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27 Apr

Mercedes sees rise in earnings in Q1, confirms 2022 guidance

Mercedes-Benz saw a rise in earnings before interest and taxes (EBIT) to 5.2 billion euros ($5.54 billion) in the first quarter even as deliveries fell 10%, with high prices making up for supply chain troubles.

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27 Apr

Mixed earnings from U.S. tech giants may do little to assuage worried investors

A mixed bag of earnings from some of Wall Street’s biggest companies may muddy the outlook for investors hoping to "buy the dip" amid a vicious stock market selloff.

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27 Apr

Oil rises on Russia gas tension, China stimulus hopes

(Reuters) -Oil prices extended gains in early Asian trade on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Poland, while hopes of Chinese economic stimulus buoyed the demand outlook.

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27 Apr

Russian gas supplies resume to Poland - operator data

Gas supplies under the Yamal contract to Poland edged up after dropping to zero earlier, data from the European Union network of gas transmission operators showed on Wednesday.

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27 Apr

S.Korea battery maker LGES sees brighter Q2 outlook, lifts capex

SEOUL (Reuters) -LG Energy Solution Ltd (LGES) booked a 24% quarterly profit drop on Wednesday, far milder than market estimates, as strong sales of batteries to Tesla Inc offset troubles at automotive clients where chip shortages have hit production.

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27 Apr

Toyota reports record high global production for March, despite slump at home

Toyota Motor Corp on Wednesday posted record high global production in March, as overseas production made up for a drop off at home, highlighting the impact of factory stoppages and weaker consumer demand in Japan.

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27 Apr

Temasek-backed oil rig builders unveil transformative deal

SINGAPORE (Reuters) -Singapore's Sembcorp Marine (Sembmarine) has agreed to combine with local conglomerate Keppel Corp's larger offshore and marine (O&M) unit, a year after the Temasek-backed firms started deal talks to cope with an industry downturn.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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