News & Analytic Centre

Nov 12 Reuters Indian auto parts maker Samvardhana Motherson International reported a smallerthanexpected increase in secondquarter profit on Tuesday, hurt by slower demand. The company, which supplies Maruti Suzuki, Mercedes Benz, Audi and other automakers, said consolidated net profit rose over fourfold to 8.8 billion rupees 104.27 million for the three months ended Sept. 30. However, […]

FRANKFURT, Nov 12 Reuters Current efforts by BP to scale back its renewables activities have no impact on an offshore wind joint venture the oil major has with EnBW, the German utility39;s finance chief told analysts on Tuesday. Both companies formed a 5050 partnership in 2021 to jointly develop offshore wind projects in Britain, where they […]

Nov 12 Reuters Netflix said on Tuesday its adsupported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options. The plan, priced at 6.99 per month in the U.S., now accounts for more than half of all new Netflix signups in regions where it […]

Demand for Lunchables in school lunch program fell short of expectations Consumer Reports raised concerns about high sodium levels in Lunchables Kraft Heinz CEO cites negative publicity and supplier issues affecting sales NEW YORK, Nov 12 Reuters Kraft Heinz is no longer making its packaged lunch brand Lunchables for lowincome students receiving free and reducedpriced meals […]

Nov 12 Reuters Drugmaker AstraZeneca lifted its annual sales and profit forecast for the second time in less than four months on Tuesday, helped by resilient demand for its cancer and rare diseases medicines, after thirdquarter results beat estimates. The Londonlisted company now expects 2024 revenue and core earnings per share to grow by high teens […]

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 […]

BERLIN, Nov 12 Reuters German chipmaker Infineon said on Tuesday that it expected subdued performance in 2025, citing weak demand in its end markets. With the exception of artificial intelligence, our end markets are currently offering hardly any growth impetus and the cyclical recovery is delayed, said CEO Jochen Hanebeck. We are therefore preparing for a […]