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...
-- China’s domestic share markets rose on Monday as trade resumed after the Lunar New Year holiday, amid signals that consumer spending had picked up and in some cases surpassed pre-COVID levels during the week-long break. The blue-chip Shanghai Shenzhen CSI 300 index rose 0.5% to a 1-½ month high, while the Shanghai Composite index...
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Pro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Loop Capital starts Nvidia coverage with a Street-high target price Loop Capital started research coverage of NVIDIA Corporation (NASDAQ:NVDA) stock with a Buy rating and a...
BERLIN (Reuters) -Ground staff at German airline Lufthansa (LHAG.DE) will go on strike on Tuesday, the Verdi union said on Sunday, announcing the latest industrial action to hit Germany\'s transport sector as workers demand more pay. The strike is scheduled to start at 4 a.m. (0300 GMT) on Tuesday and finish at 7.10 a.m. (0610...