Cabinet to give final approval for plan to sell PIA minister Sale is part of reforms under IMF bailout package Debt to be stripped out to offer clean entity for sale 39;Don39;t throw it away39;, says PIA source ISLAMABAD, Feb 2 Reuters Ahead of elections next week, Pakistan39;s caretaker administration is making binding plans for […]

STOCKHOLM, Feb 1 Reuters The shakeout in the global electricvehicle industry is picking up speed. Chinese automaker Geely39;s GEELY.UL move on Thursday to take over funding of struggling EV maker Polestar from Volvo Cars is the latest consolidation among EV brands since Tesla Inc39;s historic financial surge in the early 2020s. Tesla rode cheap capital, technological breakthroughs and Elon Musk39;s outsized persona to […]

TOKYO, Feb 2 Reuters Mizuho Financial Group Inc, Japan39;s thirdlargest lender by assets, reported on Friday an 8.2 increase in quarterly net profit, helped by brisk loan demand from companies and subdued loanloss provisions. Mizuho posted a profit of 226.57 billion yen 1.54 billion in the OctoberDecember period versus 209.31 billion yen a year earlier, […]

Reuters Meta Platforms issued its first dividend days ahead of flagship social network Facebook39;s 20th anniversary, while reporting revenue and profit that beat expectations on robust ad sales in the holiday shopping period. Shares soared more than 14 after the bell, pushing the company39;s stock market valuation up by more than 140 billion and extending a […]

TOKYO, Feb 2 Reuters Japan39;s Panasonic Holdings kept the operating profit forecast for its batterymaking energy unit on Friday and reported a rise in thirdquarter operating profit for the segment, helped by stronger sales in North America. The unit, which makes batteries for Tesla and other automakers, maintained its forecast for operating profit of 115 billion yen […]