Signify says CEO Rondolat to step down amid falling profits
By Hugo Lhomedet and Leo Marchandon (Reuters) -Signify, the world’s biggest maker of lights, on Friday reported a nearly 10% drop in its 2024 core profit and said CEO Eric Rondolat would step down after the annual general meeting in April. The
Analysis-Dividend surge signals culture shift in China’s markets
By Jiaxing Li and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) – New shades of capitalism are emerging in China’s tuckered out stock market as companies, at Beijing’s behest, buy back their shares and pay record dividends to investors lying in wait for
BOJ Governor Ueda’s comments at news conference
(Reuters) -The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. At its
Column-US investment bias might ebb if European gloom lifts: Mike Dolan
By Mike Dolan LONDON (Reuters) – The extreme global investor bias for all things American may not need to end with some major U.S. shock, but could eventually reverse with just a modest lifting of the pervasive gloom surrounding Europe. Many experts
Pakistan central bank likely to deliver sixth straight rate cut to revive economy- Reuters poll
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank is expected to lower its key interest rate by at least 1 percentage point on Monday, analysts said, in its sixth straight cut as it attempts to revive economic and business sentiment