MILAN (Reuters) -LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros ($434 billion) for the first time and cementing its lead[...]
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January 17, 2023
Russia’s Sberbank 2022 net profit drops 75.7% to 300 billion roubles
MOSCOW (Reuters) – Russia’s largest lender Sberbank on Tuesday posted a 75.7% drop in net profit to 300.2 billion roubles ($4.4 billion) in 2022, as Western sanctions over Ukraine hit the[...]
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Yara CEO says green tech investors looking at U.S., not Europe
LONDON (Reuters) – Europe is not providing sufficient incentives for companies such as fertiliser producer Yara to transition to green technologies in stark contrast to the United States, the ch[...]
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Nomura cuts 18 Asia banking jobs as dealmaking slows -sources
By Selena Li and Scott Murdoch SYDNEY (Reuters) -Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, accordin[...]
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Chinese EV maker Xpeng joins Tesla, Seres in price cuts
SHANGHAI/BEIJING (Reuters) -Chinese automaker Xpeng on Tuesday announced price cuts for some models in a notice on its official WeChat account, following similar moves by Tesla and Seres and fuelling[...]
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Hugo Boss FY preliminary results beat own guidance
(Reuters) – Hugo Boss on Tuesday reported a double-digit rise in preliminary full-year sales and earnings, slightly ahead of its own guidance, citing ongoing solid demand after a brand revamp du[...]
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UBS still hiring and in growth mode – CEO Ralph Hamers
ZURICH (Reuters) – UBS is hiring with the Swiss bank in “growth mode,” Chief Executive Ralph Hamers said at the World Economic Forum in Davos on Tuesday. “We are very cautious[...]
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Chocolate maker Lindt & Spruengli FY sales rise 8%, backs 2023 view
ZURICH (Reuters) – Lindt & Spruengli said on Tuesday that strong international sales helped organic sales grow by 8.4% last year and the Swiss chocolate maker backed its sales growth forecas[...]
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Asian bonds in 2022 saw first foreign outflows in six years
(Reuters) – Asia ex-China bonds recorded net foreign outflows for the first time in six years in 2022 as major central banks hiked their interest rates aggressively to tame inflationary pressure[...]
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