SINGAPORE, Feb 17 Reuters Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker departure from the Swiss bank. Rehan Anwer will be appointed the bank39;s Singapore chief executive, in addition to his current role as CEO Southeast Asia […]

PARIS, Feb 17 Reuters Birkin bag maker Hermes posted a 22.9 rise in fourth quarter sales, lifted by brisk business in the United States, and flagged no fundamental change in trends in China despite COVID19 disruptions over the period. European luxury brands have benefited from a strong, postpandemic rebound as shoppers drew on savings during lockdowns […]

STUTTGART, Feb 17 Reuters MercedesBenz Group on Friday beat analysts39; forecasts with annual earnings of 20.5 billion euros 21.80 billion, but the premium carmaker warned of lower earnings this year due to economic uncertainty. The company39;s forecast chimes with warnings from across the industry of a challenging year ahead, with Germany39;s autos association predicting that car […]

Feb 17 Reuters Indian automotive components maker Minda Corporation Ltd on Friday said it acquired a 15.70 stake in rival Pricol Ltd for 4 billion rupees 48.3 million. The open market transaction took place at an average price of 208.9820 rupees per share, Minda corp said in an exchange filing. This is merely a financial investment without […]

LONDON, Feb 17 Reuters NatWest warned on Friday that rising interest rates may not deliver the longlasting earnings bonanza investors hope for, even though profit jumped by 33 last year. Shares in the bank fell as much as 9 as investors digested the forecasts on the lender39;s net interest margin and costs for 2023, even as […]

Shares rally in early trade Schiphol airport disruptions may linger Airline lost 170 mln euros revenue due to Schiphol restrictions LONDON, Feb 17 Reuters Air FranceKLM said on Friday its 2023 bookings were almost back to prepandemic levels as it reported a betterthan expected fourthquarter operating profit with global travel demand seeing a rebound. The airline39;s […]