BEIJING (Reuters) – Chinese electric vehicle (EV) battery giant CATL forecast net profit growth of up to 48.1% in 2023 on Tuesday, representing sharply weaker growth than the previous year as it[...]
Read moreJanuary 31, 2024
Japan Dec factory output rises on production machinery
TOKYO (Reuters) -Japan’s industrial output rose in December, government data showed on Wednesday, lifted by machinery production although a safety scandal at Toyota’s small-car unit threat[...]
Read moreStarbucks cuts sales view due to Middle East conflict, warns of weak Q2
By Deborah Mary Sophia (Reuters) -Starbucks cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recover[...]
Read moreGoogle parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
By Jeffrey Dastin and Akash Sriram (Reuters) -Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items suc[...]
Read moreBayer faces Australian test with judge to decide whether weedkiller caused cancer
By Peter Hobson CANBERRA (Reuters) – An Australian court on Tuesday heard closing arguments in a class action lawsuit alleging that a weedkiller produced by Bayer caused cancer, the first such c[...]
Read moreBrazil’s Embraer reports 2023 aircraft deliveries slightly below guidance
By Peter Frontini SAO PAULO (Reuters) -Brazilian planemaker Embraer reported on Tuesday deliveries of 75 jets in the fourth quarter, making both its executive and commercial jets slightly miss the ful[...]
Read moreAMD boosts AI chip forecast by $1.5 billion – not enough for Wall Street
By Max A. Cherney and Arsheeya Bajwa (Reuters) – Chipmaker AMD on Tuesday boosted its 2024 forecast for its artificial intelligence (AI) processors by $1.5 billion. Investors wanted more. AMD[...]
Read moreAI companies lose $190 billion in market cap after Alphabet and Microsoft report
By Noel Randewich (Reuters) – AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that f[...]
Read moreUK businesses start 2024 with confidence at two-year high – Lloyds
LONDON (Reuters) – British businesses started 2024 with their confidence at the highest level in nearly two years but their plans for more staffing are not translating into accelerating wage gro[...]
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