TAIPEI (Reuters) - Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, made his first high profile appearance in months on Tuesday at the firm\'s 50th birthday, following the ending of his bid for Taiwan\'s presidency late last year. Gou, who stepped down as Foxconn chief in 2019 and resigned as a board...
(Reuters) -Chesapeake Energy beat Wall Street estimates for fourth-quarter profit on Tuesday as the U.S. natural gas producer tackled weak commodity prices with lower operating expenses. Chesapeake shares fell about 2% in aftermarket trading as the company forecast a 20% drop in spending on baseline production this year. Its fourth-quarter shareholder returns also fell sharply...
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) - Mizuho Financial Group aims to stay in the top 10 of the global investment bank league table, its investment banking chief told Reuters, after it became the first Japanese bank to enter the table\'s upper echelons in more than a decade. Mizuho ranked 10th in LSEG\'s...
VIENNA - General Dynamics (NYSE:GD) European Land Systems - Steyr (GDELS), a subsidiary of the global aerospace and defense company General Dynamics, has secured a contract to supply the Austrian Armed Forces with an additional 225 PANDUR 6x6 EVO wheeled armored vehicles. The deal, valued at 1.2 billion euros ($1.3 billion), builds upon an existing...
VANCOUVER – Wheaton Precious Metals (NYSE:WPM) Corp. has released its production and sales results for 2023 and provided a forecast for significant growth over the next five years. The company, which is the world\'s leading precious metals streaming company, reported that its gold equivalent production in 2023 came within 2% of the mid-point of its...
RIYADH - Alat, a Public Investment Fund (PIF) company, and Carrier Global Corporation (NYSE: NYSE:CARR), have announced a partnership to establish a state-of-the-art manufacturing and R&D center in Saudi Arabia. This facility is set to produce advanced heating, ventilation, and air conditioning (HVAC) solutions to meet the demands of the Kingdom\'s Giga projects like NEOM,...
By Nell Mackenzie LONDON (Reuters) -World shares struggled to climb on Monday after the chances of early interest rate cuts globally receded and Chinese markets recorded modest gains on their return from the lunar new year break. A holiday for U.S. markets made for thin trading, and results from AI star Nvidia (NASDAQ:NVDA) on Wednesday...
By Sarah Young LONDON (Reuters) - Currys shares soared on Monday after Chinese online retailer JD (NASDAQ:JD).com joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group, which has already rejected Elliott\'s opening bid of $880 million. Currys stock jumped as much as 38% to 65 pence after JD.com confirmed...
On Monday, UBS raised its rating on shares of China International Marine Containers (SHE:000039), shifting from Neutral to Buy. The firm also increased the price target to RMB11.00, up from the previous RMB7.20. The upgrade comes with a positive outlook on the company\'s financial performance, anticipating a net profit increase of 2% for 2024 and...
By Alexander Hübner and Emma-Victoria Farr MUNICH (Reuters) - Munich is starting to steal some of German financial hub Frankfurt\'s limelight as foreign banks flock to the southern city, which on a clear day has views of the Bavarian Alps. The appeal lies in Munich\'s high proportion of DAX companies and tech start-ups, large insurers...