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StanChart lowers income target, launches $1 billion share buyback as profit jumps 18%

StanChart lowers income target, launches $1 billion share buyback as profit jumps 18%

HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as pr..

Allianz nearly doubles Q4 net profit, helped by health and life business

Allianz nearly doubles Q4 net profit, helped by health and life business

FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net profit from a year earlier, a figure that came in j..

BASF dials up cost cuts in Germany, flags earnings rebound

BASF dials up cost cuts in Germany, flags earnings rebound

FRANKFURT (Reuters) -Germany’s BASF will slash another 1 billion euros ($1.1 billion) in annual costs at its Ludwigshafen headqu..

ECB reports record loss for 2023 as rate hikes bite

ECB reports record loss for 2023 as rate hikes bite

FRANKFURT (Reuters) – The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses were ..

China’s Xpeng signs partnership with UAE’s Ali&Sons, eyes Italian market

China’s Xpeng signs partnership with UAE’s Ali&Sons, eyes Italian market

BEIJING (Reuters) – China’s Xpeng on Thursday said it has established a strategic partnership with UAE-based Ali&Sons ..

As Nikkei eclipses 34-year record, derivatives signal stall ahead

As Nikkei eclipses 34-year record, derivatives signal stall ahead

TOKYO (Reuters) – As Japan’s Nikkei catapults past its bubble-era peak and investors grow confident of future gains, flows..

TotalEnergies Texas refinery running at minimal rates, say sources

TotalEnergies Texas refinery running at minimal rates, say sources

HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas, is operating at minimal productio..

Nestle misses sales estimates as price hikes deter shoppers

Nestle misses sales estimates as price hikes deter shoppers

LONDON (Reuters) – Nestle reported full-year organic sales growth slightly below expectations on Thursday as the world’s b..

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

(Reuters) – German food delivery company Delivery Hero said on Wednesday that the ongoing talks for the potential sale of its fo..

German economy in stormy waters as government slashes forecast

German economy in stormy waters as government slashes forecast

By Christian Kraemer and Rachel More BERLIN (Reuters) -The German government expects the economy to grow 0.2% this year, far less tha..