Eurasia

BP's Mixed Q2 Results: EPS Tops Estimates, Production Challenges, Raised Dividend & More
Toyota's Lexus Aims To Build Own Plant In China For UX Hybrid And BEV Production: Report
Buffett's Berkshire Hathaway Reduces Stake In Tesla Rival BYD Below 5% To Shift Focus To US: Report
Toyota's Lexus Aims To Build Own Plant In China For UX Hybrid And BEV Production: Report
Buffett's Berkshire Hathaway Reduces Stake In Tesla Rival BYD Below 5% To Shift Focus To US: Report
Goldman Sachs Boosts Real Estate Portfolio with Australian Last-Mile Asset: Report
What's Going On With Telecommunication Company Vodafone's Shares On Monday?

Eurasia Recent News

Chinese EV Brand Zeekr Eyes European Manufacturing To Avoid EU Tariffs: Report
Zeekr is reportedly exploring European manufacturing to bypass EU tariffs and expand globally. Currently, all Zeekr vehicles are made in China, facing a 19.9% duty on EU imports.
Segmental Struggles at Wipro: IT Services Revenue Decline Weighs on Stock
Wipro reported Q2 results with total revenue of $2.64B (down 3.8% YoY), meeting EPS estimates and a decline in IT Services revenue.
FDA Approves Tobacco-Flavored Vuse Alto E-Cigarettes: Details
U.S. health officials have approved tobacco-flavored Vuse Alto e-cigarettes by British American Tobacco, allowing them to stay on the market. The FDA's decision follows a previous order to halt menthol versions, still contested in court.
Infosys Reports Strong Q1 Earnings, Records Highest Free Cash Flow Ever
Infosys reported 2.5% YoY revenue growth, beating estimates. EPS in line, TCV deal win of $4.1B. FY25 revenue outlook revised to 3.0%-4.0%.
Honda Motor Prices Secondary Shares At Discount In $3.16B Sale
Honda Motor has set the price for its secondary offering of common stock at ¥1,664.5 each, a 3% discount to Wednesday's closing price. The deal is valued at ¥497 billion ($3.16 billion), with up to 300 million shares expected to be sold.
Roche Highlights Encouraging Data From Newly-Acquired Second Weight Loss Drug Candidate In Early-Stage Study
Roche reported promising topline results from a Phase 1 trial of CT-996, an oral GLP-1 receptor agonist for type 2 diabetes and obesity. Participants experienced a mean weight loss of 6.1% in four weeks. CT-996 shows potential for flexible dosing.
BP Joins Audi's F1 Grid: The Race for Sustainable Motorsport Heats Up
BP forms strategic partnership with Audi for Formula 1, aiming for enhanced electrification and sustainable fuels.
Australia's Ngarluma Country Shines Bright: Solar Project Aims to Slash Rio Tinto's CO2 Footprint
Rio Tinto and Ngarluma Aboriginal Corporation will jointly develop an 80MW solar farm in Western Australia to reduce emissions and create economic opportunities.
Airbus Launches 'LEAD!' Initiative, Reportedly Aims To Strengthen Aircraft Manufacturing Ahead Of Boeing's Recovery
Airbus launches "LEAD!" initiative with cost-cutting and hiring freeze to enhance aircraft manufacturing amid industry challenges and Boeing's recovery outlook.
Ericsson Gains Premarket After Q2 Print, What's Going On?
Ericsson reported Q2 fiscal 2024 results with sales of 59.8 billion Swedish Krona, beating analyst estimates. Adjusted gross margin improved, but EPS missed expectations.
Intel Invests In Israeli AI Construction Startup Buildots - What's On The Cards?
Buildots, an Israeli AI construction software firm, announced a $15 million investment led by Intel Inc's Intel Capital, with participation from OG Tech Partners and previous investors.
BHP To Temporarily Shut Down Western Australia Nickel Operations: Details
BHP Group (NYSE: BHP) will suspend Nickel West operations and West Musgrave project in Western Australia from Oct 2024 due to oversupply in global nickel market. The review to restart will be in Feb 2027.
EV Maker VinFast Eyes $250M Funding For New Assembly Plant In Indonesia: Report
VinFast Auto, a Vietnamese EV maker, reportedly seeks a $250 million bank loan to build a new assembly plant in Subang, Indonesia. The company, backed by Vietnam's richest individual, Pham Nhat Vuong, aims to expand its regional footprint and compete in the global EV market.
Why Toyota Motor Shares Are Gaining Today
Toyota Motor joins IONNA to bolster its BEV charging network across North America, enhancing accessibility for Toyota and Lexus customers.
Manchester United Faces Tough Q3: Sales Plunge 19.6%, Matchday Revenue Crashes 40.7%
Manchester United reported a 19.6% drop in Q3 FY24 sales, surpassing the consensus estimate of $162.92 million. Broadcasting revenue fell 26%, while commercial revenue edged up 0.3%.
What's Going On With NIO Stock Today?
NIO introduced the inaugural model of its sub-brand Onvo (Ledao in China), the L60, on May 15 without revealing the details regarding the battery. However, specifics regarding the model's battery pack have emerged in a regulatory filing.
Why GoPro Shares Are Gaining Today
GoPro's partnership with SB C&S in Japan expands market reach and enhances retail presence, driving GPRO shares higher on Tuesday.
What's Going On With Addiction And Mental Illnesses-Focused Indivior Stock On Tuesday?
Indivior lowers its profit forecast for 2024, discontinues sales of its schizophrenia drug Perseris, and announces job cuts, causing shares to plummet nearly 38%. The company updates its financial guidance and settles litigation for $85 million.
KKR to Trim Stake in Soaring Kokusai Electric, Cashing in on Chip Boom: Report
KKR reportedly plans to reduce its stake in Kokusai Electric, taking advantage of its strong performance. KKR previously attempted to sell Kokusai to a US chip competitor.
Honda Restructures in Thailand: Ayutthaya Factory Reportedly Shifts Focus Amid EV Competition
Honda reportedly plans to stop vehicle production in Thailand by 2025, consolidate at another plant due to competition and demand for EVs.
Stellantis Rides The Hybrid Wave: 30 Models To Electrify Europe By Year-End
Stellantis is rapidly expanding its hybrid vehicle lineup in Europe, aiming to offer 30 models this year and six more by 2026. With advanced eDCT technology, Stellantis hybrids enhance driving efficiency and cut CO2 emissions, contributing to its goal of becoming carbon net zero by 2038.
BP Stumbles: Weak Oil Trading, Refining Margins Drag Down Q2 Outlook
BP disclosed weak oil trading results for Q2, with favorable impacts in Upstream production and operations but adverse impacts in gas and low-carbon energy.
Samsung Workers Walk Out, Demand Pay Raise and Leave: Report
Samsung employees strike for better pay and benefits; company says production unaffected. Union demands for higher pay and more leave.
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