March 29 Reuters HSBC Holdings said it completed the C13.5 billion 9.96 billion sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada RBC on Thursday. The transaction will result in the recognition of an estimated gain of 4.9 billion in the first quarter of 2024, HSBC said in a statement on Friday. RBC […]

TOKYO, March 29 Reuters Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings said on Friday they have signed an automotive battery supply agreement. The deal comes out of talks about a battery supply partnership for electric vehicles that Mazda and Panasonic Energy started in June last year. Panasonic Energy also makes batteries for Tesla. […]

March 28 Reuters Global smartphone shipments are expected to rebound 3 this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by Counterpoint Research said on Thursday. Global shipments had declined more than 4 last year, earlier data from the research […]

March 28 Reuters Walgreens Boots Alliance recorded a 5.8 billion impairment charge on its investment in VillageMD on Thursday, at a time when the pharmacy operator was aiming to save costs. The impairment follows years of investment in the cashburning operator of doctors39; clinics during Rosalind Brewer39;s tenure as Walgreens CEO. Brewer wanted to expand the company39;s reach […]

Turkey set to be world39;s No.2 durum exporter in 202324 Fills supply gap left by droughthit top exporter Canada Turkey has exported 1.5 million metric tons so far in 202324 Brings some relief to pricepressured pasta makers ISTANBULPARIS, March 28 Reuters Turkey39;s spectacular breakthrough as an exporter of durum wheat has spared pasta fans another […]