By Padraic Halpin DUBLIN (Reuters) – SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in a deal it said would make it the world’s second largest aircraft lessor by number of aircraft. The acquisition to create a combined company with 37 billion euros ($38.45 …
Aircraft lessor SMBC to buy rival Goshawk in $6.7 billion deal Read More »
LISBON (Reuters) – Portugal’s largest listed bank, Millennium bcp, posted on Monday a 95% rise in first-quarter net profit, driven by robust income at home, despite losses at its Polish subsidiary due to heavy provisions for foreign currency loans. The bank reported a net consolidated profit of 112.9 million euros ($118 million) in the quarter …
Portugal Millennium bcp’s quarterly profit doubles, despite losses in Poland Read More »
By Michael Hogan and Maytaal Angel HAMBURG/LONDON (Reuters) – Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain at the weekend in a bid to keep a lid on soaring domestic prices, trade sources told Reuters. Importers, especially those in Asia, were banking …
Wheat importers in Asia scramble for supplies after Indian export ban Read More »
SINGAPORE (Reuters) – India’s ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses Canada, Europe and Australia and snarled supply lines in the war-torn Black Sea area. Benchmark wheat futures in Chicago jumped by their 6% limit on Monday …
Explainer-What India’s u-turn on wheat exports means for world markets Read More »
SHANGHAI (Reuters) – China’s securities association is urging the country’s brokerages to set up a sound remuneration system, warning that excessive, or short-term incentives could trigger compliance risks. Securities firms’ remuneration system should also be closely linked with risk management, while pay disbursements should be smoothed out in arrangements that take into account market fluctuations …
China warns bankers against excessive incentives in pay curbs Read More »
By Winni Zhou and Alun John SHANGHAI/HONG KONG (Reuters) – Major investment houses are cutting their forecasts for the yuan for the second time in just three weeks as the Chinese currency’s recent sharp declines tore through their previous revisions, catching many off guard. A triple whammy of slowing growth, COVID-19-related economic disruptions and aggressive …
Investment banks rush to cut yuan forecasts again after April revisions Read More »
TOKYO (Reuters) – Japan’s government is set to craft a first extra budget for this fiscal year to next March worth 2.7 trillion yen ($20.9 billion), featuring steps to cope with surging oil prices and to be funded with deficit-covering bond issues, a draft seen by Reuters showed. The extra budget will be approved by …
Japan govt to craft $21 billion extra budget to cope with surging oil costs – draft Read More »
BEIJING (Reuters) – China’s market regulatory agency said on Monday that Tesla Inc is recalling 107,293 China-made Model 3 and Model Y vehicles due to overheating that may cause the centre touchscreen display to malfunction, among other issues. The overheating could also lead to other malfunctions, including windshield settings and gear displays, according to a …
China regulator says Tesla recalling 107,293 China-made Model 3, Model Y vehicles Read More »
By Sam Nussey and Mayu Sakoda TOKYO (Reuters) -Glassdoor owner Recruit Holdings says it wants to have women in 50% of its senior executive and managerial roles within 10 years – a rare pledge in a country where men dominate the top echelons of companies, politics and the civil service. The push for more women …
Japan’s Recruit sees more female executives as key to growth Read More »
TOKYO (Reuters) – Japan’s largest lender Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it expects a 12% drop in net profit for the current financial year due to market volatility and an uncertain economic outlook, after scoring a record annual profit for the previous year. MUFG joins Sumitomo Mitsui Financial Group Inc (SMFG) …
Japan’s top lender MUFG expects 12% drop in annual profit Read More »
