April 19 Reuters A RollsRoyce design for a small modular nuclear reactor SMR will likely receive UK regulatory approval by mid2024 and be able to produce grid power by 2029, Paul Stein, chairman of RollsRoyce Small Modular Reactors, told Reuters. The British government asked its nuclear regulator to start the approval process in March, having backed […]

HONG KONG, April 14 Reuters UBS Group AG has appointed a new manager to oversee a 2 billion Asian high yield fund, the Swiss bank said in a statement, after a fivemonth hiatus in top leadership at the fund that was hit hard by China39;s property sector debt crisis. Raymond Lin Gui will join UBS39; asset […]

April 14 Reuters Miner Barrick Gold, said on Thursday firstquarter production fell 17.7 from the previous three months, hurt by lower output at its Carlin and Cortez mines in Nevada. Barrick said gold output was lower at its Carlin and Cortez mines due to depletion of stockpiled higher grade underground ore after the mechanical mill […]

BENGALURU, April 18 Reuters Shares of India39;s Infosys fell 9 on Monday, pulling down the broader IT index as the software services provider39;s lowerthanexpected March profit last week triggered fears of growth normalisation in the sector after a pandemicled boom. Infosys, India39;s No.2 software services firm, on Wednesday reported a consolidated net profit of 56.86 billion […]

April 14 Reuters Twitter Chief Executive Officer Parag Agrawal sought to reassure employees during an allhands meeting on Thursday that the company was not being held hostage by news of Elon Musk39;s offer to buy the company, a source familiar with the matter told Reuters. As Agrawal took questions from staff that were posted on the […]

SAO PAULO, April 14 Reuters Enel is planning to ramp up its growth in renewable power in Brazil in the coming years with new investments in onshore solar and wind generation plants, the company39;s Chief Executive Officer Francesco Starace said on Thursday. Brazil already accounts for 40 of Enel39;s growth in Latin America39;s renewable market, a […]

April 14 Reuters Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion of coal mines did not align with the Paris Climate Agreement. Global firms have been looking to appease regulators and shareholders by aiming for […]

HONG KONG, April 14 Reuters Tencent Holdings Ltd said it will shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games, in a sign of tightening compliance as Chinese regulators more closely scrutinize the industry. The country39;s largest social and gaming firm said late on Wednesday it will on […]

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 […]