Aston Martin Annual Losses Narrow, Prices Hit Record Levels

Feb 28 Reuters Aston Martin39;s annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie models and other special edition cars. Fictional secret agent James Bond39;s car brand of choice, Aston Martin has had a tough time since its […]
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GoTo, TikTok Compliance with Indonesias Trade Regulation nears 100, says GoTo CEO

JAKARTA, Feb 28 Reuters Indonesian tech firm GoTo and Chineseowned partner TikTok will be wholly compliant in a month and a half with the Southeast Asian nation39;s regulation that bans inapp transactions on social media, GoTo39;s CEO said on Wednesday. Short video app TikTok acquired in December majority shares in GoTo39;s ecommerce unit Tokopedia after the Indonesian trade […]
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Russias Sberbank Reports Record Annual Profit of 16 bln

MOSCOW, Feb 28 Reuters Russia39;s largest lender Sberbank reported a record annual profit of 1.5 trillion roubles 16.3 billion for 2023, a more than fivefold increase on the previous year as Russia39;s banking sector recovered from the impact of financial sanctions. Last year, Russian banks collectively made record profits of 3.3 trillion roubles, driven by sharp […]
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Russia Diamond Producer Alrosas Annual net Profit Drops 15.2

MOSCOW, Feb 28 Reuters Russia39;s sanctionshit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles 925 million, down 15.2 from the previous year. Turnover was up 9.2 at 322.6 billion roubles. Group of Seven leaders agreed in December to ban nonindustrial diamonds from Russia by January, and Russian diamonds sold by third countries from […]
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NZ Central Bank Holds Rates, Tones Down Hawkish Stance

WELLINGTON, Feb 28 Reuters New Zealand39;s central bank held the cash rate steady at 5.5 on Wednesday and trimmed the forecast peak for rates, catching markets by surprise as policymakers said the risks to the inflation outlook have become more balanced. The Reserve Bank of New Zealand39;s decision was in line with forecasts but defied […]
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Abu Dhabi Sovereign Fund to Invest Space Tech, AI this Year

ABU DHABI, Feb 28 Reuters Abu Dhabi39;s Mubadala Investment Co will deploy significant capital into artificial intelligence and space technology this year, its managing director said on Wednesday, committing the sovereign wealth fund to investing more in the United States. Khaldoon Mubarak told an investor conference in Abu Dhabi that sovereign wealth funds had an […]
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