ZURICH (Reuters) – Credit Suisse’s Private Banking Switzerland will be part of its Swiss business from April 1 rather than of the newly created wealth management unit, the bank said in an internal memo on Monday, making first changes to a new structure presented in November. “We have carefully weighed the pros and cons of …
Credit Suisse’s Private Banking Switzerland to be part of Swiss business Read More »
KUALA LUMPUR (Reuters) – Malaysia’s state energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday swung to a fourth-quarter profit of 13.4 billion ringgit ($3.20 billion), compared with a loss of 1.1 billion ringgit in the same period a year ago. Revenue rose 74% to 76.6 billion ringgit in the December quarter, due mainly to …
Malaysia’s state energy firm Petronas posts Q4 profit Read More »
(Reuters) -Chinese search engine giant Baidu Inc reported quarterly revenue above Wall Street estimates on Tuesday, powered by high demand for its cloud and self-driving taxi services. Baidu has been doubling down on self-driving vehicles by leveraging the company’s capabilities in artificial intelligence as it looks for alternative revenue streams to maintain its blistering pace …
Baidu beats quarterly revenue estimates on AI, cloud services strength Read More »
By Ben Blanchard and Yew Lun Tian TAIPEI/BEIJING (Reuters) – A delegation of former senior U.S. defence and security officials sent by President Joe Biden arrived in Taipei on Tuesday on a visit denounced by China and happening in the midst of Russia’s invasion of Ukraine. The visit, led by one-time chairman of the Joint …
U.S. delegation arrives in Taiwan as China denounces trip Read More »
TOKYO (Reuters) – The exit of Shell from the Sakhalin-2 liquefied natural gas (LNG) plant does not impact Japan’s energy imports, Japan’s government spokesperson Hirokazu Matsuno said on Tuesday. Japan will work with international society to take the necessary measures, while taking into account its own national energy security, Matsuno added. Major Western oil companies …
Shell exit from Sakhalin LNG does not impact Japan’s energy imports – govt Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils could …
Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply Read More »
KABUL (Reuters) -The Taliban administration’s announcement that it would restrict Afghans from leaving the country under certain circumstances drew concern from the United States and the United Kingdom this week amidst fears they could hamper ongoing evacuation efforts. The Taliban administration’s spokesman Zabihullah Mujahid had said at a media conference on Sunday that Afghans would …
Taliban restrict Afghans going abroad, raises concern from U.S. and UK Read More »
By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) -As western governments ratchet up sanctions against Russia over its invasion of Ukraine, Moscow’s emerging markets allies are exploring channels for trade and financing to continue. The other members of the erstwhile BRICs group – Brazil, India and China – are treading cautiously for fear of tripping …
After sanctions barrage, Russia’s emerging market allies explore workarounds Read More »
By Stephanie Kelly NEW YORK (Reuters) – Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest …
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar jumped to its highest level in nearly two years and the Russian rouble plunged to a record low on Thursday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved toward safe-haven assets. Russian forces invaded Ukraine in an assault by …
Dollar jumps to near two-year high as Russia invades Ukraine Read More »
