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China holds up chipmaker Arm’s plan to offload joint venture – FT

(Reuters) -China is holding up Softbank Group Corp -owned Arm’s plan to offload its troubled joint venture in the country, Financial Times reported on Thursday. Chinese officials have declined to process the paperwork confirming Arm China’s transfer to a new Vision Fund entity since the documents were submitted to business regulators around May last year, …

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Indonesia wants crude palm oil exports to be routed via exchange from June

By Fransiska Nangoy JAKARTA (Reuters) – Indonesia, the world’s biggest palm oil exporter, plans to require crude palm oil exports to go through a futures exchange in order to create the country’s own benchmark price, the head of its commodity futures regulator said on Thursday. Authorities are developing a trading scheme for crude palm oil …

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Hohe Preise belasten – Evonik rechnet 2023 mit Ergebnisrückgang

Düsseldorf (Reuters) – Der Spezialchemiekonzern Evonik rechnet wegen hoher Energiepreise und der Unsicherheit um die konjunkturelle Entwicklung 2023 mit einem Gewinnrückgang. Das operative Ergebnis (bereinigtes Ebitda) werde bei einem Umsatz von 17 bis 19 Milliarden Euro voraussichtlich in einer Spanne von 2,1 bis 2,4 Milliarden Euro liegen, teilte Evonik am Donnerstag mit. “Unsere Prognosespanne ist …

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Finnish dockworkers strike ends with wage deal

HELSINKI (Reuters) – A deal was reached in a wage dispute between employers and unionised dockworkers in Finland, Transport workers’ union AKT said in a statement late on Wednesday The deal, which includes a 6.5% wage increase over 25 months, ended a two-week long strike by the dockworkers that had impacted imports and exports via …

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Dutch inflation picks up in February as food prices surge

AMSTERDAM (Reuters) – Inflation in the Netherlands picked up again in February after four months of deceleration, driven by surging food prices, Dutch statistics agency CBS said on Thursday. Consumer prices, harmonised to be comparable with inflation data from other European Union countries (HICP), were 8.9% higher than a year before, following an 8.4% reading …

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BOJ’s Takata: No need now to take more steps vs market distortion

TOKYO (Reuters) – Bank of Japan (BOJ) board member Hajime Takata said on Thursday he did not see a need now to take additional steps to iron out market distortion caused by the bank’s massive bond-buying. But he told a news conference the BOJ must “always” scrutinise side-effects of prolonged monetary easing and stand ready …

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Factbox-Tesla investor day gives a rare look at executive bench

By Hyunjoo Jin SAN FRANCISCO (Reuters) – More than a dozen Tesla executives took the stage at the company’s Investor Day on Wednesday, a departure from its previous such events where Elon Musk tended to dominate. The move, a first for Tesla, appeared to be aimed at showcasing the depth of its executive bench as …

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Singapore tightens requirements for residency-linked investor programme

By Xinghui Kok SINGAPORE (Reuters) – Singapore will raise the minimum investment required for individuals to obtain permanent residence in the city-state, the Economic Development Board (EDB) said on Thursday, as part of the government’s efforts to draw in “top-tier business owners”. To qualify for the so-called global investor programme, investors are now required to …

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SGS divests vehicle inspection business to Macadam Europe

ZURICH (Reuters) – SGS is divesting its automotive asset assessment and retail network services business to Belgium’s Macadam Europe, the Swiss company said on Thursday. The business carries out inspections for leased and new vehicles as well as dealership standard audits. It currently has around 250 employees in 19 countries in Europe and Turkey, and …

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SAP-Rivale Salesforce überrascht mit Umsatzprognose – Aktie steigt

(Reuters) – Der SAP-Rivale Salesforce stellt dank der robusten Nachfrage nach seinen Produkten unerwartet starke Umsätze in Aussicht. Der Anbieter etwa der Messaging-App Slack und der Plattform Customer 360 sagte am Mittwoch nach Börsenschluss für das laufende Quartal (per Ende April) Erlöse zwischen 8,16 und 8,18 Milliarden Dollar voraus. Analysten waren bislang im Schnitt von …

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