FRANKFURT, Nov 14 Reuters Merck KGaA on Thursday reported a gain of 11.9 in adjusted quarterly earnings, helped by temporarily lower spending on drug development and a rebound in demand for its specialty materials. The German pharma and technology company said in a statement that earnings before interest, taxes, depreciation and amortisation EBITDA, adjusted for special […]

MILAN, Nov 14 Reuters Telecom Italia TIM will be better able to assess whether it can resume dividend payments in February, when it updates its strategy following the sale of its fixedline network, the head of Italy39;s biggest telecoms group said. With the presentation of the plan 20252027, Pietro Labriola told analysts during a postresults call […]

ZURICH, Nov 14 Reuters Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday. Sometimes we have to do some reengineering because the developments weren39;t as positive as we expected them to be, said Busch after Siemens reported a 46 plunge in profit at its flagship digital […]

TOKYO, Nov 14 Reuters Artisan Partners, a U.S.based investor in Japanese retail giant Seven i Holdings, called on the company39;s special committee to consider a bidding process of competing takeover proposals to secure the highest offer. The 7Eleven convenience store owner received a buyout proposal from a member of its founding Ito family, it said on Wednesday, […]

Shares up 4.1 Q3 earnings hit by lower ad revenues FY earnings target trimmed BERLIN, Nov 14 Reuters German media group ProSiebenSat.1 is making progress on the possible sale of its online assets, the company said on Thursday, sending shares up despite a trim to profit guidance, as investors push it to focus on broadcasting. Its […]

Nov 14 Reuters India39;s Hindustan Aeronautics Ltd HAL reported a 22.1 rise in secondquarter profit on Thursday, aided by demand for its aircraft from the country39;s defence ministry. The stateowned fighter jet manufacturer and maintenance firm39;s consolidated net profit rose to 15.1 billion rupees 178.89 million in the three months ended Sept. 30, from 12.37 billion […]

Veteran lawmaker calls for steady rollback of stimulus Japan39;s low rates causing weak yen, keeping real wages low Remarks highlight political attention to weakyen pain BOJ should ditch 2 inflation target, set looser goal TOKYO, Nov 14 Reuters The Bank of Japan should raise interest rates at least to 1 to roll back an abnormally […]

BOGOTA, Reuters Colombia39;s majority stateowned oil producer Ecopetrol on Wednesday reported a 28 drop in thirdquarter net profit to 3.65 trillion pesos 826.95 million from the same period last year, chiefly citing a fall in the value of the Colombian peso. Total sales meanwhile slipped 1.5 to 34.61 trillion pesos in the July through September period, even […]

Nov 13 Reuters Shares of Rivian jumped over 15 on Wednesday after the electric vehicle maker announced a 5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to […]

ZURICH, Nov 13 Reuters Swiss financial regulator FINMA said on Wednesday it will in future regularly review how it oversees UBS as the country39;s authorities prepare to overhaul regulations to make the banking sector more robust. Laying out its strategic goals for 2025 to 2028, FINMA said it will enhance supervision of institutions it watches and […]