Today: September 25, 2024
Today: September 25, 2024

Latest From America Hernandez

Business|Economy

TotalEnergies Q2 earnings drop on 'normalising' refining margins 

By America Hernandez PARIS -French oil major TotalEnergies reported a worse than expected 6% fall in second-quarter earnings on Thursday, hurt by lower refined product and gas sales and as European

Business|Economy|Health

AstraZeneca raises profit outlook on strong medicines demand

Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quarter

AstraZeneca raises profit outlook on strong medicines demand
Economy|Finance

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says

The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency "competitive," BofA

India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
Asia|Business|Economy

Indonesia launches 'Golden Visa' to lure foreign investors, boost economy

Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year

Indonesia launches 'Golden Visa' to lure foreign investors, boost economy
Asia|Business|Economy

Nissan profit wiped out by US discounts; shares hammered

Japan's Nissan Motor slashed its annual outlook on Thursday after deep discounting in the United States almost completely wiped out the automaker's first-quarter

Nissan profit wiped out by US discounts; shares hammered
Business|Economy|Technology

Siltronic upgrades full-year guidance despite weak demand

German semiconductor materials supplier Siltronic upgraded full-year guidance on Thursday despite reporting first-half sales down 14% owing to weak demand for its products.

Asia|News|Political

Cambodian politician fined $1.5 million for defamation after democracy criticism

(Corrects to advise there is no picture available with this story.)

Business|Economy|Health

Swiss pharma firm Lonza's profit falls less than feared, shares rise

Swiss contract drug manufacturer Lonza reported a smaller-than-expected decline in first-half profit on Thursday, as a strong performance in its core

Swiss pharma firm Lonza's profit falls less than feared, shares rise
Business|Economy|Finance|Health

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products

Sanofi on Thursday raised its full-year profit outlook after strong demand for blockbuster asthma drug Dupixent and better-than-expected sales of new launches helped its

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products
Europe|News

Netherlands, Denmark ready to send 14 Leopard 2 tanks to Ukraine

The Netherlands and Denmark are ready to deliver 14 refurbished Leopard 2 tanks to Ukraine, the Dutch defence ministry said on Thursday.

Netherlands, Denmark ready to send 14 Leopard 2 tanks to Ukraine
Business|Economy|Finance

Julius Baer shares slide on profit miss, tepid cash inflows

Swiss private bank Julius Baer's shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only a tepid increase in cash inflows from

Julius Baer shares slide on profit miss, tepid cash inflows
Sports

MLB roundup: 20-run barrage lifts Rockies past Red Sox

Brenton Doyle hit his first career grand slam while Ezequiel Tovar, Jacob Stallings and Ryan McMahon also homered as the Colorado Rockies matched their single-game franchise run record in a 20-7 rout

MLB roundup: 20-run barrage lifts Rockies past Red Sox
Business|Finance|Health

Roche lifts 2024 profit guidance on strong drug sales

Roche on Thursday raised its full-year earnings forecast after exceeding expectations for the first half, driven by strong demand for newer drugs such as eye

Roche lifts 2024 profit guidance on strong drug sales
Business|Economy|Technology

STMicro cuts full-year outlook for second time, shares tumble

Chipmaker STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on weak industrial orders and lower demand for automotive chips,

STMicro cuts full-year outlook for second time, shares tumble
Business|Economy|Technology

Besi shares tumble as weak mainstream chip markets hit Q3 forecast

Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) forecast flat third-quarter sales on Thursday, below expectations, hit by weak growth in mainstream assembly markets,

Environment|Europe|News

German politicians demand better airport security after activist blockades

German politicians demanded better protection for the country's airports on Thursday after climate activists were able to breach fences and disrupt air traffic for

German politicians demand better airport security after activist blockades
Election|News|Political

Obama plans to endorse VP Harris for president soon, NBC News reports

Former U.S. President Barack Obama plans to endorse Vice President Kamala Harris as the Democratic 2024 presidential candidate soon, NBC News reported on Thursday.

Obama plans to endorse VP Harris for president soon, NBC News reports
Economy|Europe|Finance|Stock Markets

Stock rout spreads beyond tech

A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts

Stock rout spreads beyond tech
Asia|Economy|Finance

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

Market analysts react to surprise rate cut in China
Business|Economy

Thailand car production drops sharply in June, local sales fall

Car production in Thailand fell 20.11% in June from a year earlier due to tighter financing rules and high consumer debt, and full-year production is now expected to be lower than

Thailand car production drops sharply in June, local sales fall
Business|Economy

Thailand investment pledges rise 35% to $12.7 billion in H1, government says

Thailand saw investment pledges rise 35% in the first half of this year to 458 billion baht ($12.68 billion), the Board of Investment said Thursday.

Thailand investment pledges rise 35% to $12.7 billion in H1, government says
Asia|Economy|Finance

China central bank surprises by lending again at lower rates

China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are

China central bank surprises by lending again at lower rates
Environment|News

Canadian wildfire reaches Jasper, firefighters battle to protect oil pipeline

A wildfire reached the Canadian town of Jasper, Alberta on Wednesday, one of hundreds ravaging the western provinces of Alberta and British Columbia, as firefighters battled to save key

Canadian wildfire reaches Jasper, firefighters battle to protect oil pipeline
Business|Economy|Finance

Banc of California shares drop on concerns over bigger provisions

Banc of California's shares fell 8% on Tuesday after the lender disclosed it had increased its provisions for potential loan defaults in the second quarter, partly due to reserves tied to

Asia|Political

Hong Kong court dismisses tycoon Jimmy Lai's bid to end trial

A Hong Kong court dismissed on Thursday a bid by the legal team for jailed democrat Jimmy Lai to end his national security trial, saying prosecutors appeared to

Hong Kong court dismisses tycoon Jimmy Lai's bid to end trial

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