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 […]

Nov 13 Reuters Nokia said on Wednesday it had bought the world39;s largest application programming interface API hub and marketplace from U.S. company Rapid as it seeks to boost revenues from its 5G and 4G networks. Like other telecom gear makers, Finland39;s Nokia has been looking for ways to monetise its 5G equipment or diversify its […]

Nov 13 Reuters Restaurant chain Cava39;s stock soared nearly 17 to 169.40 in premarket trading on Wednesday, after it exceeded thirdquarter earnings estimates on strong demand for its Mediterranean fare such as pita chips and grilled steak. Fastcasual restaurants like Cava, Shake Shack and Sweetgreen, which offer salad bowls and cheeseburgers as well as dining space, have […]

MUNICH, Nov 13 Reuters Siemens Energy has not proposed a dividend for the 2024 fiscal year, citing limitations to its payout policy as a result of obtaining project guarantees last year that are backed by the German government. A year ago, Berlin supported Siemens Energy with guarantees worth 7.5 billion euros 8 billion as part of a deal […]

Nov 13 Reuters India39;s Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported a biggerthanexpected quarterly profit on Wednesday, helped by increased sales of its highercapacity models such as the 39;Himalayan39;. The company said its net profit rose 8.3 yearonyear to 11 billion rupees 130.40 million in the three months to Sept. 30. […]

Nov 13 Reuters French power and data cable specialist Nexans released revised financial guidance for 2028 and a roadmap to benefit from surging demand, boosting its shares on Wednesday. In a statement to coincide with its Capital Markets Day event in London, the group said it expects to reach adjusted earnings before interest, taxes, depreciation and […]