FRANKFURT, Nov 12 Reuters Bayer on Tuesday lowered its fullyear operating earnings guidance and took billions in writedowns on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand. The German group said it now expects to generate earnings before interest, taxes, depreciation and amortisation EBITDA, adjusted […]

Nov 11 Reuters Tesla shares jumped more than 6 premarket on Monday, extending a rally fueled by investor bets that the automaker would benefit from CEO Elon Musk39;s backing of U.S. Presidentelect Donald Trump. At 341.45, Tesla is expected to add nearly 65 billion to its value if premarket gains hold. The stock has jumped nearly […]

MILAN, Nov 11 Reuters Italy39;s largest bank Intesa Sanpaolo said it would partner with BlackRock, the world39;s biggest asset manager and a leading Intesa shareholder, to offer digital wealth management services to clients in Belgium and Luxembourg. By teaming up with BlackRock, Intesa Sanpaolo39;s private banking unit Fideuram will broaden its digital offering of investments to […]

Continental cuts sales forecast for second time this year Cites weak industrial demand in Europe, N.America Shares rise 5.6 on Q3 profit beat Profit beat likely boosted confidence in automotive spinoff plansanalyst Nov 11 Reuters German automotive and industrial supplier Continental cut its annual sales guidance for the second time this year on Monday, citing weak […]

Nov 11 Reuters Spanish infrastructure investment fund Asterion Industrial Partners and Telefonica agreed to sell Spanish data centre operator Nabiax to European asset manager Aermont Capital, the companies said on Monday in a joint statement. Nabiax owns two centres in Madrid and one in Barcelona with a combined installed power of 35 Megawatts. Asterion owns 80 […]

Nov 11 Reuters India39;s Oil and Natural Gas Corp ONGC reported a surprise rise in secondquarter profit on Monday, helped by a decline in tax expenses due to the scrapping of the levy on petroleum crude. The stateowned firm39;s standalone profit jumped 17 to 119.84 billion rupees 1.42 billion in the quarter ended Sept. 30. Analysts […]

SEOUL, Nov 11 Reuters The vice chairman of South Korea39;s Financial Services Commission said on Monday he saw a much higher possibility of the domestic stock market winning a developed market status from global index provider Morgan Stanley Capital International MSCI next year. There have been many improvements regarding stock market accessibility, which are expected […]

TOKYO, Nov 11 Reuters Japanese technology investor SoftBank Group is expected to report a 287 billion yen 1.87 billion quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currencydenominated gains. Analysts are also looking out for signs of new investment momentum driven by SoftBank39;s robust balance sheet and […]

BARCELONA, Nov 11 Reuters Spain39;s Cellnex, Europe39;s largest mobile phone tower operator, on Monday reported a 6.1 hike in adjusted core earnings in the first nine months of the year as revenues grew 7 to 2.9 billion euros 3.11 billion thanks to the deployment of more towers. Cellnex booked a narrower net loss of 140 […]

MADRID, Nov 11 Reuters Spain39;s Melia Hotels reported a 40 rise in thirdquarter net profit on Monday, attributing the bigger than expected increase to a strong summer season as it reaped the benefits of its investments in luxury rooms in holiday resorts. The country39;s largest hotel chain said net profit for the three months totalled 74.9 […]