By Liz Hampton (Reuters) – Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contra[...]
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January 19, 2023
Sacked GM workers in India sue company, CEO Barra for unpaid compensation
By Aditi Shah and Arpan Chaturvedi NEW DELHI (Reuters) -A union in India has sued General Motors’ local unit and its global CEO for failing to pay court-ordered compensation to sacked factory wo[...]
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Slumping China-bound Japanese exports raise fears of global downturn
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown[...]
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Unilever gets partial win in EU court over Italy competition fine
BRUSSELS (Reuters) – Consumer goods group Unilever secured a partial victory at the European Union’s highest court on Thursday over a 60 million euro ($65 million) fine imposed on it by It[...]
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Bankinter’s 58% Q4 net profit rise overshadowed by rise in costs
By Jesús Aguado MADRID (Reuters) -Spain’s Bankinter hit its net profit target in 2022, a year ahead of schedule, powered by higher lending income though higher costs took some of the shine off a[...]
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India regulator probes investments between Nippon Mutual Fund, Yes Bank – sources
By Jayshree Pyasi MUMBAI (Reuters) – An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 a[...]
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Chinook helicopters could cost Germany twice as much as planned -Business Insider
BERLIN (Reuters) – Germany’s planned purchase of 60 Chinook heavy-lift helicopters manufactured by Boeing to replace its ageing CH-53 fleet could cost twice as much as planned, Business In[...]
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BOJ may raise yield cap again by mid-year, says academic Ito
By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – The Bank of Japan (BOJ) may raise a cap set around its 10-year bond yield target to 0.75% or double it to 1.0% by around mid-year if inflat[...]
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Chinese companies set for biggest earnings growth in 5 years in 2023-Refinitiv data
By Gaurav Dogra (Reuters) – Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodat[...]
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