By Victoria Klesty OSLO (Reuters) -DNB reported a 17% rise in fourth-quarter earnings on Thursday, in line with forecasts, as a relaxation of coronavirus restrictions boosted Norway’s largest bank. Net profit rose to 6.16 billion crowns ($698 million) for the October-December quarter from 5.27 billion a year earlier, in line with the 6.15 billion expected …
Norway’s DNB gets profit boost from end of lockdown Read More »
By Marine Strauss BRUSSELS (Reuters) – ArcelorMittal, the world’s second largest steelmaker, said on Thursday it would increase its dividend and announced a new $1 billion capital return for the first half of the year after reporting better-than-expected fourth-quarter earnings. The uplift brings the capital returns announced by the company since September 2020 to $7.2 …
ArcelorMittal raises dividend, announces new $1 billion capital return Read More »
By Carolyn Cohn and Paul Arnold LONDON (Reuters) -Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial crisis. Insurers were gloomy about the outlook when the pandemic took hold in early 2020, …
Upbeat Zurich Insurance lands highest profit since financial crisis Read More »
A look at the day ahead in markets from Sujata Rao Markets are enjoying a respite of sorts. With 10-year Treasury yields down five basis points from recent highs, the Nasdaq has managed to rebound around 10% from late-January troughs. Europe’s STOXX 600 is opening higher after bumper earnings propelled the index to its best …
By David Lawder WASHINGTON (Reuters) -The Biden administration is considering a new China tariff probe if talks fail to persuade Beijing to follow through on promised purchases of U.S. goods, energy and services, officials from the largest U.S. business lobbying group said on Wednesday. The administration is also considering other options, including working more closely …
New China tariff probe among options considered by Biden -U.S. Chamber Read More »
By Byron Kaye and Shashwat Awasthi (Reuters) -National Australia Bank Ltd, the country’s No. 2 lender, posted a bigger-than-expected jump in first-quarter profit on Thursday as a robust property market brought a flurry of new businesses, sending its shares 4% higher. The result caps a reporting season for the country’s so-called Big Four lenders where …
National Australia Bank posts robust earnings amid property boom Read More »
WASHINGTON (Reuters) – Toyota Motor Corp said on Wednesday it did not expect its auto plants in Ontario to produce vehicles for the rest of the week, because of supply problems stemming from COVID-19 trucking protests and other factors. “Due to a number of supply chain, severe weather and COVID related challenges, Toyota continues to …
Toyota says trucking protests force cuts to Canadian production Read More »
By Rowena Edwards LONDON (Reuters) – Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not …
Analysis-After oil, gas and coal, global fuel shortage spreads to diesel Read More »
(Reuters) – Nuix Ltd said on Thursday that Australia’s corporate regulator will take no further action against the software maker, backed by conglomerate Macquarie Group Ltd, over prospectus forecasts filed ahead of its 2020 listing. The Australian Securities and Investments Commission (ASIC), however, will continue with its investigation into the company’s public disclosures made after …
Nuix says Australia regulator completes pre-IPO investigation Read More »
SAO PAULO (Reuters) – Planemaker Embraer SA announced on Wednesday it had reached a deal with Brazilian Air Force to cut its order for 28 KC-390 military cargo planes to 22 aircraft, and to add compensation clauses to the contract between both parties. While the Air Force order now is six planes less than the …
Embraer strikes deal with Brazilian Air Force on KC-390 order reduction Read More »
