April 29 Reuters Hong Kongbased insurer AIA Group on Monday posted a 31 rise in its firstquarter value of new business VONB on a constant exchange currency basis helped by strong performance across segments, and announced an additional 2 billion share buyback. AIA Group also announced an enhanced capital management policy under which it will target […]

Big Five lenders post shrinking margins Lenders net profit results diverge NPL ratios mostly flat BEIJINGSHANGHAI, April 29 Reuters Margins at China39;s Big Five lenders shrank during the first quarter as banks came under pressure to support cashstarved property developers while loan demand remained weak. Agricultural Bank of China Ltd39;s AgBank net interest margin NIM contracted […]

MADRID, April 29 Reuters Spain39;s BBVA on Monday said its firstquarter net profit rose 19 from the same period in 2023 thanks to a solid performance in Mexico and Spain. The fourthbiggest lender in the euro zone by market value booked a net profit of 2.2 billion euros 2.36 billion in the January to March period, […]

ZURICH, April 29 Reuters Seeds and pesticides maker Syngenta suffered big drops in first quarter sales and profit, the company said on Monday, just a few weeks after the Swiss company shelved its plans for a 10 billion flotation. Sales fell 20 to 7.4 billion, Syngenta said, while core operating profit EBITDA declined by 34 to 1.2 […]

April 29 Reuters French media conglomerate Vivendi said a feasibility study for its planned split into four separate businesses was progressing, as it posted a nearly 87 jump in first quarter sales on Monday. The option being examined is a partial split where Canal, advertising firm Havas, and a company grouping its publishing and distribution assets […]

FRANKFURT, April 29 Reuters Deutsche Bank shares were 5.5 lower in early trade on Monday after news that Germany39;s largest lender could be on the hook for up to 1.3 billion euros 1.39 billion in a yearslong lawsuit claiming it underpaid in its purchase of Postbank. Deutsche Bank unexpectedly announced late on Friday that it would make a provision to […]

BENGALURU, April 29 Reuters HCLTech shares plummeted as much as 6.3 on Monday, its biggest fall in nearly 17 months, as India39;s No.3 software services company forecast fiscal 2025 revenue growth below estimates. The stock trimmed some losses to trade 5.62 lower at 1.392.05 rupees as of 12.06 p.m. IST, and was the biggest loser on […]