By Hadeel Al Sayegh and Maha El Dahan DUBAI (Reuters) -Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. The profits, which are around triple that of …
Saudi Aramco reports record profit of $161.1 billion in 2022 Read More »
(Reuters) – The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank’s collapse, Bloomberg News reported on Saturday. Regulators discussed the new special vehicle in conversations with …
US weighs new fund to backstop deposits if more banks fail, Bloomberg News says Read More »
By Summer Zhen HONG KONG (Reuters) – China stock investors, already disillusioned by Beijing’s lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said. China’s CSI300 Index dropped 4% last week, while Hong Kong’s Hang Seng tumbled 6%, as China’s moderate …
SVB collapse could add to China stock investors’ anxiety Read More »
By Kevin Yao BEIJING (Reuters) – Yi Gang’s surprise re-appointment as China’s central bank governor on Sunday means a pro-market mind of high international stature will continue to represent the world’s second-largest economy on the global stage. Yi, 65, was widely expected to retire as President Xi Jinping installs close allies in key roles in …
‘Steady hand’: China surprisingly retains central bank chief Read More »
TOKYO (Reuters) – South Korea’s Coupang is halting service in Japan this month, less than two years after it entered the market, the e-commerce firm confirmed on Friday. Coupang started operations in Japan in June 2021, gaining popularity during the pandemic with its grocery delivery services in the Tokyo area. The company alerted customers that …
Korean e-commerce firm Coupang to exit Japan market Read More »
By Nikunj Ohri (Reuters) – The Indian government may put a plan to sell part of its stake in Hindustan Zinc (HZL) on hold unless the company calls off the nearly $3 billion cash acquisition of two Vedanta Group subsidiaries, a senior government source said. The government is the largest minority shareholder in HZL with …
Indian govt may put Hindustan Zinc share sale plan on hold – source Read More »
(Reuters) – The U.S. Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures on Monday. The meeting from 11:30 a.m. (0330 GMT) will primarily review and determine the advance and discount rates to be charged by the Federal Reserve banks, the Fed said in a statement. The …
U.S. Federal Reserve governors to hold closed-door Monday Read More »
By Suleiman Al-Khalidi AMMAN (Reuters) -Israel launched several rocket strikes on areas in Syria’s Hama province and the coastal Tartous countryside on Sunday, Syrian state media reported. Rockets flew from across northern Lebanon towards their targets, with three military personnel injured according to the report, which gave no further details. An Israeli military spokesperson declined …
Israel hits areas in Syria’s Hama and Tartous countryside – Syrian state media Read More »
DUBAI (Reuters) -Iran has reached a deal to buy advanced Su-35 fighter planes from Russia, Iranian state media said on Saturday, expanding a relationship that has seen Iranian-built drones used in Russia’s war on Ukraine. “The Sukhoi-35 fighter planes are technically acceptable to Iran and Iran has finalised a contract for their purchase,” the broadcaster …
Iran to buy Su-35 fighter jets from Russia – Iranian broadcaster Read More »
CIUDAD DE MÉXICO, 11 mar (Reuters) -América, el club más ganador del fútbol mexicano con 13 títulos, venció el sábado 2-0 como visitante a Tigres UANL en un partido donde destacó el argentino Leonardo Suárez con un gol y una asistencia. En los otros encuentros del sábado, Cruz Azul y León ganaron 1-0 a Pumas …
América gana en México con gol y asistencia de argentino Suárez Read More »
