Saudi Arabia has transferred 8% of state oil giant Aramco’s total shares to a portfolio owned by the country’s sovereign wealth fund PIF, state news agency SPA reported on Thursday.
Net revenues at Italian luxury group Prada rose 17% at constant exchange rates last year, broadly in line with analysts’ expectations, driven by growth in Asia and the outstanding performance of its Miu Miu brand.
U.S. layoff announcements rose 3% last month to the highest level in 11 months as automation-related restructuring continues to take a toll, a report released on Thursday said.
New York Community Bancorp disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5, sending its shares down 3.3% before the bell.
Match Group-owned dating app Tinder on Thursday agreed to better inform users about discounted prices for its premium services following scrutiny from national consumer watchdogs in the European Union over its pricing practices.
Lloyd’s of London’s (SOLYD.UL) underwriting profit jumped 127% in 2023 to 5.9 billion pounds ($7.52 billion), it said on Thursday, as commercial insurers have cut back on riskier business and raised premiums.
Global banking regulators proposed measures on Thursday to crack down on “unacceptable” attempts by the world’s biggest banks to game rules in a bid to avoid heavier capital requirements.
Spanish pharmaceutical company Rovi said on Thursday it had hired financial advisory and asset management firm Lazard to explore the sale of its third-party manufacturing business that it uses to make COVID vaccines.
General Electric Co’s aerospace business on Thursday forecast its operating profit to rise to about $10 billion in 2028 and said it was targeting an initial dividend payout at 30% of net income.
