BEIJING (Reuters) -Chinese electric vehicle battery giant CATL reported a 26% year-on-year rise in third-quarter profit, a stock filing showed on Friday, accelerating from the previous quarter as it maintains a lead over smaller rivals. CATL made a net profit of 13.14 billion yuan ($1.85 billion) in July-September, while its revenue fell 12.5% year-on-year to …
By Charlotte Greenfield, Aftab Ahmed NEW DELHI (Reuters) -In February 2020, Nasreen and her husband Tofik were living in Shiv Vihar, an upcoming neighbourhood in northeast New Delhi. But that month, riots erupted targeting Muslims like them and Tofik was pushed by a mob from the second floor of the building where they lived, according …
In Modi’s Delhi, Indian Muslims segregate to seek security Read More »
TAIPEI (Reuters) – The Taipei-listed shares of TSMC hit a record high on Friday after the world’s largest contract chipmaker posted forecast-beating third-quarter earnings and gave a rosy outlook for strong artificial intelligence (AI) demand. Shares closed up 4.8% at T$1,085 ($33.77), surpassing the previous record of T$1,080 on July 11. That gives TSMC a …
TSMC stock hits new high after forecast-beating earnings Read More »
(Reuters) -Kotak Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia’s third-largest economy. StanChart’s personal loan book had an outstanding of 41 billion rupees ($488 million) as of Sept. 30, Kotak …
StanChart sells India personal loan business to Kotak Mahindra Bank Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African click-and-collect company Pargo is exploring an expansion into the rest of Africa, its CEO said in an interview, betting on e-commerce growth on the continent. Africa is forecast to surpass half a billion e-commerce users by 2025, having shown a steady 17% compound annual growth rate of online …
South African click-and-collect firm Pargo considers continent-wide expansion Read More »
By Hritam Mukherjee (Reuters) -Indian shares snapped a three-day losing streak on Friday as gains in Axis Bank lifted heavyweight financials, although foreign fund outflows dragged down the benchmarks to a third weekly loss. The Nifty 50 index closed 0.42% higher to 24,854.05 points as of 3:30 p.m. IST, after hitting a two-month low earlier …
Indian shares rebound after 3-day slump but weekly losses continue Read More »
By Kanishka Singh WASHINGTON (Reuters) -The United States has charged a former Indian intelligence officer for allegedly directing a foiled plot to murder a Sikh separatist and Indian critic in New York City, with the FBI warning against such a retaliation aimed at a U.S. resident. An indictment of Vikash Yadav was ordered to be …
US charges ex-Indian intelligence official in foiled Sikh separatist murder plot Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation could ease more quickly than previously thought and economic growth is also likely to remain weak, ECB policymakers and fresh surveys said on Friday, reinforcing the case for a rapid pace of interest rate cuts in the months ahead. The ECB lowered interest rates …
Case for quick ECB rate cuts mounts as growth weakens and inflation is tamed Read More »
COPENHAGEN (Reuters) -Intrum, Europe’s biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns …
Intrum seeks US bankruptcy protection to restructure $4.7 billion net debt Read More »
By Kirstin Ridley and Carolyn Cohn LONDON (Reuters) -Senior British bankers will be able to cash in bonuses up to three years sooner under proposals unveiled by the Bank of England on Thursday, as it pushes ahead with reforming tough credit crisis-era rules to boost competition. One year after British regulators scrapped a decade-long cap …
UK proposes easing banker bonus rules to boost competitive edge Read More »
