Featured Reuters
Canada's Teck Resources misses first-quarter profit estimates
(Reuters) - Canadian miner Teck Resources missed first-quarter profit estimates on Thursday, partly due to lower steelmaking coal sales volumes. The company reported an adjusted profit of C$0.75 per share, for the quarter ended March 31, ...
Deutsche Bank posts better-than-expected 10% rise in Q1 net profit
FRANKFURT (Reuters) - Deutsche Bank posted on Thursday a better-than-expected 10% rise in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at the investment bank. Net profit attributable to ...
Hyundai Motor's Q1 profit drops 2.4%, beats forecasts
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea's Hyundai Motor Co reported on Thursday a drop of 2.4% in first-quarter profit, beating analysts forecasts, helped by solid sales of high-margin cars, while a cheaper domestic currency ...
Nestle misses quarterly sales estimates
LONDON (Reuters) - Nestle on Thursday missed first-quarter organic sales growth estimates as the world's biggest packaged food company hiked prices and sold fewer products. The maker of Maggi noodles and KitKat chocolate wafer bars confirmed its ...
Thai banks to cut rates by 25 bps for 'vulnerable groups', bankers' association says
BANGKOK (Reuters) - Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, the country's Bankers' Association said on Thursday. The decision came after Prime Minister Srettha Thavisin said this ...
Equinor Q1 profit beats forecast
OSLO (Reuters) - Equinor on Thursday posted higher-than-expected profits for the first quarter and said this was driven by high production in its native Norway and strong operational performance. The Norwegian oil and gas producer's adjusted ...
LG Display returns to quarterly loss on drop in off-season demand
SEOUL (Reuters) - South Korean flat-screen maker LG Display returned to an operating loss in the first quarter, hit by weakening demand for large display panels for TVs and small panels for smartphones. The Apple supplier posted an operating ...
Toyota to delay EV production launch in US to 2026, Mid Japan Economist reports
TOKYO (Reuters) - Toyota Motor will delay the start of its electric vehicle (EV) production in the U.S. to the spring of 2026 from the proposed 2025 timing, the Mid Japan Economist newspaper said on Thursday. The automaker will also reduce its ...
Toyota hits record annual output, sales on robust demand
TOKYO (Reuters) -Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, supported by robust demand and the absence of semiconductor supply constraints it had to endure in recent years. Still, ...
BASF post slight Q1 earnings drop but beats forecast
BERLIN (Reuters) - Germany's BASF said first-quarter adjusted earnings fell 5.3% compared with the same quarter last year, to 2.7 billion euros ($2.89 billion), but still came in above analysts' consensus. In a statement on Thursday, the German ...