https://www.gurutrade.com/news/business/rss/ Here you can find reliable and fresh news from the world of business and get acquainted with the experts opinions. Sun, 03 May 2026 05:13:31 +0300 50 en https://www.gurutrade.com/news/chevron-s-upstream-strength-lifts-q1-earnings-past-estimate-1777662036.html Downstream segment swings to loss, mainly from timing effects Upstream earnings grow 4 yearonyear CFO says 1 billion in timing effects to unwind in Q2 HOUSTON, May 1 Reuters Chevron exceeded Wall Street estimates for its firstquarter earnings on Friday, as elevated oil prices linked to the U.S.Israeli war on Iran helped boost results from its upstream business. The company reported adjusted earnings of 1.41 per share, well above the consensus estimate of 95 cents, according to data compiled by LSEG. Despite the strong beat, overall profit marked its lowest level in five years, partly due to unfavorable timing effects tied to financial derivatives. Chevron39;s upstream segment, its largest business unit, generated 3.9 billion in earnings, up 4 yearonyear as higher oil prices led to increased revenue. Earnings from international upstream surpassed expectations, analysts from Jefferies said. The conflict with Iran, which began on February 28, significantly disrupted global energy markets with shipping through the Strait of Hormuz nearly halted, tightening supply and pushing oil prices up as much as 50 during the reported quarter. Chevron CEO Mike Wirth said it was too soon to say how current events will ultimately reshape the sector. The new equilibrium will look different than what we39;ve known before, but I39;m not sure I could argue with a lot of confidence that I could describe exactly what that looks like. One thing you can expect from us is consistency, he... https://www.gurutrade.com/news/chevron-s-upstream-strength-lifts-q1-earnings-past-estimate-1777662036.html Fri, 01 May 2026 07:30:42 +0300 https://www.gurutrade.com/news/exxon-net-income-falls-output-hit-by-iran-war-1777661477.html Exxon profit hit by Middle East disruptions U.S.Iran conflict hits output, volumes could fall further in second quarter Oil majors show uneven hits from U.S.Iran war CFO says paper losses from hedging to unwind in a 39;few months39; HOUSTON, May 1 Reuters Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to global supply disruptions from the Iran war that the company39;s CEO cautioned could worsen in coming months. Adjusted earnings for the first three months of the year were 1.16 per share, above the consensus estimate of 1.00 as compiled by LSEG, while net income was 4.2 billion, the lowest since the first quarter of 2021. It was 7.7 billion for the yearago period. The Middle East conflict has driven both U.S. and international oil prices to well over 100 a barrel, but the effect on oil majors39; profits has been uneven. Exxon, one of the most exposed, saw its production dip, while European rivals BP and Total brought in higher profits from trading operations. About 20 of Exxon39;s oil and gas production is located in the Middle East, one of the highest exposure rates among the majors. Chevron, the No. 2 U.S. oil producer, said on Friday that less than 5 of its production comes from that region. CEO Darren Woods warned that prices could continue to rise, saying the disruption in supply has been so far somewhat offset by... https://www.gurutrade.com/news/exxon-net-income-falls-output-hit-by-iran-war-1777661477.html Fri, 01 May 2026 06:50:05 +0300 https://www.gurutrade.com/news/apple-shares-rise-on-record-sales-before-ceo-turnover-1777660572.html May 1 Reuters Apple shares jumped 3.6 in early trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO. Its latest iPhone 17 Pro series and the newly launched lowcost MacBook Neo laptop are both drawing buyers at a time of low overall demand in the consumer electronics industry due to price hikes forced by the memory chip shortage. Even though Apple39;s margins for the JanuaryMarch quarter and its fiscal thirdquarter forecast were above Wall Street estimates, outgoing CEO Tim Cook warned that higher memory costs would increasingly weigh on the business from June. Limited supply of the advanced processors for iPhone have already hampered Apple39;s ability to capitalize on strong demand. The