News
Important Only
QUOTES-Reactions to Canada's election results
April 29 (Reuters) - Canada's ruling Liberals held on to power in elections on Monday, but fell short of the majority government Prime Minister Mark Carney wanted to help him negotiate over tariffs with U.S. President Donald Trump.Here are some reactions to the results: PRIME MINISTER MARK C...Reuters
Tue, Apr 29
Novartis is seeking to have key products for U.S. manufactured there, CEO says
April 29 (Reuters) - The CEO of Novartis NOVN.S said on Tuesday that the Swiss drugmaker is investing in the United States to no longer rely on dedicated production capacity in Europe and other regions that would serve the U.S., its biggest market."We now want to ensure that 100% of the demand o...Reuters
Tue, Apr 29
Biofuel maker Neste expects limited impact from US tariffs
April 29 (Reuters) - Neste NESTE.HE expects U.S. tariffs will only have a limited impact on its business, the Finnish biofuel maker and oil refiner said on Tuesday as it posted a first quarter core profit roughly in line with expectations.Reuters
Tue, Apr 29
BP Continues To Expect Reported Upstream Production To Be Lower In 2025
April 29 (Reuters) - BP PLC BP.L:BP PLC - 1Q25 SEABP: EXPECT 2025 CAPITAL EXPENDITURE OF AROUND $14.5 BILLIONBP: FOR Q1, WE HAVE ANNOUNCED A DIVIDEND PER ORDINARY SHARE OF 8 CENTS AND A SHARE BUYBACK OF $750 MILLION.BP - 2025 CONTINUES TO EXPECT REPORTED UPSTREAM PRODUCTION TO BE LOWER AND UNDERLYI...Reuters
Tue, Apr 29
NEWSMAKER-Mark Carney, crisis-fighting central banker, to lead Canada through US trade war
Liberal prime minister stressed crisis management skillsHe was first person to head two G7 central banksCarney's global experience contrasted with Conservative leader PoilievreBy David Ljunggren OTTAWA, April 29 (Reuters) - Prime Minister Mark Carney, whose Liberal Party won Canada's ...Reuters
Tue, Apr 29
BBVA's first quarter net profit up 22.7% from same period in 2024
MADRID, April 29 (Reuters) - Spain's BBVA BBVA.MC on Tuesday said its first quarter net profit rose 22.7% from the same period in 2024 thanks to a solid performance in Spain, where it aims to expand through an around 12 billion euro takeover bid for smaller rival Sabadell SABE.MC.The lender book...Reuters
Tue, Apr 29
Carlsberg posts Q1 sales slightly below forecast, maintains FY outlook
COPENHAGEN/LONDON, April 29 (Reuters) - Danish brewer Carlsberg CARLb.CO on Tuesday reported first-quarter sales slightly below expectations and kept its outlook for the full year unchanged.Carlsberg said in a trading statement that sales between January and March rose 17% from last year to 20.12 bi...Reuters
Tue, Apr 29
Canada's Liberals win minority government; Carney says old relationship with US 'is over'
Liberals fall short of 172 seats needed to form majority governmentTrump's tariffs, annexation musings boosted Carney's supportCarney emphasized economic experience against Trump threatsTrump repeats call for Canada to be 51st stateConservative campaign focused on cost of living, crimeBy Dav...Reuters
Tue, Apr 29
Porsche's Q1 profit margin plunges on China weakness, US tariffs
FRANKFURT, April 29 (Reuters) - Luxury sportscar maker Porsche AG P911_p.DE on Tuesday said its operating margin fell to 8.6% in the first quarter, below analyst estimates, hit by weaker demand in China as well as U.S. import tariffs."The macroeconomic situation will remain challenging. We can&#...Reuters
Tue, Apr 29
Airthings Signs To Divest Business Segment Assets
April 29 (Reuters) - Airthings ASA AIRX.OL:AIRTHINGS ASA: AIRTHINGS AGREES LETTER OF INTENT TO DIVEST BUSINESS SEGMENT ASSETS, ANNOUNCES STRATEGIC REVIEWGROWING UNCERTAINTY OF CONSUMER SPENDING IN US, REINFORCED BY US TARIFFS, MAKING IT PRUDENT TO GET ADDITIONAL CAPITALTO EXPLORE A POTENTIAL SALE OF...Reuters
Tue, Apr 29
FBI starts using polygraph tests in internal leak investigations
By Ryan Patrick Jones and Kanishka Singh April 28 (Reuters) - The U.S. Federal Bureau of Investigation (FBI) said on Monday it has started using polygraph tests to aid investigations aimed at identifying the source of leaks emanating from within the law enforcement agency."We can confirm the ...Reuters
Tue, Apr 29
PRESS DIGEST-Financial Times - April 29
April 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Pirelli strips China's Sinochem of control in attempt to avert exclusion by Trump in US- KKR and Capital Group seek to lure inves...Reuters
Tue, Apr 29
Volvo Cars to cut costs by $1.9 bln as earnings drop
STOCKHOLM, April 29 (Reuters) - Sweden-based Volvo Cars VOLCARb.ST launched cost cuts of 18 billion Swedish crowns ($1.87 billion) on Tuesday as its operating profit fell heavily amid difficult market conditions for the automotive industry.Operating profit at the company, which is majority-owned by ...Reuters
Tue, Apr 29
JPMorgan hires Alex To as Asia Pacific vice chair, memo says
SYDNEY, April 29 (Reuters) - JPMorgan JPM.N has hired Alex To as the bank's vice chair of Asia Pacific, according to a memo seen by Reuters on Tuesday.To will be based in Hong Kong and joins the bank from being the chief executive of CDH Investments, the memo said.He will report to JPMorgan'...Reuters
Tue, Apr 29
U.S. accounting firms tap India to alleviate talent crunch
By Sai Ishwarbharath B BENGALURU, April 29 (Reuters) - U.S. accounting firms including RSM US, Moss Adams, Bain Capital-backed Sikich and Apax Partners-backed CohnReznick are expanding their operations in India to tackle an acute shortage of accountants at home.The surge in recruitment has starte...Reuters
Tue, Apr 29
Electrolux Adjusts 2025 North America Outlook To 'Neutral To Negative'
April 29 (Reuters) - Electrolux AB ELUXb.ST:Q1 EPS SEK 0.16Q1 REVENUE SEK 32,576 MILLION VERSUS. IBES ESTIMATE SEK 32,103 MILLIONQ1 NET INCOME SEK 42 MILLIONQ1 EBIT SEK 452 MILLIONQ1 ORGANIC GROWTH 7.9%GOING INTO Q2 OF 2025, DEMAND OUTLOOK FOR HOME APPLIANCES IS INCREASINGLY UNCERTAINWE HAVE ADJUSTE...Reuters
Tue, Apr 29
