Business news

Optus, Australia's No. 2 telecom carrier, is in talks to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the...

Generali Investments, the global investment arm of Italy's top insurer Generali, said on Friday it had signed an agreement to buy a 77% stake...

Citadel Securities, one of the world's largest market makers, on Friday filed an application for a securities licence in China, about a year...

India's SBI Life Insurance Company posted a higher third-quarter profit on Friday, led by growth in renewed and new insurance...

Russia's largest lender Sberbank on Friday reported record annual profits of 1.56 trillion roubles ($15.22 billion)for 2024, helped by...

Shares of Axis Bank fell to a 14-month low on Friday, a day after the lender missed profit estimates on slower loan growth, higher bad loan...

Shares of Reliance Industries rose nearly 5% on Friday and were set for their best week in six months, as the company beat quarterly profit...

Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a...

Asian hedge funds delivered their strongest returns in 15 years last year, capitalising on market volatility, winners in China's wobbly economy...

Reliance Industries beat expectations for third-quarter profit on Thursday, as its retail business benefited from strong festive demand, while...

A subsidiary of China's Zijin Mining plans to buy a 24.8% stake in Zangge Mining for 13.7 billion yuan ($1.87 billion) and gain...

Richemont, the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales...

Antofagasta on Thursday reported a modest 1% rise in its 2024 copper production to 664,000 metric tons, below its guidance, as higher...

Taiwan Semiconductor Manufacturing Co logged record quarterly profit on Thursday and said it expects hefty first-quarter revenue growth as...

BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record...

BNY beat profit estimates for the fourth quarter on Wednesday as it earned higher investment services fees from its clients, sending its...

Pfizer will sell shares worth 2.50 billion pounds ($3.05 billion) in Haleon, lowering its stake in the British consumer healthcare company to...

Real estate group GuocoLand has secured two green loans amounting to a total of S$1.24 billion ($907.8 million) from Singaporean lenders...

Melbourne prides itself on serving up the world's best coffee, but finding a hot brew at the Australian Open has proved a challenge for some of...

Country Garden, once China's top property developer by sales, posted on Tuesday a net loss of 12.84 billion yuan ($1.75 billion) for the first...

Hormel Foods said on Tuesday its CEO, James Snee, is set to retire at the end of 2025, after leading the company for nearly nine...

British online supermarket Ocado Retail's relationship with shareholder Marks & Spencer is strong, its boss said on...

Credit Agricole should decide by May whether it wants UniCredit to extend a contract it has with the French bank's fund manager...

Italy's biggest bank Intesa Sanpaolo on Monday completed its first proprietary bitcoin trade investing 1 million euros ($1.03 million)...

Vietnam and Russia signed on Tuesday an agreement on nuclear energy and several cooperation deals during a visit to Hanoi by Russian Prime Minister...

BP warned on Tuesday that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall...

Robert Walters said on Tuesday it no longer expects a profit for the year, after the British recruiter reported a 14% drop in fourth-quarter...

Country Garden, once China's top developer and now facing a liquidation lawsuit, is expected to report steep losses when it publishes...

Apple's new fees for app developers have come under fresh scrutiny from the European Union's antitrust regulators on concerns it could...

AirBaltic's initial public offering (IPO) could be pushed back to early 2026, the Latvian airline's chief executive said on Monday, adding...

Italian residents' deposits with domestic banks rose for the sixth month in a row in November and at a faster pace, while bank lending to...

British recruiter PageGroup issued its second profit warning in six months on Monday, citing deteriorating conditions especially in France and...

Polish medical diagnostics firm Diagnostyka is planning an initial public offer (IPO) on the Warsaw Stock Exchange, the company said on...

Budget airline Norwegian Air cut its operating profit outlook for 2024 on Monday, citing a negative impact from the weakening of the Norwegian...

Online trading platform Plus500 on Monday forecast its full-year revenue ahead of market consensus, helped by significant addition to its...

For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. This year may mark a...

Taiwan Semiconductor Manufacturing Co, the main global producer of advanced chips used in artificial intelligence applications, is expected to...

Constellation Brands cut its annual sales and profit forecasts after weak consumer spending on its Modelo Oro and Corona Light beers pulled...

Delta Air Lines forecast 2025 profit above Wall Street expectations on Friday, thanks to robust demand for premium travel and the...

Canadian oil refiner Imperial Oil  said on Friday senior executive Sherri Evers will join major shareholder Exxon Mobil, effective March...

BYD will launch its new Atto 2 compact SUV in Europe in February, the Chinese EV giant said on Friday, adding to competition in Europe's...

Mercedes-Benz's core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in...