Eurasia

Sify Technologies Ltd (NASDAQ:SIFY) shares are trading lower after the company reported fourth-quarter sales results. The company reported revenue growth of 8.8% year over year to INR9.64 billion ($116.05 million), missing the consensus of $149.30 million.  Revenue from...

Quanex Building Products Corporation (NYSE:NX) has reached an agreement to acquire the entire issued and to be issued share capital of Tyman plc for about $1.1 billion enterprise value, Tyman offers solutions in the window and door hardware, commercial access solutions, and...

BP p.l.c. (NYSE:BP) disclosed the simplification of its organizational structure, supporting the delivery of the priorities it set out in February 2024. BP will integrate the current regions, corporates & solutions organization into the businesses and functions and will now be...

Oracle Corporation (NYSE:ORCL) disclosed that it plans to invest over $8 billion in the next 10 years to cater to Japan’s growing demand for cloud computing and AI infrastructure.  The investment will boost Oracle Cloud Infrastructure’s (OCI) footprint across Japan....

Shell plc (NYSE:SHEL) urged shareholders in an AGM notice today to vote against an independent resolution, co-filed by a group of 27 investors, that demanded the company to set tighter climate targets. The resolution, led by activist shareholders called Follow This, will be voted on...

Turkish Airlines is reportedly poised to ink a deal with Rolls-Royce Holdings Plc (OTC:RYCEY) (OTC: RYCEF and Airbus SE (OTC: EADSY) for local aircraft component production, estimated at $20 billion, as part of a plane acquisition plan announced last year. A potential deal...

Ryanair Holdings plc (NASDAQ:RYAAY) shares are trading higher premarket today. The company expects Boeing Co (NYSE:BA) to deliver 40 new jets by mid-July, Chief Executive Michael O’Leary said, aligning with a previously adjusted schedule, reported Reuters. O’Leary...

French luxury fashion house LVMH-Moet Hennessy Louis Vuitton (OTC:LVMHF) (OTC:LVMUY) reported a 2% decline in first-quarter FY24 revenue to €20.7 billion. Organic revenue growth was 3%. The Wines & Spirits business group saw a revenue decline of 16% (down 12%...

XPeng Inc. (NYSE:XPEV) shares are trading higher in the premarket session on Wednesday. The company inked a framework agreement with Volkswagen AG (OTC:VWAGY) (OTC:VLKAF) on technical collaboration with respect to Electrical/Electronic architecture for Volkswagen’s EV...

Toyota Motor Corporation (NYSE:TM) shares are falling in the premarket session on Wednesday. The company said it is conducting a safety recall involving certain 2023-2024MY Prius, Prius HEV (Prius Prime) vehicles in Japan, North America, Europe, and Asia, according to a company...

Morgan Stanley (NYSE:MS) reportedly plans to initiate workforce reductions in the Asia-Pacific region and intends to cut approximately 50 jobs, primarily in Hong Kong and China. These reductions represent about 13% of the region’s bankers, excluding Japan. Over 40 individuals in Hong...

Carmaker Stellantis N.V. (NYSE:STLA) faces a challenging year with increasing pricing pressures, its chief executive Carlos Tavares reportedly warned shareholders. The announcement comes as the company grapples with elevated raw material costs and labor disputes, operating in a fiercely...

Adidas AG (OTC:ADDYY) reported preliminary results for the first quarter of 2024, with an 8% increase in currency-neutral revenues. In euro terms, revenues grew 4% to €5.458 billion in the quarter. The company's gross margin improved 6.4% points to 51.2% during the quarter compared...

HSBC Holdings, Plc. (NYSE:HSBC) shares are sliding on Tuesday. Amid a decline in dealmaking across the region, the company has reportedly initiated a fresh wave of job cuts at its Asia investment bank, Bloomberg reported. On Tuesday, the London-headquartered lender reduced its workforce by...

BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) has reportedly intensified its move into luxury SUVs and off-roaders, unveiling two new models to compete against Jaguar Land Rover Automotive Plc. China’s largest automaker debuted the Super 3 and Bao 8 SUVs at its Shenzhen headquarters in...