FRANKFURT, May 24 Reuters Siemens Energy on Tuesday said it would reduce management posts by about a third and provide investors with more detail of its business in a bid to become more transparent and nimble. The company, which on Saturday announced a 4.05 billioneuro 4.32 billion bid for the remaining stake in wind turbine unit […]

NEW YORK, May 23 Reuters Bank of America Corp said it was raising its U.S. minimum hourly wage to 22 on Monday, a step closer to its promise of paying workers 25 an hour by 2025. The secondlargest U.S. bank by assets has been steadily raising its minimum hourly wage since 2017, when it was 15, […]

May 23 Reuters British fashion chain Ted Baker said on Monday it had picked a preferred suitor to take forward its sale process after a flurry of revised proposals from interested parties, while private equity firm Sycamore has dropped out. The sale plan will now move into a weekslong process of confirmatory due diligence, the company […]

JERUSALEM, May 23 Reuters Israel Discount Bank reported a higherthanexpected rise in quarterly profit that was boosted by higher financing income and a onetime gain. Discount, Israel39;s fourthlargest bank by assets, said on Wednesday its first quarter profit rose 49 to a record 983 million shekels 294 million, versus 662 million shekels a year earlier, citing […]

TOKYO, May 18 Reuters Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply with rules that govern the handling of sensitive infrastructure and technology, Japan39;s economic security minister said. Economic activity is free, Takayuki Kobayashi said in an interview when asked whether officials would intervene in any foreign […]

BRISBANE, May 18 Reuters Inpex Corp, Japan39;s top oil and gas producer, wants to to grow in Australia through expansion of its liquefied natural gas LNG output as well as hydrogen and naturebased carbon offset projects, a senior executive said on Wednesday. Inpex39;s 40 billion Ichthys LNG project and stakes in other gas projects last […]

PARIS, May 18 Reuters French shipping firm CMA CGM will take a stake in Air FranceKLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic. CMA CGM will take up to 9 of Air FranceKLM, worth about […]

CAIRO, May 18 Reuters A subsidiary of Shell plc, BG International, signed a farm out agreement FOA with ExxonMobil Egypt to acquire a 100 stake in the Exxon Mobiloperated North East ElAmriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday. On completion of the transfer, BG will become the […]

PARIS, May 17 Reuters Environmental activists briefly disrupted BNP Paribas39; annual shareholder meeting in Paris on Tuesday, accusing France39;s largest listed bank of being Europe39;s main financing partner for the fossil energies sector. Fourteen activists sounded portable alarms when the bank39;s executives presented the firm39;s targets and actions in the fight against climate change. In a […]

May 12 Reuters Samuel BankmanFried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6 stake in Robinhood Markets Inc on Thursday, capitalizing on the weakness of the shares of the trading app to build a position. BankmanFried said in a regulatory filing he did not have any intention of taking control of Robinhood. […]