Reuters Asia Business

By Rozanna Latiff KUALA LUMPUR (Reuters) – Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state oil firm Petronas this week, following a bid by descendants of a former sultanate to enforce a $15-billion award they had won against Malaysia, according to the heirs’ lawyer and court documents seen by Reuters. …

Petronas units in Luxembourg seized again in $15 billion arbitration dispute Read More »

By Gilles Guillaume BOULOGNE-BILLANCOURT, France (Reuters) -French carmaker Renault announced a dividend for the first time in four years as its ongoing revamp starts to bear fruit with better then expected operating margins. Though the company swung back to a loss with the hit from its withdrawal from Russia, 2022 group operating margin doubled from …

Renault restores dividends thanks to ‘cleaned fundamentals’ Read More »

(Corrects consensus figure in 3rd paragraph) (Reuters) – ADP, operator of airports in France, central Asia, India and elsewhere, on Thursday said it expected profits to fully recover from the COVID impact this year, after its annual earnings beat expectations on traffic recovery and stronger activity in its retail and services business. Airport operators’ profits …

Airport group ADP sees earlier profit recovery as passengers return Read More »

(Reuters) – Most Asian bonds witnessed foreign inflows in January, driven by hopes that the U.S. Federal Reserve would slow down the pace of its monetary tightening as inflation worries subsided. Foreigners purchased a combined net total of $4.3 billion in Indonesia, Malaysia, Thai and Indian bonds, data from regulatory authorities and bond market associations …

Most Asian bonds see foreign inflows in Jan on hopes of rate-hike pause Read More »

By Byron Kaye SYDNEY (Reuters) – Payments giant PayPal Holdings Inc wants buy-now-pay-later (BNPL) loans subjected to consumer protection law, it said in a submission to the Australian government, adding a powerful voice from inside the sector calling for regulation. The U.S. firm, which provides BNPL loans alongside its main money transfer service, said it …

PayPal tells Australia it supports buy-now-pay-later regulation Read More »

(Reuters) -Pakistan has hiked the price of petrol by 22.20 rupees ($0.0835) a litre to 272 rupees ($1.02) effective on Thursday because of the plummeting value of the country’s currency, the finance ministry said in a statement. The Pakistani rupee has fallen sharply against the dollar since an artificial cap on the local currency was …

Pakistan hikes petrol price by 22.20 rupees a litre – finance ministry Read More »

(Reuters) -Roku Inc forecast first-quarter revenue above analysts’ estimates on Wednesday, betting on its streaming devices and content platform to drive growth. Shares of the San Jose, California-based company rose nearly 12% in trading after the bell. A pandemic winner, Roku is benefiting from the ongoing trend of people ditching their traditional cable packages and …

Roku forecasts first-quarter revenue above estimates on streaming bet Read More »

By Luc Cohen NEW YORK (Reuters) – A former dean of Stanford’s law school and a computer science researcher at the university co-signed indicted FTX cryptocurrency exchange founder Sam Bankman-Fried’s bond, according to court records made public on Wednesday. Bankman-Fried, 30, has pleaded not guilty to fraud charges over the collapse of the now-bankrupt cryptocurrency …

Stanford law professor, researcher co-signed Bankman-Fried’s bond -court records Read More »