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SK Innovation Recent Oil Price Rise Could Support EV Demand, But Long-Term EV Demand To Depend More On Regional Policies, Automakers' Sales Strategies
May 13 (Reuters) - SK Innovation Co Ltd 096770.KS:SK INNOVATION: RECENT OIL PRICE RISE COULD SUPPORT EV DEMAND, BUT LONG-TERM EV DEMAND TO DEPEND MORE ON REGIONAL POLICIES, AUTOMAKERS' SALES STRATEGIESSource text: [ID:]Reuters
10 hours ago
China's Pop Mart warns of 2026 profit margin pressure from higher costs
SHANGHAI, May 13 (Reuters) - Pop Mart 9992.HK, the Beijing-based maker of collectible "blind box" toys, warned on a call with analysts Wednesday that profit margins in the near term will be squeezed by higher production costs for new products driven by rising raw material prices, which have ...Reuters
10 hours ago
Ahead of Trump-Xi summit, China warns on US arms sales to Taiwan
Trump to meet China's Xi in Beijing this weekUS approved $11 bln arms sales package to Taiwan in DecemberTaiwan parliament cuts government's requested defence spendingChina views Taiwan as its own territory BEIJING/TAIPEI, May 13 (Reuters) - China reiterated its strong opposition to U.S. ...Reuters
10 hours ago
Nvidia CEO joins Trump for China trip, spurring hopes for H200 deal
Nvidia CEO Huang joins Trump on China tripReporters saw Huang board Air Force One in AlaskaTrip could yield results for Nvidia on H200 chip salesBy Laurie Chen, Karen Freifeld and Liam MoBEIJING/NEW YORK, May 13 (Reuters) - Nvidia NVDA.O CEO Jensen Huang will join President Donald Trump during his v...Reuters
10 hours ago
Taiwan ruling party nominates lawmaker sanctioned by China for Taipei mayor
TAIPEI, May 13 (Reuters) - Taiwan's ruling Democratic Progressive Party (DPP) nominated lawmaker Puma Shen on Wednesday as its candidate for Taipei mayor, a man who has been sanctioned by China for what Beijing has described as his support for "separatism".Taiwan, which China views as it...Reuters
10 hours ago
Vallourec's profit rises on higher US prices, Mideast business stays resilient
By Mathias de Rozario May 13 (Reuters) - French steel tubes maker Vallourec VLLP.PA on Wednesday reported a 4% rise in its first-quarter core profit that landed within its own guidance range, boosted by rising market prices in the United States.Vallourec's earnings before interest, taxes, dep...Reuters
10 hours ago
SK Innovation warns refining recovery to take time, beats Q1 profit estimates
SEOUL, May 13 (Reuters) - SK Innovation 096770.KS, owner of South Korea's top refiner SK Energy, said on Wednesday the normalisation of production and logistics of its refining business is expected to take time even if the Middle East conflict is resolved. The company posted an operating profit ...Reuters
10 hours ago
ANALYSIS-Tech rivalry, distrust sap summit hopes for Trump-Xi AI push
Anthropic's Mythos model has intensified need for US-China AI talksTrump-Xi summit takes place amid heightened mistrust and US push for chip controlsBoth sides could discuss an AI hotline or guardrails for advanced models, analysts sayBy Laurie Chen BEIJING, May 13 (Reuters) - U.S. President ...Reuters
10 hours ago
US defense firm Anduril raises $5 billion, doubling its valuation to $61 billion
May 13 (Reuters) - Defense technology start-up Anduril Industries said on Wednesday that it has raised $5 billion, doubling its valuation to $61 billion.The California-based start-up's latest funding round was led by venture capital firms Thrive Capital and Andreessen Horowitz. Here are some det...Reuters
10 hours ago
Adecco says flexible jobs continue to outpace permanent roles
Permanent recruitment down, flexible placements up amid uncertaintyAdecco revenue and operating profit beat analyst forecasts in Q1No operational disruption or job market impact from Middle East conflict, CEO saysBy Bernadette Hogg and John RevillMay 13 (Reuters) - Hiring temporary staff remained mo...Reuters
10 hours ago
Israeli strikes hit two cars south of Lebanese capital, state media says
May 13 (Reuters) - Two separate Israeli strikes targeted two cars in Lebanon's Jiyeh area south of Beirut on Wednesday, Lebanon's state news agency NNA reported. There was no immediate information on any casualties and no immediate comment from the Israeli military.Reuters
11 hours ago
Defence Technology Start-Up Anduril Industries Has Raised $5bn In A Deal That Nearly Doubles Its Valuation To $61bn- FT
May 13 (Reuters) - DEFENCE TECH START-UP ANDURIL DOUBLES VALUATION TO OVER $60BN - FTDEFENCE TECHNOLOGY START-UP ANDURIL INDUSTRIES HAS RAISED $5BN IN A DEAL THAT NEARLY DOUBLES ITS VALUATION TO $61BN- FTSource text: https://tinyurl.com/yeyusmmbReuters
11 hours ago
US Treasury's Bessent, Chinese Vice Premier He conclude talks in South Korea
INCHEON, South Korea, May 13 (Reuters) - U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded on Wednesday talks at the Incheon International Airport, a U.S. official told Reuters. The two met in South Korea to lay the groundwork ahead of this week's summit talks be...Reuters
11 hours ago
SK Innovation warns refining recovery to take time, beats Q1 profit estimates
SEOUL, May 13 (Reuters) - SK Innovation 096770.KS, owner of South Korea's top refiner SK Energy, said on Wednesday the normalisation of production and logistics of its refining business is expected to take time even if the Middle East conflict is resolved. The company posted an operating profit ...Reuters
11 hours ago
German government bond yields close to multi-year highs
By Stefano Rebaudo May 13 (Reuters) - German government bond yields hovered around their multi-year highs on Wednesday as markets expected the European Central Bank to raise rates by 75 basis points by year-end to counter inflation driven by the energy shock.Hopes for a lasting peace deal in the ...Reuters
11 hours ago
SoftBank Group - Booked Cumulative Investment Gain On OpenAI Stake Of $45 Billion At End Of March
May 13 (Reuters) - SoftBank Group Corp 9984.T:BOOKED CUMULATIVE INVESTMENT GAIN ON OPENAI STAKE OF $45 BILLION AT END OF MARCHIN APRIL 2026 BORROWINGS TOTALLING $20 BILLION WERE DRAWN DOWN PRIMARILY FOR THE INVESTMENT IN OPENAI, OF WHICH $2.5 BILLION WAS REPAID IN THE SAME MONTHSOLD $16.25 BILLION I...Reuters
11 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 parties in discussions with the company for a potential takeover. Here are some details:Talks remain at a preliminary stage, with no certainty on wh...Reuters
11 hours ago
Public Policy Holding Company Sees 2026 Reported Revenue Between $205 Million & $209 Million
May 13 (Reuters) - Public Policy Holding Company Inc PPHC.L:PUBLIC POLICY HLDG - PPHC ANNOUNCES Q1 2026 FINANCIAL RESULTSPUBLIC POLICY HOLDING COMPANY INC - SEES 2026 REPORTED REVENUE BETWEEN $205 MILLION AND $209 MILLIONPUBLIC POLICY HOLDING COMPANY INC - SEES 2026 ADJUSTED EBITDA BETWEEN $46 MILL...Reuters
11 hours ago
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