Q4 attributable net profit 1.8 bln euros vs forecast 951 mln Period concludes restructuring programme Q4 investment banking revenues disappoint Shares fall as much as 5 before recouping some losses FRANKFURT, Feb 2 Reuters Deutsche Bank shares fell as much as 5 in early Thursday trading as investors looked beyond forecastbeating quarterly earnings and a third […]

2022 profit up 18 to record 9.6 bln euros vs 9.4 bln forecasts Targets doubledigit revenue growth in 2023 Shares are up around 4 MADRID, Feb 2 Reuters A solid rise in revenues and lending income allowed Spain39;s Santander to post an 18 jump in profit to a record 9.6 billion euros in 2022, offsetting higher […]

Feb 2 Reuters Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Konglisted shares of electric vehicle maker BYD for HK351.81 million 44.85 million, a stock exchange filing showed. The sale lowered Berkshire39;s holdings in BYD39;s issued Hshares to 12.9 on Jan. 27, down from 13.04, the filing to the Hong […]

Feb 2 Reuters Merck Co on Thursday forecast a sharp decline in sales of its COVID19 antiviral pill as the pandemic eases globally. The company estimated sales of molnupiravir, which is sold under the brand Lagevrio, to fall to about 1 billion this year from 5.68 billion in 2022. The lower forecast for the COVID […]

ZURICH, Feb 2 Reuters Credit Suisse on Thursday announced it had completed the liquidation process of the second of its four funds linked to collapsed supply chain financing firm Greensill Capital. A final payment scheduled for February 6 will bring the total amount returned to investors in Nova, the Luxembourg domiciled investment grade fund, to 256 […]

TOKYO, Feb 2 Reuters Japan39;s Panasonic Holdings Corp cut its annual operating profit forecast by 12.5 on Thursday after lowerthanexpected thirdquarter earnings, hit by headwinds from a slowing global economy and persistently high raw materials prices. The company faces challenges amid a tricky outlook for global growth, as it looks to further build out its energy […]

AMSTERDAM, Feb 2 Reuters ING Groep NV on Thursday reported a betterthanexpected fourthquarter net profit of 1.09 billion euros 1.20 billion on lower loan loss provisions but shares in the Netherlands39; largest bank fell on its 2023 guidance. Net profit topped the 1.03 billion euros expected by analysts, Refinitiv Eikon data showed, and was up from […]

Fourthquarter profit of 10 bln beats estimates Shell to repurchase 4 bln in shares Shares up 2.5 by 1002 GMT LONDON, Feb 2 Reuters Shell delivered a record 40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia39;s invasion of Ukraine allowed […]

MEXICO CITY, Jan 31 Reuters Cashstrapped Mexican stateowned oil company Petroleos Mexicanos PEMX.UL Pemex said on Tuesday it had completed a 2 billion bond raising to be used largely to refinance some of its debt. Pemex did not give details on the bond39;s tenor or coupon rate, but it said the deal had been five […]

WASHINGTON, Jan 31 Reuters Tesla Inc disclosed on Tuesday the U.S. Justice Department has sought documents related to its Full SelfDriving FSD and Autopilot driverassistance systems as regulatory scrutiny intensifies. The automaker said in a filing it has received requests from the DOJ for documents related to Teslas Autopilot and FSD features. Reuters reported in October Tesla is under […]