Samsung says chip demand for phones, PCs to weaken further Server clients may adjust inventory if recession occurs Samsung Toyota misses AprilJune output target GM China operations lost 100 mln in Q2 due to curbs July 28 Reuters Asian tech firms from chipmaker Samsung to display panel maker LG Display warned of a sharp slowdown […]

Shell announced 6 bln buyback programme Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 Reuters Shell on Thursday reported a second quarter profit of 11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also […]

LONDON, July 28 Reuters Britain39;s largest energy supplier Centrica on Thursday reported a huge increase in firsthalf profit, boosted by asset sales and soaring energy prices, enabling it to restore its dividend. The British Gas owner paused dividends in 2020 and began major cost cutting, selling upstream assets and seeking to reinvent itself as an energy […]

BENGALURU, July 28 Reuters Shares of India39;s SpiceJet fell as much as 9.3 on Thursday, a day after the country39;s aviation regulator ordered the budget carrier to slash its approved fleet to 50 this summer for eight weeks, citing multiple safety snags. The Director General of Civil Aviation DGCA also said on Wednesday that the domestic […]

JERUSALEM, July 27 Reuters Teva Pharmaceutical Industries on Wednesday forecast midsingle digit revenue growth over the next five years as it strives to move on from its high debt and an overhang from thousands of lawsuits over its alleged role in the U.S. opioid crisis. Israelbased Teva, the world39;s largest generic drugmaker, for the past five […]

FRANKFURT, July 27 Reuters BASF on Wednesday lifted its guidance for fullyear revenue as it continues to pass on higher raw material and energy prices to customers, but it flagged production outage risks in Europe if Russian gas supplies drop further. The major chemicals maker also said the effects of the war in Ukraine and any […]

ZURICH, July 27 Reuters Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as it struggles to recover from a series of scandals. Pressure had been mounting on current chief executive Thomas Gottstein for months […]

Q2 profit double analyst forecast, year ago figure Applied to ECB for 1 bln euro buyback previously on hold Lending momentum easing in Q3, uncertainty weighs on fees MILAN, July 27 Reuters UniCredit raised its 2022 outlook on Wednesday after a surprisingly strong second quarter in which it cut exposure to Russia and moved ahead […]

Sees much higher 2022 revenues vs slightly higher before Sees slightly higher 2022 earnings, vs flat before Q2 adjusted EBIT 7.4 ahead of consensus BERLIN, July 27 Reuters MercedesBenz is boosting its supply chain by dealing directly with chipmakers and forming contingency plans to cut gas usage by up to 50 in Germany, it said on […]

Q2 EBIT rises 34.4 yy to 146 million euros Exceeds 2 bln euros in quarterly sales for first time Raises fullyear 2022 revenue outlook BERLIN, July 27 Reuters German sportswear maker Puma reported stronger than expected secondquarter earnings on Wednesday on very strong growth across its product range and raised its revenue outlook for the fullyear […]