Oil rises as falling US inventories refocus market on demand
(Reuters) -Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling U.S. crude oil and…
Swedish crown softens after market sees Riksbank dovishness, euro rebounds
(Reuters) – The Swedish crown softened on Wednesday after the country’s central bank was less hawkish than expected, while the…
Safran posts strong sales but sees supply chain risks
(Reuters) -French aero engine maker Safran (EPA:SAF) unveiled stronger than expected quarterly revenues on Wednesday, buoyed by a swift recovery in air…
Jefferies downgrades Tesla to Hold after price cuts
Jefferies analysts downgraded Tesla (NASDAQ:TSLA) shares to Hold from Buy after the electric vehicle (EV) maker implemented several rounds of price cuts…
Japan’s Honda Motor in strategic collaboration deal with TSMC
(Reuters) -Japan’s Honda Motor Co said on Wednesday it had struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co…
One in five cars sold this year will be electric – IEA
(Reuters) – Electric cars are expected to make up nearly one-fifth of the global market this year, according to the…
LG Display talks up H2 recovery hopes after 4th straight quarterly loss
(Reuters) -South Korean display panel maker LG Display (NYSE:LPL) on Wednesday pinned hopes for a second-half turnaround on the tech…
Danone raises 2023 sales outlook after price hikes boost Q1
(Reuters) -Danone raised its 2023 sales growth outlook after it reported higher-than-expected first-quarter revenue on Wednesday, as the world’s largest…
Roche Q1 sales decline tempered by swift uptake of new eye drug
(Reuters) -Switzerland’s Roche said first-quarter sales dropped 7% on falling demand for its COVID-19 therapies and diagnostics kits, less steep…
GSK beats first-quarter profit, revenue estimates
(Reuters) -GSK on Wednesday beat expectations for its first-quarter revenue and profit, helped by sales of its blockbuster shingles vaccine…