April 14 Reuters Wells Fargo Co reported a nearly 21 drop in firstquarter profit on Thursday, as rising inflation and interest rates, as well as worries over the economic impact of the Ukraine war dented its core businesses. A lowerthananticipated impact from the pandemic has also prompted banks to release reserves set aside to cover losses. […]

TOKYO, April 13 Reuters Big Japanese firms including Sumitomo Mitsui Financial Group, Tokyo Electric Power Tepco and Mitsubishi Corp will face resolutions from activist shareholders urging greater commitment to tackling climate change at their annual meetings this year. Five climate activist groups, including Japan39;s Kiko Network and Australia39;s Market Forces, said in a joint statement on Wednesday […]

First half profit down 87 Excluding Russia, full year guidance maintained Shares reverse early losses to trade up 2 LONDON, April 12 Reuters Supply chain snags hammered firsthalf profit at ASOS and the British online fashion retailer warned its expectations for a much better second half could be disrupted by surging inflation. Shares in the company, […]

April 11 Reuters Canadian ecommerce giant Shopify Inc on Monday announced a 10for1 split of its class A and class B stock, joining a growing list of companies that have split their shares to make them more attractive for investors. Shopify also said it would seek shareholder approval to authorize a new class of shares, […]

BERLIN, April 11 Reuters MercedesBenz aims to halve its CO2 emissions by 2030, the carmaker said on Monday, providing a halfway goal to its existing target of becoming CO2 neutral by 2039. The company will also work towards covering 70 of the energy it needs for production with renewable energy by 2030, up from 4550 at […]

HELSINKI, April 11 Reuters Russia39;s stateowned nuclear power supplier Rosatom and its Finnish unit RAOS Project will proceed with a planned nuclear plant in Finland, RAOS said on Monday, despite uncertainty over government permits since Russia39;s invasion of Ukraine. Rosatom and RAOS Project continue fulfilling their obligations under signed agreements and contracts relating to the […]

OSLO, Feb 2 Reuters Norway39;s Telenor said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below forecasts. Adjusted earnings before interest, tax, depreciation and amortisation EBITDA for OctoberDecember fell 6.5 yearonyear to 11.7 billion Norwegian crowns 1.33 billion, while analysts in […]

Feb 1 Reuters Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets. Alphabet39;s shares jumped more than 8 in afterhours trading, also rising on the company39;s announcement that it would undertake […]

Feb 7 Reuters Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday. The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according to […]

Saw big demand uptick in all sectors in Q4 Orders grew much more strongly than revenues Expects market to stay stable at start of 2022 Sees positive market momentum this year ZURICH, Feb 3 Reuters ABB expects supply chain bottlenecks to ease during 2022, the Swiss engineering group said on Thursday, after shortages of semiconductors hurt […]