Business news

Austria-headquartered semiconductor manufacturer AT&S Austria Technologie & Systemtechnik AG plans to invest 8.5 billion ringgit ($2...

Campbell Soup Co on Wednesday slashed its forecast for full-year earnings on higher costs related to raw materials and transportation.

Auto battery maker and Tesla Inc supplier LG Energy Solution applied for preliminary approval of an initial public offering (IPO) that financial...

Brazil’s Nubank has raised $500 million in funds from Warren Buffett’s Berkshire Hathaway, giving a high profile boost to the...

U.S. agribusiness giant Cargill Inc said it is building a $200 million palm oil refinery in the Indonesian province of Lampung, which the company...

Global oil trading companies are ramping up jet fuel exports from Asia to Europe and the United States, as widespread anti-coronavirus vaccinations...

Grocery delivery startup Flink said on Friday it had raised $240 million from investors, just six months after the Berlin-based company was...

AMC Entertainment took advantage of a record stock price on Thursday with its second share issue in three days, while admitting it did not know how...

Bristol Myers Squibb Co was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid payments to shareholders of...

Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, it said on Wednesday, nearly 16 years after the South African...

Bank of Nova Scotia beat analysts’ estimates for quarterly profit on Tuesday, driven by strength in its Latin America-focused international...

Top Asian refiner Sinopec Corp said on Tuesday it had started a 5.17 billion yuan ($811 million) refinery upgrade at a subsidiary plant in eastern...

CIMB Group Holdings Bhd on Monday reported a 384% bump in its first-quarter earnings, helped by a one-off gain related to an investment in its...

Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M , said on Monday it was opening in 20 more European...

With many companies working from home during the pandemic, managers and employers have found themselves in a difficult position with running...

London’s FTSE 250 index edged higher on Wednesday, boosted by Marks & Spencer and Softcat Plc following positive earnings updates, while...

Canadian banks are expected to beat analysts’ estimates for quarterly earnings as strength in capital markets and wealth management overrides...

Israel’s energy ministry has instructed Chevron to restart operations at the offshore Tamar natural gas platform, nine days after it was shut...

Nationwide Building Society nearly doubled annual profit after improving interest income and margins as it shaved costs, it said on Friday.

Billionaire-backed space transport startup Astra, which aims to go public before July in a $2.1 billion blank-check deal, has signed its first...

Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, widening to a record S$4.27 billion ($3.20 billion) and said it...

Place your bets! The race to find the next Tesla is on but the search is turning up plenty of clunkers as well as potential superstars.

Spain’s stock market regulator suspended trading of shares in Siemens Gamesa on Tuesday after local newspaper Expansion reported that Siemens...

British retailer Marks & Spencer on Tuesday promoted food boss Stuart Machin and strategy chief Katie Bickerstaffe as part of a major shake-up...

German potash miner K S on Tuesday said it would no longer need to draw on a German state credit line it was granted last year, citing financial...

Credit Suisse Group said it planned to hire over 1,000 IT employees in India this year to show its commitment to the country and its intention to...

Orange’s Spanish business will lay off up to 485 employees in the coming weeks, the company said on Friday, citing years of shrinking income...

California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures...

Ginkgo said on Tuesday it was planning to go public through a merger with a blank-check vehicle backed by former Hollywood executives Harry Sloan...

Russian lender TCS Group Holding said on Tuesday it made a record net profit in the first quarter as it increased the number of customers and...

Spanish Telecom company Telefonica said on Monday it has agreed to sell four data centres to Nabiax, which had already bought 11 of its centres, in...

ReCharge, a provider of subscription management software for e-commerce, said on Thursday it had raised $277 million bringing its valuation to $2.1...

Security services company Securitas reported on Wednesday a slightly smaller rise than expected in first-quarter profit as the slump in demand for...

Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market crash...

Italian energy group Eni said it was planning to sell or list a minority stake in its new retail and renewable energy business as it reported a...

Chinese electric car start-up Nio said Friday it expects a global chip shortage will drag down vehicle deliveries in the second quarter. A fire in...

Three of Australia’s Big Four banks are set to unveil a more than doubling in interim profits, higher dividends and lower provisioning for...

Russia’s Sberbank made a record profit in the first quarter of 2021, more than doubling year on year thanks to lower provisions against bad...

Struggling Canadian tour operator Transat AT said on Thursday it would borrow up to C$700 million ($569.71 million) from the Canadian government...

Corporate travel bookings platform TravelPerk on Thursday said it had raised $160 million from a group of investors led by venture firm Greyhound...

Yandex said on Thursday it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking...

The “Pegasus Europe” special purpose acquisition vehicle (SPAC) launched by Tikehau Capital and others including financier Jean-Pierre...