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Shell makes record $40 bln profit in tumultuous 2022

Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which…

3 years ago

Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps

Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant…

3 years ago

Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment

Taiwan's economy minister said on Wednesday that the island remains chipmaker TSMC's most important production base after the company announced…

3 years ago

Analysis: As British lender HSBC considers Canada unit sale, antitrust issues loom

As British lender HSBC Plc explores a potential sale of its Canadian unit, lawyers and analysts say the country's concentrated…

3 years ago

Funds begin parking sanction-hit Russian assets in ‘side pockets’

Some of the world's biggest money managers are talking to investors and regulators about stripping Russian assets from their funds,…

3 years ago

EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources

Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after a string of losses has eroded…

3 years ago

Telecom Italia board to discuss network spinoff in slow-burn KKR drama

The board of Telecom Italia (TIM) (TLIT.MI) will discuss the group's overhaul on Monday as newly appointed chief executive Pietro Labriola strives…

4 years ago

Toshiba now plans to split into two, bumps up shareholder return targets

Toshiba Corp (6502.T) said it now aims to break up into two companies instead of three, while also unveiling a big boost…

4 years ago

EXCLUSIVE Major Toshiba shareholder objects to break-up, urges board to solicit offers

Toshiba Corp's (6502.T) second-largest shareholder on Wednesday objected to the Japanese conglomerate's plan to split itself into three companies and called on…

4 years ago

EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox -sources

Private equity firm Apollo Global Management Inc (APO.N) has approached Tronox Holdings Plc (TROX.N), one of the world's largest pigment manufacturers, with a…

4 years ago