Category Archives:
Pepco Group Q1 revenue rises to $1.54 billion
(Reuters) - Pepco Group, the owner of PEPCO, Poundland, and Dealz discount retailer brands in Europe, reported a 12% rise in total revenue for the first quarter on a constant currency basis, from a ye...
Jan 13, 2022
Weibo bars Chinese economist’s posts after suggestion to boost birth rate
BEIJING (Reuters) - A high-profile Chinese economist has been banned from posting on the Weibo social media platform after drawing controversy over suggestions that the central bank set up a $314 bill...
Jan 13, 2022
Hitachi to sell about half of its stake in construction unit – NHK
TOKYO (Reuters) - Japan's Hitachi Ltd has decided to sell about half of its 51% stake in Hitachi Construction Machinery Co to trading firm Itochu Corp and investment fund Japan Industrial Partners, br...
Jan 13, 2022
Geberit sales rise at strongest pace in 22 years
ZURICH (Reuters) - Geberit reported a rise of 6.7% in fourth-quarter sales, the Swiss building supplies maker said on Thursday, as the construction market continued its upswing towards the end of 2021...
Jan 13, 2022
Uniqlo owner Fast Retailing reports 5.6% rise in Q1 profit, beats estimates
TOKYO (Reuters) - Japan's Fast Retailing, owner of clothing brand Uniqlo, said on Wednesday its first-quarter operating profit rose 5.6% from the year earlier period, boosted by sales in South Asia, N...
Jan 13, 2022
Suedzucker confirms 90% quarterly profit surge as sugar sector recovers
HAMBURG (Reuters) - Europe's largest sugar producer Suedzucker confirmed a rise of about 90% in third quarter operating profit on Thursday as an improved sugar market boosted earnings. Suedzucker said...
Jan 13, 2022
Analysis-U.S. energy shares on fire again to start 2022, stoked by inflation
By Lewis Krauskopf NEW YORK (Reuters) - Shares of U.S. energy companies are soaring in the early days of 2022, driven by a shift to so-called value stocks and assets that stand to benefit from the ste...
Jan 13, 2022
Qantas to cut Q3 capacity by about a third as COVID-19 cases rise
By Jamie Freed SYDNEY (Reuters) -Qantas Airways Ltd has pared about a third of planned domestic and international capacity in the March quarter to better match travel demand after a rise in COVID-19 i...
Jan 12, 2022
Tesla’s Musk says ‘working through challenges’ with India government
By Aditi Shah NEW DELHI (Reuters) - Tesla Inc is "still working through a lot of challenges with the government" in India, its billionaire chief executive Elon Musk said on Twitter on Thursday, respon...
Jan 12, 2022
TSMC Q4 profit rises 16.4%, beats market forecasts
TAIPEI (Reuters) - Taiwan chip company TSMC posted a 16.4% rise in quarterly net profit on Thursday, Reuters calculations show, boosted by a semiconductor boom for smartphones and laptops during the C...
Jan 12, 2022
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