By Tanvi Mehta (Reuters) -Credit ratings agency Moody’s warned on Friday that the recent sell-off in Adani group’s shares after a short-seller’s report could reduce the Indian conglo[...]
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February 3, 2023
Volvo Cars’ sales up 2% in January, held back by Chinese New Year
STOCKHOLM (Reuters) – Sweden-based Volvo Car AB said on Friday its sales increased by 2% year-on-year in January to 48,520 cars as sales tumbled in China due to public holidays. Volvo Cars, whic[...]
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Lockmaker Assa Abloy boosts dividend, but wary on outlook
STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces[...]
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Truckmaker Volvo launches search for successor as CFO resigns
STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo said on Thursday its Chief Financial Officer Tina Hultkvist had decided to resign and the company had launched a search for her successor.[...]
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SoftBank Q3 seen under pressure from tech weakness, Arm IPO eyed
By Kiyoshi Takenaka TOKYO (Reuters) – SoftBank Group Corp’s quarterly earnings on Tuesday are set to show persistent pressure from tech valuations that have yet to recover from a global se[...]
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Swiss prosecutors launch case over Credit Suisse dirty money data leak – reports
(Reuters) – Swiss federal prosecutors have launched criminal proceedings targeting the perpetrators of a 2022 leak of information on thousands of Credit Suisse accounts, Swiss media reported on[...]
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South African business activity shrinks solidly in January
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts and weak econ[...]
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China’s latest IPO reform unlikely to flood markets with new issuance, bankers say
SHANGHAI (Reuters) – China’s move this week to streamline stock market listing rules is unlikely to result in a flood of initial public offerings, bankers say, citing the prospect of state[...]
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Japan startup selling $550,000 Star Wars-inspired hoverbike to list on NASDAQ
(Reuters) – Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Ca[...]
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