Business - Page 133

Germany is gearing up to assess investor interest in a stake of up to 30% in Uniper as the government aims to recover a portion of the billions expended in rescuing the

Japan’s Renesas Electronics (6723.T) announced on Thursday its intention to acquire electronics design firm Altium (ALU.AX) for $5.9 billion in cash, positioning itself to offer digital device design solutions. This move reflects

Shares in Renault (RENA.PA) surged to their highest point in two months on Thursday following the announcement of the French carmaker’s financial results for full-year 2023. Despite a net profit slightly below

JetBlue Airways’ shares (JBLU.O) soared on Tuesday following activist investor Carl Icahn’s revelation of acquiring a stake close to 10% in the budget carrier. In late morning trading, JetBlue’s shares surged by

Democratic President Joe Biden and a bipartisan group of lawmakers, including the top U.S. Senate Republican, on Tuesday urged the Republican-controlled House of Representatives to consider a £95.34 billion military aid package

Canadian e-commerce services provider Shopify (SHOP.TO) surpassed analysts’ projections for fourth-quarter revenue and profit on Tuesday, buoyed by robust demand from merchants during the crucial holiday shopping season. However, despite this success,

U.S. regulators have urged Citigroup (C.N) to promptly revise its methods for assessing default risk among trading partners, a matter that has drawn concern from the bank’s own auditors, potentially impeding CEO

Saudi Arabia’s volte-face on its oil capacity expansion plans was attributed to the energy transition, disclosed the country’s energy minister on Monday, affirming that the kingdom possesses abundant spare capacity to support

Growing Canadian oil production means that shipper volumes on the Enbridge Inc (ENB.TO) Mainline pipeline system may still face rationing, even with the operation of the Trans Mountain Expansion (TMX) project, according