Global Focus Financial News

Indian shares opened on a positive note Wednesday as weak U.S. business activity data revived rate cut hopes and electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. The benchmark S&P BSE Sensex was up 167 points, or 0.2 percent, at 73,906 in early trade while the broader NSE Nifty index edged up...

European stocks are likely to open on a positive note Wednesday after electric-vehicle giant Tesla struck an upbeat tone despite reporting a big drop in quarterly profits. The company said it would accelerate the production of more affordable models, beginning in the second half of next year \"if not late this year.\" Several technology heavyweights...

Shares of Roche Holding AG were losing around 3 percent in Switzerland after the drug major reported weak sales in its first quarter and confirmed fiscal 2024 outlook. Excluding COVID-19-related products, quarterly sales increasedy 7 percent. For fiscal 2024, Roche continues to expect an increase in group sales in the mid single digit range at...

While reporting financial results for the first quarter on Wednesday, medical devices company Boston Scientific Corp. (BSX) raised its adjusted earnings and net sales growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in a range of $1.43 to $1.48 per share and adjusted earnings in a range of $2.29...

While reporting its financial results for the first quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) raised its adjusted earnings and sales guidance for the full-year 2024. For fiscal 2024, the company now projects adjusted earnings in a range of $7.00 to $7.40 per share on sales between $10.25 billion and $10.55 billion. Previously,...

Biotechnology company Biogen Inc. (BIIB) reported Wednesday net income attributable to the company for the first quarter of $393.4 million or $2.70 per share, higher than $387.9 million or $2.67 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $3.67 per share, compared to $3.40 per share in the year-ago...

While reporting financial results for the first quarter on Wednesday, Wabash National Corp. (WNC) maintained its earnings outlook for the full-year 2024, as first-quarter shipment delays to flow into subsequent quarters. For fiscal 2024, the company continues to project earnings in the range of $2.00 to $2.50 per share on revenues between about $2.2 billion...

Indonesia\'s central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the seven-day reverse repo rate to 6.25 percent from 6.00 percent. The current rate is the highest since 2016, when the bank made the...

Indian shares opened a tad higher on Tuesday, mirroring firm cues from global markets as the risk of a significant escalation of hostilities between Israel and Iran eased. The benchmark S&P BSE Sensex climbed 195 points, or 0.3 percent, to 73,842 in early trade, rising for a third straight session. The broader NSE Nifty index...