chips are made by Taiwan39;s TSMC, the leading producer of AI processors. Analysts say Apple39;s clout with longtime suppliers could position it better than rivals in securing memory chips but it might have to raise prices later this year. The key question will be deciding the perfect balance strategically between increasing prices and maintaining profitability or focusing on gaining share by not increasing prices, said Nabila Popal, a senior research director at IDC. I think Apple will increase prices of the Pro and ProMax in upcoming fall launch, however even if they don39;t, with the super highend iPhone fold coming up which we expect to be well over... https://www.gurutrade.com/news/apple-shares-rise-on-record-sales-before-ceo-turnover-1777660572.html Fri, 01 May 2026 05:30:16 +0300 https://www.gurutrade.com/news/colgate-palmolive-beats-q1-view-on-strong-international-demand-1777664537.html May 1 Reuters ColgatePalmolive beat expectations for firstquarter sales and profit on Friday, helped by strong international demand for household staples such as oral and personal care products. Shares of the company that makes Colgate toothpaste and Palmolive soaps rose 3 in premarket trading. They have gained 8 so far this year. The company has benefited from steady demand for its toothpaste and manual toothbrushes as well as household cleaning products despite price hikes, which helped boost margins and make up for higher tariffs and raw material costs. The conflict in the Middle East is increasing pressure on raw materials, packaging and logistics costs and can also hurt global consumer spending, Colgate said. It predicted significant inflationary pressure due to rising prices of oil and other commodities. ColgatePalmolive posted net sales of 5.32 billion for the three months ended March 31. Analysts on average expected revenue of 5.22 billion, according to data compiled by LSEG. Adjusted earnings per share of 97 cents surpassed analysts39; estimate of 95 cents. Colgate39;s strength in its international markets has helped counter falling demand in the U.S. as budgetconscious shoppers look to save by choosing lowerpriced alternatives amid higher living costs. North America segment volumes fell 3.2 in the quarter, but overall volumes inched up 1.1. Overall pricing increased 2.2. The company39;s upbeat quarterly results mirror those of consumer goods rivals... https://www.gurutrade.com/news/colgate-palmolive-beats-q1-view-on-strong-international-demand-1777664537.html Fri, 01 May 2026 04:40:04 +0300 https://www.gurutrade.com/news/estee-lauder-to-cut-3-000-jobs-lifts-profit-forecast-1777663318.html Co beats Q3 estimates as demand improves amid turnaround push Over 70 of the additional job cuts will come from department store roles, company says Shares jump about 11 premarket May 1 Reuters Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broader restructuring, sending its shares up about 11 in premarket trading. The Clinique and M.A.C owner, which is in talks to merge with Jean Paul Gaultierowner Puig, said it now expects a total reduction of 9,000 to 10,000 positions, up from a prior estimate of as many as 7,000, and aims to save as much as 1.2 billion in costs. At the upper end of these cuts, the new target is about 17.5 of its total employee base of 57,000 worldwide as of June 30, 2025, according to Estee39;s latest annual filing. The increase in planned job cuts could be an indication that in light of merger plans, Estee Lauder will be able to shed more positions on its side while retaining Puig employees, eMarketer analyst Sky Canaves said. More than 70 of the additional cuts will come from reducing department store staff roles, the company said, as it pursues a turnaround that involves shifting focus to fastergrowing digital and specialty retail channels such as Ulta, Sephora, Amazon and TikTok Shop. RESTRUCTURING TAKES HOLD Estee39;s focus on premium launches and streamlining the supply chain under CEO Stephane de La Faverie39;s Beauty Reimagined strategy helped... https://www.gurutrade.com/news/estee-lauder-to-cut-3-000-jobs-lifts-profit-forecast-1777663318.html Fri, 01 May 2026 04:20:58 +0300 https://www.gurutrade.com/news/byd-s-sales-downturn-extends-to-eighth-straight-month-1777665127.html SHANGHAI, May 1 Reuters