HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more

Berkshire Hathaway posts quarterly loss as stock holdings fall

Berkshire Hathaway posts quarterly loss as stock holdings fall

Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 … Read more

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Oil firm smashes Wall Street forecasts with $19.7 billion profit Exxon’s fossil-fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil output this year on Russia losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant … Read more

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said … Read more

TotalEnergies clocks $9.9 bln profit in Q3, books new Russian impairment

TotalEnergies clocks $9.9 bln profit in Q3, books new Russian impairment

PARIS, Oct 27 (Reuters) – TotalEnergies (TTEF.PA) posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment. TotalEnergies’ third-quarter adjusted net income stood at … Read more

Wall Street banks’ profits slide as economic clouds loom, some beat forecasts

Wall Street banks’ profits slide as economic clouds loom, some beat forecasts

Oct 14 (Reuters) – Profits slid at Wall Street’s biggest banks in the third quarter as they braced for a weaker economy while investment banking was hit hard, but investors saw a silver lining with some banks beating estimates. JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N), Citigroup Inc (C.N) and Wells Fargo & Co’s … Read more

Whitehaven books record profit, expects coal prices to stay elevated

Whitehaven books record profit, expects coal prices to stay elevated

The logo of Australia’s biggest independent coal miner Whitehaven Coal Ltd is displayed on their office building located in the north-western New South Wales town of Gunnedah in Australia, August 15, 2017. Picture taken August 15, 2017. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register Aug 25 (Reuters) – Whitehaven Coal (WHC.AX) … Read more

AMC falls after Cineworld’s bankruptcy warning on day ‘APE’ starts trading

AMC falls after Cineworld’s bankruptcy warning on day ‘APE’ starts trading

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 22 (Reuters) – AMC Entertainment Holdings’ shares (AMC.N) tumbled nearly 30% on Monday after UK-based Cineworld’s (CINE.L) … Read more

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in U.S. stock prices … Read more