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10 May

Swedish Match shares jump to record high on Philip Morris takeover move

STOCKHOLM (Reuters) -Shares in Swedish Match soared on Tuesday after U.S. rival Philip Morris International Inc said it was in talks to buy the Stockholm-based tobacco products company, betting on a growing market for alternatives to cigarettes.

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10 May

China state planner expands draft list of sectors for foreign investment

China's state planner on Tuesday solicited public opinion on 2022's draft list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors such as electronic components.

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10 May

Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

Sony Group Corp on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit.

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10 May

European stocks make tentative gains amid global growth worries

(Reuters) -European stocks rose from two-month lows on Tuesday, as bargain hunters returned to buy beaten-down shares following a bruising selloff on worries about a sharp slowdown in the global economic growth.

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10 May

BlackRock to back fewer shareholder resolutions in this AGM season

BlackRock said on Tuesday it expected to support fewer shareholder resolutions on issues such as climate change in the current season of annual general meetings, as many proposals were too prescriptive.

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10 May

BOJ rules out widening yield band to stem yen fall

The Bank of Japan has no plan to allow long-term interest rates to move more widely around its 0% target to stem sharp falls in the yen, a central bank executive said on Tuesday, saying such a move would be tantamount to a rate hike.

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10 May

Indian payments firm BharatPe to overhaul governance framework, sack several employees

Indian payments startup BharatPe said on Tuesday its board had recommended several measures, following a corporate governance review, including termination of several employees and vendors and filing criminal cases against them for misconduct.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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