Chinese EV giant BYD39;s vehicle sales fell for an eighth straight month in April, down 15.5 from a year earlier and extending its longestever downturn as it struggles with weak demand at home. Overseas sales of passenger vehicles and pickup trucks, increasingly a source of growth for BYD, jumped 35 to 130,000 vehicles last month, according to Reuters calculations based on a Weibo post by BYD executive Li Yunfei. The company has not disclosed its overall sales target for this year, but has said it39;s confident about selling at least 1.5 million vehicles abroad. The biggest Chinese competitor to Tesla posted its steepest profit drop since 2020 in the JanuaryMarch period, as the bulk of its sales in the budget segment priced under 150,000 yuan 21,935.60 come under growing pressure from Geely and Leapmotor. BYD39;s previous longest sales decline lasted six months amid a rollback of government electricvehicle subsidies that ended in December 2019. As it navigates challenges at home, where reduced tradein subsidies for entrylevel EVs and plugin hybrids are expediting a shift toward premium models, BYD is launching models with fastercharging batteries and building a superfast charging network to reassure buyers of its technological edge. It is also raising the price of its inhouse driving assistant system addon for EVs from Friday, citing rising global memory hardware costs. Reporting by Casey Hall and Qiaoyi Li; Editing by Joe Bavier Source... https://www.gurutrade.com/news/byd-s-sales-downturn-extends-to-eighth-straight-month-1777665127.html Fri, 01 May 2026 03:40:58 +0300 https://www.gurutrade.com/news/reddit-rallies-on-ai-ad-growth-strong-revenue-outlook-1777629614.html May 1 Reuters Reddit shares jumped 16 in premarket trading on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company39;s AIdriven advertising tools. The company39;s AIoptimized ad platform helps advertisers place targeted ads directly within relevant discussion threads across its interestbased communities called subreddits. The strong results signal that the company39;s strategy is paying off as Reddit takes on bigger ad rivals such as Meta39;s Instagram and Facebook. Reddit is still hiring and adding to our talent base, Chief Operating Officer Jen Wong told Reuters on Thursday. The remarks paint Reddit as an outlier, as companies such as Meta, Snap and Pinterest have cut thousands of jobs over the past year to streamline operations and refocus spending on artificial intelligence. Reddit39;s stock has had a turbulent year, sliding roughly 36 yeartodate, while Snap and Pinterest have dropped about 24 each. Its daily active unique visitors grew 17 to 126.8 million in the quarter, while global average revenue per user increased by 44. Execution across these areas U.S. user growth remains key to driving multiple expansion for Redditas it will showcase its growing importance, even in a future GenAI enabled and agentic landscape, said analysts at Morgan Stanley. Its ad platform uses AI to improve campaign creation and management through features including an AI copywriter for Redditspecific advertisements and an... https://www.gurutrade.com/news/reddit-rallies-on-ai-ad-growth-strong-revenue-outlook-1777629614.html Fri, 01 May 2026 12:20:44 +0300 https://www.gurutrade.com/news/higher-oil-prices-fail-to-lift-pemex-as-q1-loss-hits-2-6b-1777631488.html MEXICO CITY, April 30 Reuters Mexico39;s Pemex reported a 45.99 billion peso 2.6 billion quarterly loss, as the state energy company failed to profit from a global oil price surge triggered by international conflict. The United States39; war with Iran has lifted crude oil prices worldwide to a fouryear high. Pemex is constrained by high debt, and has struggled to meet the government39;s ambitious production goal of 1.8 million bpd. As of the end of the first quarter, its financial debt stood at 79 billion, with 20.8 billion owed to providers. Together with its partners, Pemex pumped 1.652 million barrels per day bpd on average, up from the same quarter a year earlier, as it squeezed more barrels from the fields Maloob, Ixachi, Zaap, Ayatsil and Quesqui, among others. Production remains on a decadeslong decline and new contracts with private producers that were meant to lift output have advanced slowly and