Breaking up oil major Royal Dutch Shell (RDSa.L) into separate fossil fuels and renewables companies might be financially compelling but would not work in real life, finance chief Jessica Uhl…
Category: Business
China’s AgBank posts 14% third-quarter profit increase
Agricultural Bank of China Ltd (AgBank) (601288.SS), the country's third-biggest lender by assets, reported a 14% increase in third-quarter profit as banks steadily recover from the impact of the COVID-19…
Skanska books flat quarterly profit, says building activity picking up
Sweden's Skanska (SKAb.ST) reported flat operating profit for the third-quarter but said construction market activity was gradually picking up as economies rebound from pandemic-induced slumps. Skanska, the Nordic region's largest…
Before Lebanon’s current financial crisis, central bank faced a $4.7 billion hole in reserves
Lebanon's central bank had a $4.7 billion hole in its reserves by the end of 2015 that was not disclosed to the public, an early warning sign of the financial…
China’s top brokerage CITIC posts 46% third-quarter profit jump
CITIC Securities Co Ltd (600030.SS), reported a 45.8% rise in third-quarter net profit, as China's biggest brokerage posted strong growth in commission fees after rapidly expanding its asset management and…
Some airlines risk failure if they do not cut emissions faster
Some airlines risk failure if they do not cut carbon emissions quicker in the next three to five years due to a mismatch between short-term corporate travel targets and the…
Against the tide? BOJ’s Kuroda says weak yen ‘definitely positive’ for economy
Bank of Japan Governor Haruhiko Kuroda on Thursday welcomed the economic benefits of a weak yen, brushing off fears that rising import costs could derail a recovery and committing to…