HONG KONG, April 13 Reuters After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status as a finance hub cryptocurrencies. While scandals and highprofile bankruptcies have prompted some […]

Posts 45 jump in preliminary Q1 earnings Adjusted EBIT 18.4 bln crowns vs forecast 12.9 bln Full earnings due on April 20 Shares rise 9.6 in early trade OSLO, April 12 Reuters AB Volvo reported record firstquarter profit, a preliminary filing showed, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost […]

April 12 Reuters MercedesBenz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles EV and premium cars, the German carmaker said on Wednesday. Worldwide sales increased 3 to 503,500 vehicles, with Europe posting the strongest growth at 8. The firm saw the biggest sales plunge in the rest of the […]

SEOUL, April 11 Reuters Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won 18.14 billion in South Korea39;s electric vehicle EV industry through 2030, bolstering its presence in a segment that is set to dominate longterm global automotive demand. The investment plan by the group, which includes Hyundai Motor Co, Kia […]

ZURICH, April 11 Reuters Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees39; Association SBPV said on Tuesday, in an open letter to the country39;s parliament. SBPV managing director Natalia Ferrara has written to lawmakers to demand they consider staff affected by the collapse of Credit […]

MADRID, April 11 Reuters Santander will increase its stake in its Mexican unit to 99.8 from 96.2 following a tender offer for all outstanding shares in the business, the Spanish bank said on Tuesday, as it moves ahead with plans to delist it. Over the past few years Santander has expanded in emerging economies in search of faster […]

ROME, April 11 Reuters Italian supercar maker Ferrari said on Tuesday it had signed a deal with Samsung Display to use its organic lightemitting diode OLED display panels in future car models. The South Korean company will develop bespoke OLED technology display solutions for the next generation of Ferraris, Chief Executive Benedetto Vigna said in […]

SHANGHAI, April 8 Reuters Chinese search engine giant Baidu, has filed lawsuits against relevant app developers and Apple Inc over fake copies of its Ernie bot app available on Apple39;s app store. The company39;s artificial intelligence powered Ernie bot, launched last month, has been touted as China39;s closest answer to the U.S.developed chatbot ChatGPT. Baidu said it had […]

NEW YORK, April 10 Reuters Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month39;s regional banking crisis and a slowing economy expected to hurt profitability. Earnings per share for the six biggest U.S. banks are expected to be down […]

WASHINGTON, April 10 Reuters A key SpaceX Starship Super Heavy rocket launch test now is likely to take place later this month rather than sometime this week, the space company39;s CEO Elon Musk said on Monday. SpaceX envisions Starship as a fully reusable transportation system to carry astronauts and cargo to Earth orbit, the moon, […]