April 10 Reuters Pioneer Natural Resources Co39;s shares rose as much as 8.5 on Monday following a report that Exxon Mobil Corp held preliminary talks with the U.S. shale oil producer about a possible acquisition. Shares of Pioneer were up 6.5 at 221.74, while Exxon Mobil inched up 0.2 to 115.25. The Wall Street Journal had reported the news […]

SHANGHAI, April 10 Reuters China39;s BYD launched on Monday a new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products. The system, BYD DiSus Intelligent Body Control System, is similar to the chassis suspension systems available in premium and luxury cars, such as Porsche39;s Dynamic Chassis Control […]

April 6 Reuters Shares of Airbnb Inc fell as much as 6 on Thursday after an online independent publication released a report that probed unpleasant experiences that customers had during stays booked through the shortterm rental platform. According to The Bear Cave report, horror incidents of guests staying at individually managed Airbnbs abound on the internet, including […]

Highly unusual for Samsung to signal chip production cut Samsung shares up 4.5, rival SK Hynix up 5.6 Q1 chip loss likely biggest since at least 2009analysts SEOUL, April 7 Reuters Samsung Electronics Co Ltd said on Friday it would make a meaningful cut to chip production, following the lead of smaller rivals, as it grapples […]

MOSCOW, April 6 Reuters Russian online retailer Ozon on Thursday said its 2022 revenue jumped 55 to 277.1 billion roubles 3.4 billion but costs related to a major fire a fulfilment centre pushed it to a larger annual loss. Ozon39;s gross merchandise value GMV the total value of goods and services sold by the platform jumped […]

April 4 Reuters KKR Co Inc said on Tuesday it had closed its sixth and largest European private equity fund at 8 billion, a significant boost for the investment firm at a time of market volatility and sinking interest in major acquisitions. The fund will target investments into developed economies in Western Europe, capitalising on structural […]

LONDON, April 3 Reuters The British government has extended a trading plan to help cut the taxpayer39;s stake in NatWest by another two years, as it chips away at its remaining 41.5 holding with small sales after a recent bout of global banking volatility. A series of sales returned the bank which was bailed out at […]

April 2 Reuters Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarteronquarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4 from the previous quarter. This was 36 higher than a year ago. […]

DUBAI, March 31 Reuters The United Arab Emirates39; central bank on Friday said it will cancel the licence it granted last year to Russia39;s MTS bank, which was placed under British and U.S. sanctions in February. Operations at the bank39;s UAE branch, which is licensed in the emirate of Abu Dhabi, will be wound down […]

Q1 likeforlike sales up 0.1 Total sales up 3.4 Targeting 700 mln stg of cost savings LONDON, March 30 Reuters British supermarket group Morrisons returned to underlying sales growth in its latest quarter, saying it was benefiting from a push to improve its price competitiveness. Morrisons, owned since 2021 by U.S. private equity firm Clayton, […]