RIO DE JANEIRO, March 8 Reuters Investor frustration with a meager dividend from Brazil39;s staterun oil firm Petrobras wiped out over 50 billion reais 14 billion of its market value on Friday after governmentappointed board members voted down a more generous payout. The nearly 10 drop in shares reflects investors39; biggest frustration yet with Chief […]

BEIJING, March 8 Reuters Chinese stateowned oil and gas giant CNOOC Ltd has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved inplace, the company said in a statement on Friday. The reserve is located at CNOOC39;s deepwater Kaiping South oilfield in the Pearl River Delta near […]

KUALA LUMPUR, March 8 Reuters Goodyear Tire Rubber Co, one of the world39;s largest tire makers, plans to shut down its plant in Malaysia on June 30 a decision expected to affect more than 500 employees, the company and Malaysia39;s investment promotion agency said. Goodyear said the decision to shutter the plant in the Shah […]

Wage talks wrap up March 13, initial estimate due out March 15 Economists expect 2024 pay hikes to hit 31year high of 3.9 Still wage growth not strong enough to turn around real wages Wage talks seen as decisive factor for end to negative rates TOKYO, March 8 Reuters Big Japanese companies look set to […]

HONG KONG, March 8 Reuters A Hong Kong court adjourned a hearing to liquidate Chinese property developer Kaisa Group to April 29 after a bond trustee, instructed by a major group of dollar bondholders, replaced the original petitioner. The latest development came after Broad Peak Investment, which filed the windingup petition in July in relation to […]

LONDON, March 7 Reuters Nationwide39;s 2.9 billion pound 3.7 billion play for Virgin Money is fuelling talk that Britain39;s biggest banks might pounce on smaller lenders, heralding an MA watershed as competition to lend reaches new heights. The allcash deal proposed by the 140yearold mutuallyowned building society is potentially the biggest British banking takeover since the 2008 […]

BARCELONA, March 8 Reuters Shares of Spanish drugmaker Grifols rose more than 16 on Friday morning after it said auditor KPMG approved its 2023 results with an unqualified opinion, without modifying the profit and debt ratio previously reported. Grifols last week published its 2023 results, pending an audit, which analysts said contributed to the share price39;s tumbling […]

COPENHAGEN, March 8 Reuters Novo Nordisk39;s head of development on Friday told Reuters he was very comfortable the drugmaker would be able to launch the pill version of its experimental weight loss drug amycretin this decade. I never commit to timelines but I would be very comfortable to say at the very least within this decade, […]