202223 operating profit up 16.2 organic vs est. 14.4 Eyes stable sales and profitability in 202324, organic basis Expects fall of some 35 in group sales in Q1 CFO PARIS, June 1 Reuters French spirits group Remy Cointreau beat forecasts with record annual operating profits on Thursday, and reiterated its pledge to overcome a tough start […]

HONG KONG, June 1 Reuters China39;s Henan province has unveiled a 100day plan to dynamically clear youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to graduate this year. The plan, to take place in colleges and universities from May to August, includes the promotion of […]

TAIPEI, June 1 Reuters Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence AI, feels perfectly safe about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday. Some companies have expressed concerns about potential risks to business given heightened military threats by China against the […]

June 1 Reuters Gemini will soon start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local regulatory requirements, the crypto exchange said late on Wednesday. Gemini, founded by cryptocurrency pioneers and identical twins Cameron and Tyler […]

ZURICH, May 31 Reuters Hundreds of Credit Suisse39;s employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. […]

LONDON, May 31 Reuters Markets participants have a month to stop using Libor, the tarnished interest rate banks were fined for trying to rig, Britain39;s Financial Conduct Authority FCA said on Wednesday. The London Interbank Offered Rate Libor reflected the cost of lending between banks, using quotes from panels of banks in 35 variants across […]

Rosneft39;s Q1 profit at 323 bln rbls vs forecast of 236 bln rbls Sechin Russia39;s oil output cuts to hit Rosneft39;s production Rosneft39;s share outperforming wider Russian stock market MOSCOW, May 31 Reuters Firstquarter net profit of Russia39;s largest oil producer Rosneft rose by 45.5 from the previous three months to 323 billion roubles 4 billion […]

SYDNEY, May 31 Reuters The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers PwC Australia until a scandal over the firm39;s misuse of confidential government tax plans is sorted out, the central bank39;s governor said on Wednesday. The big four firm is on the defense after a former Australian tax partner […]

May 30 Reuters Nvidia Corp on Tuesday became the first chipmaker to join the trilliondollar club, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications. The gaming and AI chip company39;s shares rose 4.2. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker […]

LONDON, May 30 Reuters British supermarket Asda said it would buy the bulk of petrol station operator EG Group39;s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of nearly 30 billion pounds 38 billion. Asda, Britain39;s thirdlargest grocer, and EG are both owned by […]