Q1 profit 1.2 billion pounds, up 41 Tougher times loom as inflation squeezes customers Income boosted by buoyant housing market LONDON, April 29 Reuters British lender NatWest posted a 41 jump in firstquarter profit on Friday, as rising rates boosted income even as they threaten to further squeeze household incomes. While banks have benefitted from the […]

SAO PAULO, April 27 Reuters Brazilian miner Vale, one of the world39;s largest producers of iron ore, reported on Wednesday its firstquarter net profit fell 19.6 to a better than expected 4.45 billion as stronger pricing offset weaker production numbers. Vale earnings for the three months ended March 31 beat the mean Refinitiv analyst forecast […]

April 27 Reuters Exxon Mobil Corp said on Wednesday its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers. The Sakhalin1 project produces Sokol crude oil off the coast of Sakhalin Island in the Russian Far […]

Reports record quarterly server chip sales in Q1 Smartphone market to continue to grow in H2 To increase portion of cuttingedge chip products SEOUL, April 28 Reuters Samsung Electronics Co Ltd said on Thursday it expects firm data centre demand for highmargin memory chips to continue in the second half, but warned component shortages will likely […]

TOKYO, April 28 Reuters Japan Tobacco JT said on Thursday it was considering selling its Russian operations after suspending investment and marketing activities in the country last month following Moscow39;s invasion of Ukraine. The announcement by JT, market leader in Russia, came after it said in March it would continue manufacturing in the country, where it […]

April 27 Reuters TPG Inc said on Wednesday it had raised 7.3 billion for its climate fund, as the private equity giant expands its investments in the clean energy space. The fund, called TPG Rise Climate, was launched in early 2021 and has already committed more than 2 billion to companies in the climate sector, the […]

SHENZHEN, China, April 28 Reuters China39;s Huawei Technologies said on Thursday its firstquarter revenues slipped 13.9 from a year earlier, with new business areas yet to reverse the company39;s waning fortunes brought about by being placed on a U.S. sanctions blacklist. The Chinese telecoms giant posted revenue of 131 billion yuan 19.9 billion in the […]

NEW YORK, April 25 Reuters Elon Musk clinched a deal to buy Twitter Inc for 44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world39;s richest person. It is a seminal moment for the 16yearold company, which emerged […]

NEW DELHIMUMBAI, April 23 Reuters The Indian government is looking to sell a 3.5 stake in stateowned insurance behemoth Life Insurance Corporation of India LIC, a senior government and banking source told Reuters on Saturday. The listing is expected to hit the markets in first week of May and details on reservations, discount, issue date […]

DETROIT, April 25 Reuters General Motors Co and Ford Motor Co will report firstquarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January. The farreaching economic impact of the war in Ukraine, grinding supplychain disruptions, inflation and rising U.S. interest rates all pose a threat […]