By Valentina Za
MILAN, Feb 9 (Reuters) - Italy's second-largest bank UniCredit said it aimed to lift its profit to 11 billion euros ($13 billion) this year, after topping analysts' forecasts for 2025 with earnings boosted by stakes in rivals bought under CEO Andrea Orcel's expansion strategy.
UniCredit, which had previously guided for a net profit of 10 billion euros in 2027, said on Monday it had an ambition to get to 13 billion euros... (continue reading...)
BEIJING, Feb 8 (Reuters) - In China, humanoid robots are serving as Lunar New Year entertainment, with their manufacturers pitching their song-and-dance skills to the general public as well as potential customers, investors and government officials.
On Sunday, Shanghai-based robotics start-up Agibot live-streamed an almost hour-long variety show featuring its robots dancing, performing acrobatics and magic, lip-syncing ballads and performing in comedy... (continue reading...)
TOKYO, Feb 9 (Reuters) - Japan's massive foreign currency reserves, a priority war-chest for future yen interventions, have come under renewed scrutiny as Prime Minister Sanae Takaichi scours for funding to bankroll a controversial plan to suspend a consumption tax after her landslide election win.
The focus on the $1.4 trillion stockpile, far larger than the annual state budget, underscores intense pressure on Tokyo to identify alternative funding... (continue reading...)
TOKYO, Feb 9 (Reuters) - Japan's massive foreign currency reserves, a priority war-chest for future yen interventions, have come under renewed scrutiny as Prime Minister Sanae Takaichi scours for funding to bankroll a controversial plan to suspend a consumption tax after her landslide election win.
The focus on the $1.4 trillion stockpile, far larger than the annual state budget, underscores intense pressure on Tokyo to identify alternative funding... (continue reading...)
TOKYO, Feb 9 (Reuters) - Japan's massive foreign currency reserves, a priority war-chest for future yen interventions, have come under renewed scrutiny as Prime Minister Sanae Takaichi scours for funding to bankroll a controversial plan to suspend a consumption tax after her landslide election win.
The focus on the $1.4 trillion stockpile, far larger than the annual state budget, underscores intense pressure on Tokyo to identify alternative funding... (continue reading...)
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Japan's $1.4 trillion FX reserves under scrutiny as Takaichi hunts for revenue sources
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