BENGALURU, May 23 Reuters Page Industries, which licenses Jockey International39;s products in India, reported smallerthanexpected profit and revenue on Thursday, hurt by high inventory costs and subdued demand. The company, which manufactures and distributes innerwear, sportswear and athleisure for the brand, reported a profit of 1.08 billion rupees 13 million for the quarter ended March 31, falling […]

HONG KONG, May 23 Reuters Cashstrapped major property developer China Vanke said on Thursday it had received a 20 billion yuan 2.76 billion syndicated loan facility and it would continue to push forward other financing to boost its liquidity. The facility came after regulators in March asked financial firms and creditors to step up financing support […]

LONDON, May 23 Reuters Britain39;s finance ministry said it was working through internal due process when asked to clarify the possible impact of a July 4 election on the government39;s proposed retail offer in NatWest, a spokesperson told Reuters in an emailed statement on Thursday. The heavilyanticipated stock sale, a key milestone in the full […]

WASHINGTON, May 23 Reuters U.S. planemaker Boeing faces a long road to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company39;s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to address systemic […]

May 23 Reuters Ralph Lauren on Thursday forecast annual revenue growth below market expectations despite beating quarterly results, as it grapples with subdued demand in the United States. The company also named insider Justin Picicci as its new chief financial officer, replacing Jane Nielsen, who will continue as Ralph39;s operations head. The apparel maker39;s shares reversed […]

May 23 Reuters Google parent Alphabet39;s potential acquisition of HubSpot, a U.S. marketing software maker with a market value of 31 billion, would boost its ability to compete against Microsoft in offering cloudbased applications to companies. Reuters reported last month that Google was exploring an offer for HubSpot. Such a deal would be Google39;s biggest, expanding its products and […]

HSINCHU, Taiwan, May 23 Reuters Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual revenue growth of 10 in the global semiconductor industry, excluding memory chips. This is a new golden age of opportunity with AI, said senior vicepresident Cliff Hou, who was speaking at an event in Hsinchu, […]