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Raiffeisen Slumps After Confirming OFAC Request For Information On Russia Business

Shares in Raiffeisen Bank International (VIE:RBIV) slumped in early trade in Vienna on Monday, hurt by a report that it…

Maersk Nears Complete Russia Exit After Selling Logistics Sites

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development…

Palantir Posts First Quarterly Profit Following New Contract Wins

Palantir (NYSE:PLTR) reported its first-ever quarterly profit, as well as a top- and bottom-line beat in the final three months…

Toshiba Cuts Full-Year Profit Estimate, COO Resigns

Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate…

Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War

Slashed prices have given Tesla (NASDAQ:TSLA)’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs…

Nissan, Renault To iInvest $600 Million To Make New Models In India

Nissan (OTC:NSANY) Motor Co and Renault SA (OTC:RNLSY) said on Monday they would invest $600 million to make six new…

Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources

SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with…

Exclusive-Intel Weighs Boost To Investment In Vietnam Chip Packaging Plant -Sources

Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and…

Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases…

AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand

AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare…