By Arunima Kumar (Reuters) -Shell reported a 16% drop in profit for 2024 on Thursday amid weakness in oil and gas prices and in demand, but shares rose after it raised its dividend by 4% and extended its share buyback programme. The oil major also announced a $3.5 billion buyback for the current quarter, making …
Shell dividend hike drives shares higher despite profit miss Read More »
FRANKFURT (Reuters) – A further European Central Bank interest rate cut is likely to go through in March without much resistance among policymakers before the debate between them on further easing becomes more heated, three of them told Reuters. The euro zone’s monetary policymakers unanimously cut rates for a fifth time on Thursday, repeating that …
ECB governors see one more cut before debate heats up, sources say Read More »
By Manas Mishra -Sanofi said on Thursday it would buy back 5 billion euros ($5.21 billion) in shares this year and could be more active with acquisitions in the near term as the drugmaker moves towards selling a large stake in its consumer health unit. The sale of Sanofi’s controlling stake in consumer health business …
Sanofi plans share buybacks, signals more deals post Opella sale Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – European Commission chief Ursula von der Leyen hosted auto sector executives, unions and interest groups on Thursday to debate how to help EU car producers electrify their fleets and take on more advanced Chinese and U.S. rivals at the same time. The sector, hit by factory closures and job …
EU kicks off auto support plan as carmakers blast fines Read More »
By Jesús Aguado MADRID (Reuters) -BBVA plans to pay over 5 billion euros ($5.2 billion) to shareholders, it said on Thursday after its fourth-quarter net profit beat forecasts, while its chairman said he expected its takeover of smaller rival Sabadell to go ahead. BBVA said it would buy back shares worth 993 million euros ($1 …
BBVA plans $1 billion share buyback and expects Sabadell bid approval Read More »
LONDON (Reuters) – Gold exports from Switzerland rose year on year in December as supplies to the United States soared to the highest since March 2022 and offset lower deliveries to top consumer China, Swiss customs data showed on Thursday. Switzerland, the world’s biggest bullion refining and transit hub, along with Britain, home to the …
Swiss December gold exports to the US reach highest since March 2022 Read More »
By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The promises helped investors overlook a weak fourth quarter that saw margin shrink and revenue …
Tesla shares rise on Musk promise to launch cheaper EVs, autonomous vehicle Read More »
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 4% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a “really big year”. The chief executives …
Microsoft’s cloud outlook knocks shares, Meta rises on AI payoff signs Read More »
FRANKFURT (Reuters) – The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation. Following are highlights of ECB President Christine Lagarde’s comments at a news conference after the policy meeting. NEUTRAL RATE “If you’re asking me …
By Toby Sterling AMSTERDAM (Reuters) – Top computer chip equipment maker ASML has decided to stop publishing the most closely-watched figure in its quarterly financial results, new order bookings, saying it is too “lumpy” and leads to excessive volatility in its share price. The Dutch company says its own forecasts are a better guide, as …
ASML to stop publishing most-closely watched metric – bookings Read More »
