News
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German foreign minister does not see role for NATO in Strait of Hormuz
BERLIN, March 16 (Reuters) - Germany does not see a role for the NATO defence alliance in addressing the blockade of the Strait of Hormuz, said Foreign Minister Johann Wadephul in Brussels on Monday."I don't see that NATO has made any decision in this direction or could assume responsibility...Reuters
Mon, Mar 16
China in contact with US on summit, Rubio sanctions may not apply, Beijing says
BEIJING, March 16 (Reuters) - China said on Monday it is in communication with the U.S. about President Donald Trump's visit, after Trump threatened to delay the trip over the Strait of Hormuz, and suggested sanctions previously imposed on Marco Rubio are no longer in effect. Trump said c...Reuters
Mon, Mar 16
Foxconn's profit lags estimates as it forecasts strong revenue growth
Foxconn Q4 profit at T$45.21 billion, versus estimated $63.86 billionSays Middle East conflict poses "a challenge"Tech giant forecasts strong revenue growth for full yearFoxconn's shares have dropped 6% so far this yearBy Wen-Yee Lee, Faith Hung and Ben Blanchard TAIPEI, March 16 (Reu...Reuters
Mon, Mar 16
India examining legal impact of US industrial capacity investigations
NEW DELHI, March 16 (Reuters) - India is examining the legal impact of the United States’ fresh investigations into excess industrial capacity among trading partners, Trade Secretary Rajesh Agrawal said on Monday.He said the India‑U.S. trade deal will be signed once Washington re‑establishes global ...Reuters
Mon, Mar 16
China's VNET prelim Q4 revenue rises on wholesale IDC strength
OverviewChina internet data center provider's preliminary Q4 revenue rose 19.6% yr/yrAdjusted EBITDA for preliminary Q4 increased 11.6% yr/yrCompany posted Q4 net profit, aided by gains on subsidiary deconsolidation and fair value changesOutlookVNET expects 2026 net revenues of RMB11.5 bln to RM...Reuters
Mon, Mar 16
China's NIU Technologies Q4 revenue falls on lower volumes
OverviewChina e-scooter maker's Q4 revenue fell 17.4% yr/yr on lower sales volumeAdjusted net loss for Q4 widened to RMB 82.4 mln from RMB 66.7 mln yr/yrGross margin rose to 15.3% from 12.4%, helped by product mix and cost cuts in ChinaOutlookNIU expects Q1 2026 revenue between RMB 887 mln and R...Reuters
Mon, Mar 16
REFILE-Walmart-backed PhonePe pauses IPO plans amid geopolitical tensions, market volatility
March 16 (Reuters) - Walmart WMT.O-backed Indian fintech firm PhonePe PHOP.NS has temporarily paused its initial public offering plans, citing geopolitical tensions and volatility in global capital markets, the company said on Monday.Reuters
Mon, Mar 16
Israel says it destroyed plane used by Iran's late Supreme Leader Khamenei
DUBAI, March 16 (Reuters) - The Israeli military said on Monday it had destroyed a plane used by Iran's late Supreme Leader Ali Khamenei at Tehran's Mehrabad airport overnight.It said the aircraft had been used by senior Iranian officials and military figures to travel domestically and inter...Reuters
Mon, Mar 16
Iran issues threats to USS Ford strike group, Fars news
DUBAI, March 16 (Reuters) - Logistics and service centres enabling the USS Gerald Ford aircraft carrier to remain operational were considered to be targets by Iran, the spokesperson for the unified command of Iranian armed forces, Khatam al-Anbiya, said on Monday. "Aircraft carrier Gerald Ford i...Reuters
Mon, Mar 16
Israel says it destroyed plane used by Iran's late Supreme Leader Khamenei
DUBAI, March 16 (Reuters) - The Israeli military said on Monday it had destroyed a plane used by Iran's late Supreme Leader Ali Khamenei at Tehran's Mehrabad airport overnight.It said the aircraft had been used by senior Iranian officials and military figures to travel domestically and inter...Reuters
Mon, Mar 16
Satsuma Technology Announces Appointment Of Ranald Mcgregor-Smith As Executive Chairman On Temporary Basis
March 16 (Reuters) - Satsuma Technology PLC SATST.L:SATSUMA TECHNOLOGY: BOTH HENRY ELDER, FORMER CEO AND ANDREW SMITH, FORMER CFO, TO RESIGN AS DIRECTORS OF CO AND TO CEASE THEIR EMPLOYMENTSATSUMA TECHNOLOGY PLC - APPOINTS RANALD MCGREGOR-SMITH AS EXECUTIVE CHAIRMAN AND CLIVE CARVER AS EXECUTIVE DIR...Reuters
Mon, Mar 16
China says it is communicating with all sides about the Strait of Hormuz
BEIJING, March 16 (Reuters) - China is in communication "with all sides" about the situation in the Strait of Hormuz, the foreign ministry said on Monday, reiterating the country's call for a de-escalation of the Middle East conflict. At a regular press briefing, the ministry was asked i...Reuters
Mon, Mar 16
Renew Secures $95 Mln Investment From Leapfrog-Led Consortium To Expand Its Commercial & Industrial Platform- Statement
March 16 (Reuters) - ReNew Pvt Ltd RENE.BO:RENEW SECURES $95 MILLION EQUITY INVESTMENT FROM LEAPFROG-LED CONSORTIUM TO EXPAND ITS COMMERCIAL & INDUSTRIAL PLATFORM- STATEMENTReuters
Mon, Mar 16
Oil loading operations suspended in UAE's port of Fujairah, sources say
DUBAI, March 16 (Reuters) - Oil loading operations have been suspended in the United Arab Emirates port of Fujairah on Monday, two sources told Reuters, after a drone attack sparked a fire in the emirate's petroleum industrial zone.Reuters
Mon, Mar 16
Botswana Minerals Says Co Has Prioritised Capital Allocation Towards Copper And Other Critical Minerals
March 16 (Reuters) - Botswana Minerals PLC BMIN.L:BOTSWANA MINERALS - UNAUDITED INTERIM STATEMENT AND FINANCIAL RESULTSBOTSWANA MINERALS : HAVE PRIORITISED CAPITAL ALLOCATION TOWARDS COPPER AND OTHER CRITICAL MINERALSBOTSWANA MINERALS : DIAMOND INDUSTRY CONTINUES TO NAVIGATE A CYCLICAL DOWNTURN CO...Reuters
Mon, Mar 16
China and US in Communication on Trump Visit, Chinese Foreign Ministry Says
BEIJING, March 16 (Reuters) - China and the U.S. are in communication about President Donald Trump's visit to China, a Chinese foreign ministry spokesperson said on Monday when asked about reports of Trump's threat to delay a planned summit with Chinese President Xi Jinping.
Reuters
Mon, Mar 16
EUROPE RESEARCH ROUNDUP-Bodycote, Royal Unibrew, Teamviewer
March 16 - Securities analysts revised their ratings and price targets on several European companies, including Bodycote, Royal Unibrew and Teamviewer, on Monday. HIGHLIGHTS Aedifica AOO.BR: Morgan Stanley raises target price to EUR 76 from EUR 74 Bodycote Plc BOY.L: JP Morgan rai...Reuters
Mon, Mar 16
