Czech carmaker Skoda Auto, part of the Volkswagen Group , is in the final stages of quitting Russia after taking an almost 700 million euros ($742 million) hit from the impact of Moscow's war in Ukraine, its CEO said on Thursday.
President Vladimir Putin on Thursday called on Russia's billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were Western attempts to destroy its economy.
Global investors have resumed their selling of high-yield corporate bonds after a brief respite in January, as fears over the health of smaller banks add to risk aversion driven by worries over rising interest rates, recession and defaults.
Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after a slump in its shares and bonds intensified fears about a global banking crisis. Analysts said they think that might not be enough.
CK Hutchison Holdings Ltd , the ports-to-telecoms conglomerate owned by billionaire Li Ka-shing, said it expects lower one-off gains to affect its profit this year after posting a 9.5% rise in 2022 net profit, helped by a big one-off gain.
Dollar General Corp on Thursday missed market estimates for quarterly same-store sales as Americans curtailed discretionary spending amid stubbornly high inflation, and winter storm Elliott caused damage to its inventory.
Futures for Canada's main stock index fell on Thursday, as caution prevailed around financial stocks after Credit Suisse secured a lifeline from the Swiss central bank, while higher commodity prices helped cut losses.
The European Commission presented one of the centrepieces of its strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.
Richard Branson's Virgin Orbit said it was exploring strategic opportunities and was in talks for potential funding after a cash crunch forced the satellite launch company to pause operations starting Thursday.
Sponsors are not involved in the creation of newsletters or other Reuters news content.
