ATHENS (Reuters) – OTE Group, Greece’s biggest telecoms operator, increased its payout to shareholders this year and said it would continue investing in fast fibre broadband connections to homes and in 5G service to deal with intense competition. OTE, majority owned and managed by Deutsche Telekom, will pay a dividend of 0.5765 euros per share, …
OTE raises dividend, sticks to fast network investments Read More »
FRANKFURT (Reuters) -German reinsurer Munich Re beat its full-year earnings target with a 16.7% gain despite Ukraine-related claims and after fourth-quarter net profit jumped by a better than expected 74% on equity disposals and lower tax payments. Jefferies analysts described the results as a “remarkable achievement” given a challenging year featuring claims from Hurricane Ian …
Munich Re beats 2022 profit target with 74% fourth-quarter leap Read More »
By Praveen Paramasivam CHENNAI (Reuters) – Metro Brands Ltd, which sells Crocs clogs in India, is hiring between 1,500 and 2,000 workers in the country to staff the new footwear stores it plans to open by the end of 2025, its chief executive told Reuters. The company, which had 720 stores as of end-2022 and …
Indian footwear retailer Metro hiring up to 2,000 store workers-CEO Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian pet food maker Pet World Nutritions is planning an initial public offering (IPO) in Singapore to raise up to $100 million, two sources with knowledge of the matter told Reuters, in what could be the biggest IPO in Singapore in over a year. The offering could give a …
Malaysia’s Pet World Nutritions eyes Singapore IPO as early as end-2023 Read More »
By Victoria Waldersee, Hakan Ersen and Christoph Steitz BERLIN/FRANKFURT (Reuters) -SAP software company has named former Deloitte CEO Punit Renjen as designated supervisory board chairman to succeed co-founder Hasso Plattner, whose term will expire in May 2024 after two decades. SAP’s board nominated 61 year-old Renjen, CEO of Deloitte from 2015 until the end of …
SAP names ex-Deloitte CEO as chairman designate to succeed co-founder Read More »
JERUSALEM (Reuters) – Bank of Israel Governor Amir Yaron held an emergency meeting of the country’s Financial Stability Committee late on Wednesday to discuss developments in the financial markets including a sharp weakening of the shekel, Israeli media reported. The central bank on Thursday declined to comment on whether a meeting took place. Israel’s shekel …
Bank of Israel chief convened stability panel amid market turmoil -media Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the country’s largest lender said on Thursday. While loans to this segment have been growing fast, defaults have thus far been few. “We cannot have …
Indian banks may face rise in bad loans from retail, small businesses – SBI official Read More »
Por James Imam BERLÍN, 23 feb (Reuters) – Deutsche Telekom presentó el jueves unos beneficios del cuarto trimestre mejores de lo previsto, señalando el crecimiento de clientes en Alemania y los buenos resultados de T-Mobile US, y pronosticó un ligero aumento de los beneficios este año. El beneficio ajustado antes de intereses, impuestos, depreciaciones y …
By Tristan Chabba and Anna Mackenzie (Reuters) -Europe’s biggest hotel group Accor on Thursday forecast higher revenue per available room (RevPAR) for 2023 as Chinese travelers are expected to return, after its annual core profit beat expectations on strong December activity. Hotel chains were hit hard by China’s strict pandemic restrictions and are now hoping …
Hotel group Accor beats on core earnings, bullish on Chinese tourists Read More »
SOFIA (Reuters) -Bulgaria could join the euro zone from January 2025 if it meets all entry criteria, the European Commission Vice-President Valdis Dombrovskis said on Thursday. Bulgaria last week scrapped its target to adopt the euro in January 2024 as it fails to meet the inflation criteria and has not adopted some legal changes. “The …
Bulgaria could adopt the euro from 2025 if ready -EU’s Dombrovskis Read More »
