn, which assembles iPhones for Apple, reported a better-than-expected third-quarter profit on Friday, helped by strong demand for consumer electronics as people work ...
Syndicated Content Nov 12, 2021
Richemont H1 numbers shine thanks to jewellery
ZURICH (Reuters) - Luxury goods group Richemont said on Friday volatility was likely to persist in the second half after net profit bounced back and sales grew by almost two thirds at constant exchang...
Syndicated Content Nov 12, 2021
Russian e-commerce venture SberMarket’s transaction volumes triple
(Reuters) - The e-commerce arm of Russia's largest lender, Sberbank, said on Friday its transaction volumes tripled in the third quarter, helped by an expanding range of services it offers, including ...
Syndicated Content Nov 12, 2021
Explainer-What are investors focused on for the next Fed chair?
NEW YORK (Reuters) - A lack of news over U.S. President Joe Biden's pick for Federal Reserve chair is introducing unpredictability for investors at a crucial time, as the central bank prepares to tape...
Syndicated Content Nov 12, 2021
Shooting the messenger? Shipping carries the can as investors shun coal
By Jonathan Saul and Simon Jessop LONDON (Reuters) - Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the abse...
Syndicated Content Nov 12, 2021
Ping An seeks to sell $2.1 billion stake in Autohome -sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) - Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome, three people familiar with ...
Syndicated Content Nov 11, 2021
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