Shell upgrades assets value by up to 4.5 bln Refining margins nearly triple quarter on quarter Production dips due to maintenance LONDON, July 7 Reuters Shell said on Thursday said it would reverse up to 4.5 billion in writedowns on oil and gas assets after it raised its energy prices outlook following Russia39;s invasion of Ukraine. […]

HOUSTON, July 5 Reuters Wall Street analysts sharply increased their Exxon Mobil Corp secondquarter profit estimates on Tuesday, after the largest U.S. oil producer projected it could almost double its firstquarter earnings. Exxon39;s preview, released on Friday, signaled strong results ahead by oil companies and refiners and brought renewed criticism from the White House and fresh […]

MILAN, June 30 Reuters Shares in Italy39;s Industrie De Nora made a disappointing start on Thursday, falling 2.8 after the group became the first major company to list on the stock market in Milan since Russia39;s invasion of Ukraine. Electrode maker De Nora had priced its IPO at 13.50 euros per share, at the bottom of […]

LONDON, July 1 Reuters Amazon.com will show European Champion39;s League soccer in Britain alongside BT, which agreed a 305 million pounds 368 million deal to show the majority of matches for three seasons until 2027. Amazon.com will broadcast top pick matches every Tuesday from 2024, its managing director of sport said on Twitter. BT, which […]

TOKYO, July 1 Reuters Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, Californiabased manufacturer39;s entry level iPhone 13 now costs 117,800 yen 870, Apple39;s website showed, compared to 99,800 yen previously. With the dollar up […]

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, June 30 Reuters Russian gas giant Gazprom has decided not to pay dividends on last year39;s results, the first time it will not pay out since 1998, sending its shares plunging 27. The shareholders decided that in the […]

June 30 Reuters Walgreens Boots Alliance Inc reported a quarterly adjusted profit ahead of analysts39; estimates on Thursday, as demand for its products in UKbased Boots offset a decrease in U.S. pharmacy sales on waning demand for COVID19 vaccinations. Shares of the secondbiggest U.S. drugstore retailer by store count were down 2 in premarket trading after […]

ZURICH, June 28 Reuters Novartis said on Tuesday a previously announced restructuring programme could lead to 8,000 jobs being cut, or about 7.4 of its global workforce, including up to 1,400 in Switzerland. The job cuts, previously projected by Chief Executive Vas Narasimhan to be in the single digit thousands, are part of a restructuring programme […]

BERLINSEOUL, June 29 Reuters German authorities have raided Hyundai and Kia over allegations that they put over 210,000 diesel vehicles with suspected illegal defeat devices onto the road, the Frankfurt state prosecutor39;s office said on Tuesday. The announcement sent shares of the two South Korean automakers down more than 6 on Wednesday, as investors fear it may […]

TOKYO, June 29 Reuters Toyota Motor Corp39;s global production for the first five months of 2022 fell 9.7 short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current fiscal production target. The world39;s largest automaker by sales said it produced 634,940 vehicles globally in May, […]