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Kyivstar boosts profit outlook as confidence rises in Ukraine
Lifts 2026 revenue, EBITDA outlookEnergy risks eased after winter, CEO saysQ1 earnings jump 23.5% year-on-year, revenue up 26.6%By Gianluca Lo Nostro and Leo Marchandon May 13 (Reuters) - Kyivstar KYIV.O on Wednesday raised its full-year outlook after improved energy stability and what its ch...Reuters
7 hours ago
Ant Group quarterly profit down 78.7% on year
SHANGHAI, May 13 (Reuters) - China's Ant Group posted a 78.7% fall in net profit to 1.15 billion yuan ($169.36 million) in the three months to Dec. 31, according to Reuters calculations based on Alibaba Group Holdings' 9988.HK earnings released on Wednesday.The e-commerce giant reports profi...Reuters
7 hours ago
Deals of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: Blackstone has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development after the struggling property developer refused to hand over the re...Reuters
7 hours ago
China's Alibaba Q4 revenue rises 3%, helped by cloud growth
OverviewChina e-commerce and cloud giant's fiscal Q4 revenue rose 3% yr/yrAdjusted EPS for fiscal Q4 fell 95% yr/yrOperating margin dropped to 0% from 12% a year earlierOutlookCompany expresses confidence in business outlook, citing ongoing AI and cloud investmentsAlibaba sees strong momentum in...Reuters
7 hours ago
Nissan CFO: Estimated 15 Billion Yen Operating Profit Impact From Middle East Conflict Is Only For The First Half Of Fiscal Year
May 13 (Reuters) - Nissan Motor Co., Ltd 7201.T:NISSAN CEO: RETAIL CUSTOMERS ARE MORE PROFITABLE THAN FLEET BUYERS, SO EVEN THOUGH WE SPEND MORE ON INCENTIVES IN THE U.S. THAN LAST YEAR, OUR OVERALL BUSINESS THERE IS HEALTHIERNISSAN CEO: 2026 UTILISATION RATE OF 80% IS AVERAGE FOR GLOBAL OPERATIONSN...Reuters
7 hours ago
Alibaba quarterly revenue rises 3%, missing estimates
May 13 (Reuters) - China's Alibaba 9988.HK, BABA.N said on Wednesday that fourth-quarter revenue climbed 3%, helped by robust growth for its cloud computing and AI divisions, while its e-commerce unit also benefited from a new round of government subsidies.Revenue came in at 243.38 billion yuan ...Reuters
7 hours ago
Jupiter increases European government bond exposure as ECB hike pricing "overdone"
LONDON, May 13 (Reuters) - Asset manager Jupiter has been buying European government bonds, particularly shorter-dated German debt, and reducing exposure to U.S. Treasuries because they think the market is pricing in too many rate hikes from the European Central Bank and Bank of England. "As ...Reuters
7 hours ago
Volvo Cars open to US partnerships, CEO says
OSLO, May 13 (Reuters) - Sweden's Volvo Cars VOLCARb.ST is open to cooperation with other companies in the United States as the auto maker seeks to better utilise the existing production capacity at its South Carolina plant, the company's CEO said on Wednesday.Auto makers worldwide are scram...Reuters
7 hours ago
Eli Lilly launches Alzheimer's drug Donanemab in India
By Rishika Sadam May 13 (Reuters) - U.S.-based drugmaker Eli Lilly LLY.N on Wednesday launched its Alzheimer's drug Lormalzi, also known as Donanemab, in India.Here are the details:The drugmaker has priced the 350 mg vial of Lormalzi at 91,688 rupees ($957), the company told ReutersThe drug i...Reuters
7 hours ago
Blackstone drops $4 billion New World deal, Bloomberg News reports
May 13 (Reuters) - Blackstone BX.N has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development 0017.HK after the struggling property developer refused to hand over the reins, Bloomberg News reported on Wednesday, citing people familiar with the matter.Reuters
7 hours ago
FedEx target InPost to speed up investments regardless of takeover bid
InPost to invest more to grow the company, CEO Brzoska saysQ1 core profit beats market forecastVolumes surge across Europe, but Yodel integration costs weigh in BritainInPost is target of potential takeover bid by FedEx- and Advent-led consortiumBy Olivier Cherfan May 13 (Reuters) - InPost INPST....Reuters
7 hours ago
Vietnam EV maker VinFast says it will undergo corporate restructuring
HANOI, May 13 (Reuters) - VinFast VFS.O is planning to sell its Vietnam manufacturing facilities to a buyer group that includes its founder and chief executive Pham Nhat Vuong, with the loss-making electric vehicle maker aiming to restructure its local operations into a more "asset-light" mo...Reuters
7 hours ago
Italy's Panetta to chair central bank group BIS' Board of Directors
By Marc Jones May 12 (Reuters) - Italy's central bank chief Fabio Panetta is to take over as chair of the Bank for International Settlements' Board of Directors, the central bank umbrella group said on Tuesday.Panetta, who will serve a three-year term starting on June 3, is replacing Fran...Reuters
7 hours ago
UK's Gamma Communications says Providence among parties in talks for potential takeover
May 13 (Reuters) - British telecom firm Gamma Communications GAMA.L said on Wednesday that private equity firm Providence Equity Partners is among the parties in discussions with the company for a potential takeover.The company’s stock rose as much as 5% to 939 pence to be among the top gainers on t...Reuters
7 hours ago
Rights groups urge Poland to halt support for US deportation flights to Ukraine
Amnesty and Human Rights First say more than 50 people deported to Ukraine via PolandRights groups say ICE deportation flights took place in November, March and AprilPoland says deportations are 'internal matter' between US and UkraineBy Alexander ChitucMay 13 (Reuters) - Amnesty Internation...Reuters
7 hours ago
Nissan CEO Espinosa: See Impact Of Around 19,000 Vehicles In First Half Of Current Fiscal Year From Middle East Situation
May 13 (Reuters) - Nissan Motor Co., Ltd 7201.T:NISSAN: FREE CASH FLOW IN AUTOMOTIVE BUSINESS FOR FULL FY2025/26 WAS -480.8 BILLION YEN BUT THAT IN SECOND HALF WAS +112 BILLION YENNISSAN CFO LEONDIS: CLEARLY FY2025/26 NET LOSS OF 533 BILLION YEN INCLUDED A LARGE AMOUNT OF EXTRAORDINARY NON-RECURRING...Reuters
8 hours ago
uCloudlink Q1 revenue falls, hurt by fewer outbound travelers from China
OverviewHong Kong mobile data marketplace's Q1 revenue fell 10% yr/yr on lower international connectivity demandAdjusted net loss widened to $2.6 mln, with adjusted EBITDA turning negativeRevenue decline driven by fewer outbound travelers from China amid global tensionsOutlookuCloudlink expects ...Reuters
8 hours ago
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