Reuters US Business

By Fransiska Nangoy JAKARTA (Reuters) -Indonesia will start using its government-set benchmark coal price as the floor price for transactions starting next month, a senior official at the Energy and Mineral Resources Ministry said on Wednesday. Indonesia currently uses the government benchmark price, known as the HBA, to calculate royalty fees for coal miners. Energy …

Indonesia to use its benchmark coal price for transactions from March 1 Read More »

By Dominique Vidalon PARIS (Reuters) -French food group Danone said on Wednesday it would use some of its record cash for acquisitions as it further expands into health and medical nutrition, having delivered 2024 sales slightly above analysts’ expectations. The consumer goods giant, whose brands include Evian and Badoit water and Activia yoghurt, also improved …

Food group Danone to step up acquisitions after strong 2024 cash performance Read More »

By Rafal Wojciech Nowak and Tristan Veyet (Reuters) -German healthcare group Fresenius reported fourth-quarter earnings above market expectations on Wednesday, driven by a strong performance at its hospital drug unit Kabi. Its shares jumped around 7% by 0910 GMT, among top performers on Europe’s benchmark STOXX 600 index. Since 2022, Fresenius has been reorganizing its …

Germany’s Fresenius tops profit estimates on strong drug unit performance Read More »

By Noel Randewich (Reuters) – Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker’s sales slumped in Europe in January. The European Automobile Manufacturers Association reported that Tesla sales dropped 45% in Europe, compared with a 37% jump …

Tesla’s market value tumbles below $1 trillion as its Europe sales slump Read More »

By Stephen Nellis (Reuters) -Apple shareholders voted to keep the tech giant’s diversity, equity and inclusion policies on Tuesday, a win for management which had opposed efforts by a conservative group to scrap the program. The vote at the iPhone maker’s annual meeting was seen as a test of shareholder views about the value of …

Apple shareholders vote to keep its diversity policies Read More »

By Sameer Manekar and Rajasik Mukherjee (Reuters) -Australian logistics software maker WiseTech Global appointed former CEO Richard White as its executive chairman on Wednesday, even as the firm’s board and investors remain split over the billionaire founder’s role following a flurry of controversies. The move comes as the company navigates a tumultuous period marked by …

Embattled founder Richard White takes on WiseTech chairman role, shares rise Read More »