TOPCMB:

Blackstone REIT blocks investor withdrawals in January

Feb 1 (Reuters) – Blackstone Inc (BX.N) said on Wednesday it had blocked withdrawals from its $69 billion real estate income trust (BREIT) in January, as the private equity firm faced a surge in redemption requests from investors looking to cash. out. BREIT said it fulfilled redemption requests of about $1.3 billion in January, representing …

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Honda to start producing new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co ( 7267.T ) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co ( GM.N ) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of …

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White House blasts Exxon over historical $56 billion annual profit

WASHINGTON, Jan 31 (Reuters) – The White House on Tuesday expressed outrage at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices and soaring …

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Exxon smashes Western oil majors’ profits with $56 billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own …

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German retail sales post shock fall in December

BERLIN, Jan 31 (Reuters) – German retail sales unexpectedly fell in December, as a Christmas shopping period weighed down by high inflation and the energy crisis revived fears of a more marked slowdown in Europe’s largest economy this winter, data showed on Tuesday. Retail sales decreased by 5.3% in December compared with the previous month, …

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Samsung flags further chip slowdown after booking 8-year-low profit

Chip profit lowest in more than a decade Analysts expect chip business to report Q1 loss Company says demand to recover starting H2 SEOUL, Jan 31 (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Tuesday reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half year, …

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Nissan and Renault agree to overhaul alliance, this time as equals

TOKYO/PARIS, Jan 30 (Reuters) – Nissan Motor Co (7201.T) and Renault SA (RENA.PA) agreed on Monday to a sweeping remake of their two-decade-old automaking alliance that will put them on equal footing and see the Japanese company investing in Renault’s new electric vehicle business. The joint announcement capped nearly four months of intense talks that …

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UK regional airline Flybe stops trading, cancels all flights

Collapses for the second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights canceled and …

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Japan, Netherlands to join US in restricting chip equipment exports to China, Bloomberg reports

TOKYO, Jan 27 (Reuters) – Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV (ASML.AS) from selling machines to China used to make …

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