FRANKFURT, May 15 Reuters Germany39;s Allianz posted a betterthanexpected 22 rise in firstquarter net profit, helped by strength in its property and casualty insurance business, the company said on Wednesday. Net profit attributable to shareholders of 2.475 billion euros 2.68 billion in the three months through March compares with profit of 2.032 billion euros a year […]

SHANGHAI, May 15 Reuters Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lowerpriced brand Onvo which aims to compete there with Tesla39;s Model Y, the world39;s bestselling EV. Nio unveiled the Onvo L60 SUV with a sticker price starting from 219,900 yuan 30,476, 12 below the price of Tesla39;s Model Y […]

May 15 Reuters New York Community Bancorp39;s shares reversed course to trade down 4 as a deal to sell 5 billion of mortgage warehouse loans failed to assuage investors worried about the long road to profitability for the embattled lender. The deal, already hinted by NYCB, with JPMorgan Chase on Tuesday bolsters its liquidity. However, concerns stemming […]

FRANKFURT, May 15 Reuters RWE Germany39;s largest electricity producer, on Wednesday posted betterthanexpected core profit for the first quarter, boosted by stronger winds and a better than expected performance at its trading division. Adjusted earnings before interest, tax, depreciation and amortisation EBITDA for the period fell more than a quarter to 1.71 billion euros 1.85 billion, […]

FRANKFURT, May 15 Reuters E.ON on Wednesday posted firstquarter profits that were roughly stable yearonyear, adding that investments were up by around a quarter as Europe39;s biggest operator of energy grids is massively ramping up spending on grids. Firstquarter adjusted core profit EBITDA was up 1 at 2.745 billion euros, while adjusted net profit was up […]

BHP has until May 22 to make a binding offer under UK rules Anglo rejected first two attempts, laid out restructuring plan BHP trying to drum up support for its bid from Anglo investors MELBOURNE, May 15 Reuters BHP Group39;s options for its pursuit of rival miner Anglo American include sweetening its 42.7 billion buyout offer, making […]

BENGALURU, May 15 Reuters Drugmaker Granules India posted a 1.6 fall in fourthquarter revenue on Wednesday, hurt by a decline in paracetamol sales and price erosion. The company39;s consolidated revenue fell yearonyear to 11.76 billion rupees nearly 141 million for the three months to March 31. Granules, which focuses on making active pharmaceutical ingredients API, holds […]

DOHA, May 15 Reuters TotalEnergies will continue to be listed in France, Chief Executive Patrick Pouyanne said on Wednesday, as the company considers a listing in the United States. On April 26, Pouyanne had told analysts TotalEnergies was seriously looking at a possible primary listing in New York to ensure easier access for U.S. investors, […]

BENGALURU, May 14 Reuters India39;s Siemens Ltd said on Tuesday it will demerge its energy business into a separate listed entity to focus on core businesses that meet the demands of shareholders at its German parent, Siemens AG. Siemens Ltd in December 2023 had said that it was exploring a spinoff of its energy business at the behest […]

BENGALURU, May 14 Reuters Colgate Palmolive India reported a 20 rise in fourthquarter profit on Tuesday, helped by price hikes and higher demand for its personal care products, mainly toothpastes. Net profit rose to 3.80 billion rupees 45.5 million for the JanuaryMarch period, from 3.16 billion rupees a year earlier. Consumer product makers like Colgate Palmolive […]