largely failed to draw big players. Pemex has progressively cut the number of barrels it exports, which has weighed on public finances. Most of Pemex39;s production is sent to its own refineries, including the new Olmeca refinery in the port of Dos Bocas. In its seven local refineries, Pemex processed 1.14 million bpd, the filing showed. While the debt remains a significant burden, it has trended downward in recent years following unprecedented fiscal support from the government of President Claudia Sheinbaum and her predecessor. The company39;s revenues in the... https://www.gurutrade.com/news/higher-oil-prices-fail-to-lift-pemex-as-q1-loss-hits-2-6b-1777631488.html Fri, 01 May 2026 07:40:58 +0300 https://www.gurutrade.com/news/leapmotor-venture-model-for-future-china-partnerships-stellantis-ceo-1777560149.html MILAN, April 30 Reuters Stellantis has a mutually rewarding partnership with China39;s Leapmotor which can be a model for future cooperation with other Chinese automakers, CEO Antonio Filosa said on Thursday. We take this partnership as an example of what we can do with, for instance, another Chinese automaker, Filosa said in a call with journalists, after the FrancoItalian company presented its first quarter results. Stellantis teamed up with Leapmotor in 2023 when it acquired around a fifth of the Chinese company and formed a joint venture in charge of producing and selling Leapmotor cars outside of China. Stellantis will this year start assembling Leapmotor39;s B10 compact SUV in Spain, while Reuters reported earlier this month that the two groups were in advanced talks to develop an Opelbranded electric SUV using the Chinese company39;s technology. As Stellantis prepares to unveil its new business plan on May 21, speculation is increasing that the FrancoItalian group could strike more deals with Leapmotors and other Chinese manufacturers to help fill its unused capacity in Europe. The CEO said Leapmotor was winning over customers from other automakers, rather than stealing them from other Stellantis brands. Reporting by Giulio Piovaccari in Milan, Nick Carey in London and Gilles Guillaume in Paris; writing by Giulio Piovaccari Source Reuters https://www.gurutrade.com/news/leapmotor-venture-model-for-future-china-partnerships-stellantis-ceo-1777560149.html Thu, 30 Apr 2026 04:10:27 +0300 https://www.gurutrade.com/news/dbs-q1-net-profit-beat-bolsters-2026-outlook-amid-iran-war-risks-1777552419.html Wealth management fees reached a record S907 million Q1 net profit climbed to S2.93 bln vs S2.83 bln estimate Bank39;s exposure to Middle East remains limited, watching out for secondorder impact SINGAPORE, April 30 Reuters Singapore39;s biggest bank DBS Group struck a more sanguine tone on its 2026 outlook on Thursday after beating firstquarter earnings forecasts, betting stronger wealth inflows and deposit growth can blunt the impact of the Iran war. DBS, which is also Southeast Asia39;s largest bank by assets, ditched its earlier guidance for net profit this year to be slightly below 2025 levels. It did not provide an update on the potential for general provision writebacks as it announced its results. Things may still pan out, but as far as we can see, it39;s actually turned slightly more positive than the last guidance, chief financial officer Chng Sok Hui said during the quarterly earnings call. We have a good shot, I think, at getting close to 2025 levels, she said. CEO Tan Su Shan, while noting a precarious economic environment and volatile markets, said We feel good about the fundamentals. The twomonth conflict in the Middle East has injected volatility into markets and disrupted global supply chains, complicating the outlook for rates and inflation and making the world39;s biggest lenders wary of a severe economic downturn. However, the impact to DBS39;s bottom line in the first quarter was mitigated by growth in its wealth segment. Wealth management... https://www.gurutrade.com/news/dbs-q1-net-profit-beat-bolsters-2026-outlook-amid-iran-war-risks-1777552419.html Thu, 30 Apr 2026 02:40:44 +0300 https://www.gurutrade.com/news/hershey-beats-quarterly-estimates-as-prices-snack-demand-offset-costs-1777558432.html FRANKFURT, April 30 Reuters The euro zone economy saw faint growth in the first quarter, a