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 […]

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 […]

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 […]

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 […]

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 […]

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 […]