MOSCOW, Feb 19 Reuters Precious metals producer Polymetal International said on Monday it had agreed to sell its Russian assets in a 3.69 billion deal that takes into account the debt of the Russian business. Polymetal has been seeking to sell its Russian assets, which were put under U.S. sanctions in 2023 in response to Moscow […]

BENGALURU, Feb 19 Reuters Tata Groupowned carrier Air India and plane partsmaker Tata Advanced Systems will invest 23 billion rupees 277.2 million in the Indian state of Karnataka, the state government said on Monday. Air India will conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport, while Tata Advanced Systems will set up […]

JOHANNESBURG, Feb 19 Reuters Telkom, South Africa39;s thirdbiggest telecom company, reported flat thirdquarter core profit on Monday, as costreduction initiatives partially offset inflationary pressures, expenses due to power cuts and increased bad debt provisions. The earnings before interest, tax, depreciation and amortisation EBITDA was stable at 2.5 billion rand 132.45 million in the three months […]

Bank to start buyback plan on Tuesday Cash dividend per share in 2023 up 50 on 2022 Bank to incorporate two new board members Shares rises by more than 2 MADRID, Feb 19 Reuters Spain39;s Santander announced a new share buyback programme of 1.46 billion euros 1.57 billion on Monday and said it would raise its […]

WASHINGTON, Feb 19 Reuters The U.S. government is awarding 1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains. GlobalFoundries, the world39;s thirdlargest contract chipmaker, will build a new semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, […]