BEIJING - Li Auto Inc . (NASDAQ: NASDAQ:LI), a leader in China\'s new energy vehicle market, reported robust financial results for the fourth quarter ended December 31, 2023, with revenue soaring to RMB41.73 billion ($5.88 billion), exceeding the consensus estimate of RMB39.8 billion. The company\'s adjusted earnings per share (EPS) for the quarter stood at...
By Gilles Guillaume PARIS (Reuters) - U.S. automaker General Motors (NYSE:GM) on Monday unveiled its luxury electric Cadillac Lyriq in France, an expansion of its market in Europe after returning last year and a test of whether online-only sales will attract wealthy car buyers. In October GM announced it was launching sales in Switzerland, the...
On Monday, Orion Oyj (ORNBV:FH) (OTC: ORINY) saw a downgrade in its stock rating by a Jefferies analyst, shifting from Hold to Underperform. Accompanying this downgrade, the price target was also lowered to EUR28.00 from the previous EUR35.00. The analyst expressed concerns over the company\'s reliance on the sales of its Nubeqa drug, which is...
Li Auto (NASDAQ:LI) saw its shares jump around 8% in premarket trading Monday after the electric vehicle (EV) maker reported better-than-expected earnings, revenue, and vehicle deliveries for the fiscal Q4 2023. Earnings per share (EPS) were reported at RMB4.23, topping the consensus estimates of 93 cents. The company\'s quarterly revenue reached RMB41.73 billion, also above...
(Reuters) - Andrei Kostin, CEO of Russia\'s No. 2 bank VTB, has rejected a U.S. charge that he illegally circumvented sanctions restrictions, calling accusations in a U.S. court indictment \"groundless\". The United States on Feb. 22 charged Kostin and two U.S.-based associates with sanctions violations as part of a flurry of enforcement actions aimed at...
On Monday, Jefferies initiated coverage on Agilon Health Inc (NYSE:AGL) stock with a Hold rating. The analyst significantly reduced the price target to $6.50 from the previous target of $25.00. \"We share investor skepticism on FY24 guidance but see potential LT upside even if EBITDA falls short of the guide.\" said the analyst. He noted...
By Yoruk Bahceli (Reuters) -World shares stalled just below record highs on Monday as investors awaited inflation data from the United States and euro zone that could further refine interest rate expectations. The data will provide the next test for investors, who have had to rethink their bets on central bank rate cuts in recent...
On Monday, Baird initiated coverage on Amer Sports Inc. (NYSE: AS), assigning an Outperform rating and setting a price target of $20.00. The firm highlighted the company\'s transformation into a focused portfolio of leading authentic performance brands, which are well-positioned to sustain attractive growth. Amer Sports, known for its brands such as Arc\'teryx, Salomon, and...
Source: HKMA The Hong Kong Monetary Authority (HKMA) is set to initiate the second phase of its digital Hong Kong Dollar project next year, focusing on the exploration of innovative applications and reinforcing collaborations across the financial industry. During the Fintech Foresight Seminar held by Hong Kong 01, HKMA Chief Fintech Officer Nelson Chow stated...
Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm. That’s according to the latest blog post by crypto analytics firm Kaiko, which says that Binance’s market share has dropped...