BEIJING, Reuters China39;s Semiconductor Manufacturing International Corp said on Friday it will steer clear of a price war in the industry, and forecast current quarter sequential revenue growth of up to 15. CoCEO Zhao Haijun, who had warned about the price war in May, said We have indeed encountered a situation where some of our peers with […]

Aug 8 Reuters Novavax on Thursday trimmed its annual revenue forecast again and said it would pare back its presence in Europe through the rest of the year, ahead of handing over the rights to sell its COVID19 vaccine to partner Sanofi in 2025. The company39;s vaccine had failed to make a significant dent in the market […]

Aug 8 Reuters Increased manufacturing capacity for Eli Lilly39;s highly sought after weightloss drug Zepbound drove the company to raise its annual sales forecast by 3 billion on Thursday, and its share jumped as much as 14. Lilly also raised its 2024 profit forecast and said sales of Zepbound crossed 1 billion for the first time […]

WUHAN, Aug 8 Reuters Liu Yi is among China39;s 7 million ridehailing drivers. A 36yearold Wuhan resident, he started driving parttime this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours order driverless taxis. Everyone […]

BERLIN, Aug 8 Reuters German defence group Rheinmetall will at the very least hit its fullyear sales and earnings targets after a strong first half as demand for weapons in Europe remains unabated after Russia39;s invasion of Ukraine in 2022. We have never seen such growth, said Chief Executive Armin Papperger, reportedly the target of a […]

MOSCOW, Aug 8 Reuters Russia39;s dominant lender Sberbank on Thursday reported secondquarter profit of 418.7 billion roubles 4.88 billion, up 10.1 from the same period last year, boosted by a growing loan portfolio. The statecontrolled bank made a record 1.5 trillion rouble profit in 2023, a more than fivefold increase on the previous year, as Russia39;s […]