INA Industrija Nafte d.d., the Croatian refiner controlled by Hungary’s Mol Nyrt., reported its first annual net loss in four years as continued recession stymied the company’s efforts to make up for lost income from Syria.
Nomura Holdings Inc., Japan’s largest securities firm, is on pace to achieve the biggest annual profit in eight years after a surge in the country’s stock market helped third-quarter earnings more than double.
Japan’s biggest banks, poised to achieve record annual earnings after last year’s stock-market surge, may still disappoint investors as the equity rally fades, leaving them reliant on a lending recovery for profit.
Mol Nyrt. fell to a two-year low after Hungary’s largest refiner warned it may sell its INA Industrija Nafte d.d. unit as talks with the Croatian government over management rights in the company stalled.