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...The group said on Tuesday it planned to expand to 117 locations and more than 32,00 rooms across 56 cities....
...Outgoing chief executive Nicolas Aguzin will be replaced by Bonnie Chan, HKEX’s co-chief operating officer, on March 1....
...Although profits reached a record €18.6bn, the company’s margin fell from 13.4 to 12.8 per cent, it said earlier this month....
...Net mortgage approvals for house purchases rose from 56,100 in January to 60,400 in February. The figure was higher than the 56,500 forecast by economists polled by Reuters....
...Services output grew 0.1 per cent in February, while production — including manufacturing, utilities and mining — increased 1.1 per cent. Construction output fell 1.9 per cent....
...The figure exceeded the 56,500 forecast by economists in a Reuters poll and was the highest since September 2022....
...Excluding one-time expenses, BofA’s earnings exceeded expectations, falling 13 per cent to $7.2bn in the three months....
...Earnings at the production arm improved 10 per cent to £286mn — promising but insufficient to make up for the 56 per cent slump in media and entertainment....
...The Nasdaq Composite lost 1.8 per cent as every Magnificent Seven tech stock fell....
...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
...The country’s benchmark Kospi climbed 1.6 per cent, with Histeel — a steel pipe manufacturing company — leading gains....
...The blue-chip Stoxx Europe 50 index on Wednesday rose 1.56 per cent to its highest level since early 2001....
...Overall for 2023, Tavares’s fixed salary of €2mn remained unchanged and he was awarded bonuses of €11.5mn, linked to targets such as free cash flow — €1.4mn less than a year earlier....
...Chief executive Luigi Lovaglio had previously guided annual profits would be around €1.1bn....
...Nickel, a key ingredient in electric vehicle batteries and steelmaking, advanced 1.5 per cent....
...Drugs companies issued 1,643 warnings of impending shortages in 2023, compared to 648 in 2020, the research found....
...The company also reported a sharp fall in net income of $215.6mn for 2023, down from $1.03bn....
...The Berlin has a reputation as one of the most solid black defences, but Vidit produced a subtle novelty at move six before unleashing his bomb at move 13....
...But prices surged in some countries, including Poland, Bulgaria, Croatia, Lithuania and Portugal, where they rose between 13 and almost 8 per cent....
...A CRH insider has snapped up $2.5mn (£1.9mn) in shares after the dual-listed FTSE 100 building materials supplier posted a jump in earnings and pre-tax profit in its full-year results....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...Sales of these funds grew by 56 per cent and 58 per cent month-on-month respectively....
...That rise extended a rally that began last October and has lifted the stock price by nearly 33 per cent, reaching €43.13 on Wednesday....
...Chip exports surged 56.2 per cent, the biggest rise in six years....
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