(Reuters) -Singapore Telecommunications (SingTel) said on Friday its third-quarter underlying net profit came in at the same level as last year, as weak local operations offset growth in its information technology and Australian telecom units. SingTel, Southeast Asia\'s largest telecom company, said its underlying net profit for the quarter ended Dec. 31 was S$559 million...
By Brenda Goh and Praveen Menon SINGAPORE/SYDNEY (Reuters) -Airbus faces delays in introducing an ultra-long-range version of its A350-1000 jet designed for Qantas Airways\' non-stop Sydney-London flights because a regulator has asked it to redesign an extra fuel tank, a senior executive said. \"The regulator has asked us to redesign the centre tank on the...
-- Shares of aerospace firm Intuitive Machines Inc (NASDAQ:LUNR) rose sharply in after-hours trading on Thursday after the firm’s “Odysseus” lunar lander successfully touched down on the moon. Shares of the firm jumped 50% to $12.41 by 19:27 ET (00:27 GMT). They had lost about 11% during the session on Thursday. Shares had also rallied...
-- U.S. stock index futures fell slightly in evening deals on Thursday after Wall Street notched record highs on the back of technology gains spurred chiefly by positive earnings and guidance from AI darling NVIDIA Corporation (NASDAQ:NVDA). Cheer over Nvidia saw investors largely trade past warnings from the Federal Reserve that interest rates will stay...
By Sarah Morland and Marion Giraldo MEXICO CITY (Reuters) -Mexican distiller Becle, the world\'s largest tequila producer, on Thursday posted a 41% rise in its net profit for the last three months of 2023 compared to a year earlier, above market forecasts even as sales slipped in key markets. The Mexico City-based firm, which sells...
AUBURN HILLS, Mich. - BorgWarner Inc. (NYSE: NYSE:BWA), a leading automotive industry supplier, has advised its shareholders to reject an unsolicited mini-tender offer by TRC Capital Investment Corporation. The offer proposes the acquisition of up to 4 million BorgWarner common shares at $28.80 each, a 4.51% discount on the stock\'s closing price on February 20,...
On Friday, Citi analysts identified a buying opportunity in Ganfeng Lithium, a company that has been significantly impacted by the recent plunge in lithium prices. Lithium, a key component in the production of electric vehicle batteries, has seen its value drop by over 80% from its peak in 2022. This decline has affected Ganfeng Lithium\'s...
-- Australian energy giant Woodside Energy Ltd (ASX:WDS) said on Friday that it will sell a stake in its Scarborough project to JERA for $1.4 billion, and also announced more collaborations with the Japanese utility gaint. Woodside will sell a 15.1% non-operating participating interest in Scarborough to JERA, with the deal expected to close in...
(Reuters) - Fuselage maker Spirit AeroSystems (NYSE:SPR) said on Thursday it was unable to reasonably estimate the financial impact of an incident last month that led to a temporary grounding of Boeing (NYSE:BA) 737 MAX 9 planes and a production cap on the planemaker. Spirit, in a regulatory filing, flagged the impact as part of...
SAO PAULO (Reuters) -Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income. Vale, one of the world\'s largest iron ore producers, reported a $2.42 billion net profit for the quarter ended...