By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China’s reopening and[...]
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February 7, 2023
Holcim cements North America push with $1.29 billion acquisition of roofing company
By John Revill and Noele Illien ZURICH (Reuters) -Holcim AG, the world’s biggest cement maker, has agreed to buy U.S. roofing systems manufacturer Duro-Last in a $1.29 billion deal, the Swiss co[...]
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Nintendo promises 10% pay hike even as it trims profit outlook
TOKYO (Reuters) -Japanese video game maker Nintendo Co Ltd said on Tuesday it plans to lift workers’ base pay by 10% even though a firmer yen forced it to trim its full-year profit forecast. The[...]
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Australia’s Medibank slapped with class action over cyber incident
(Reuters) – Australian health insurer Medibank Private Ltd said on Tuesday a class action suit had been filed against it over last year’s cybercrime incident that compromised personal info[...]
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Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show a slight increase in overall expend[...]
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Siemens Energy: EU green deal lacks details on implementation
FRANKFURT (Reuters) – Plans by the European Union to loosen state aid rules in order to boost local industry and compete with U.S. support schemes tackle the right issues but lack clarity over i[...]
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European regulator rules out single-pilot flying by 2030
By Jamie Freed and Allison Lampert (Reuters) -Europe’s aviation regulator has ruled out an industry push to allow planes to be crewed by just pilot by 2030 but said it is considering allowing li[...]
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S. Africa’s Sasol expects HY profit to double on higher oil price
(Reuters) – South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational challenges in its domestic unit[...]
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U.S. firms in Taiwan making ‘contingency’ plans amid China tensions
TAIPEI (Reuters) – Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with Chin[...]
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