By Hyunsu Yim SEOUL (Reuters) – POSCO Holdings, parent of South Korea’s biggest steelmaker POSCO, on Friday reported a 46.7% drop in operating profit for 2022 due to a four-month suspensio[...]
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January 27, 2023
India’s Adani dollar bonds hit lowest since November
LONDON (Reuters) – Dollar bonds issued by entities of India’s Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed[...]
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Signify more upbeat on 2023 profitability, skips sales outlook
By Diana Mandia (Reuters) – Signify, the world’s largest lighting maker, on Friday gave a more upbeat forecast for operating profitability for 2023, on the back of an improving situation i[...]
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India market regulator increases scrutiny of Adani group – sources
By Jayshree P Upadhyay (Reuters) – India’s market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report issued by short-seller Hindenburg Resear[...]
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Toyota boss bows out on news outlet he trusts – his own
By Sam Nussey and Kantaro Komiya TOKYO (Reuters) -When the head of Toyota announced on Thursday he would step down as CEO, Akio Toyoda opted for the news outlet he sees as the fairest source of inform[...]
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Air France-KLM orders new Airbus freighter, passenger aircraft
(Reuters) – Air France-KLM has placed a firm order with Airbus for four freighter and three passenger aircraft, the Franco-Dutch airline said on Friday, as part of efforts to renew its fleet. Fo[...]
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India’s Tata Motors surges 8% on first quarterly profit in 2 years
BENGALURU (Reuters) -Shares of Tata Motors Ltd, India’s No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly prof[...]
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Remy Cointreau’s sales fall less than feared as China offsets U.S. decline
(Reuters) -French spirits maker Remy Cointreau posted a smaller-than-expected drop in third-quarter sales on Friday, as steep shipments to China ahead of the Lunar New Year partly offset lower cognac[...]
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EV battery giant LG Energy Solution upbeat on N.America market outlook
By Heekyong Yang and Hyunsu Yim SEOUL (Reuters) – Battery maker LG Energy Solution (LGES) said on Friday demand for electric vehicle (EV) batteries in North America would likely stay strong this[...]
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