preliminary estimate showed on Thursday, offering the first snapshot of activity since the outbreak of the Iran conflict. The energyimporting euro zone is seen as particularly vulnerable among advanced economies to disruptions in oil, gas and other shipments through the Strait of Hormuz, which began in late February. Eurostat said gross domestic product in the 21country currency area rose 0.1 quarteronquarter in the three months to March, according to a flash reading, lagging economists39; forecasts and the pace recorded in the previous quarter, both at 0.2. A string of surveys this week points to a further slowdown in activity, with business sentiment weakening, services deteriorating, profits falling and exports still hit by tariffs, while banks signal tighter credit conditions. The subdued backdrop complicates the European Central Banks response to an emerging, energydriven rise in inflation. The ECB is widely expected to keep rates unchanged on Thursday, though markets are pricing in three to four increases over the coming year. Reporting by Francesco Canepa; Editing by Alexandra Hudson Source Reuters https://www.gurutrade.com/news/hershey-beats-quarterly-estimates-as-prices-snack-demand-offset-costs-1777558432.html Thu, 30 Apr 2026 12:10:07 +0300 https://www.gurutrade.com/news/syngenta-sees-strong-growth-in-china-as-q1-sales-rise-1777540049.html ZURICH, April 30 Reuters Swissbased seeds and agrochemicals company Syngenta Group on Thursday reported slightly higher sales and profit during its first quarter due to strong growth in China and efficiency gains. The Chineseowned company, which is planning a flotation on the Hong Kong Stock Exchange, said its sales increased by 2 to 6.4 billion in the first three months of the year. Earnings before interest, tax, depreciation and amortisation EBITDA rose by 5 to 1.4 billion, said Syngenta, which competes with U.S.based Corteva and Germany39;s BASF and Bayer. Syngenta, which is owned by Chinese stateowned group Sinochem, said the improvement was due to its focus on more profitable new products as well as continued efficiency improvements. This good result was achieved despite a market environment shaped by geopolitical uncertainty and trade disruption, Syngenta said. Crop protection sales rose by 3, supported by the strong growth in China and Europe, while sales in Syngenta39;s seed business rose by 7. Syngenta39;s China business increased sales grew by 1. When the effect of its exit from the grain trading business was removed, sales grew by 11 compared with a year earlier. Reporting by John Revill, Editing by Linda Pasquini Source Reuters https://www.gurutrade.com/news/syngenta-sees-strong-growth-in-china-as-q1-sales-rise-1777540049.html Thu, 30 Apr 2026 09:40:14 +0300 https://www.gurutrade.com/news/china-airlines-hit-q1-profit-fuel-costs-cloud-outlook-1777542812.html China Southern signs deal with Airbus to buy 137 aircraft for 21.4 billion Chinese global airline capacity forecast to grow 13 yearonyear in summer of 2026 BofA Middle East war overshadows outlook amid higher jet fuel prices BEIJINGHONG KONG, April 30 Reuters China39;s top three stateowned airlines bounced back to profit in the first quarter, helped by robust demand during the Lunar New Year holiday and recovering global travel, although the outlook is overshadowed by higher fuel costs amid the war in Iran. The sector entered 2026 on a stronger footing, with Guangzhoubased China Southern Airlines reporting a net profit of 1.48 billion yuan 216 million for the first three months, swinging from a loss of 747 million yuan in the same period last year. Flagship carrier Air China posted a 1.71 billion yuan net profit, compared with a loss of 2.04 billion yuan last year. Shanghaiheadquartered China Eastern Airlines reported a net profit of 1.63 billion yuan, versus a yearearlier loss of 995 million yuan. The Hong Kong shares of China Southern , Air China and China Eastern slipped as much as 2.7, 2.9 and 2.3 respectively. In a sign of confidence in the sector39;s longerterm recovery on Wednesday, China Southern announced a major fleet expansion, with the airline and its subsidiary, Xiamen Airlines, signing agreements with Airbus to purchase 102 and 35 A320neo series aircraft, respectively. The catalogue price for the 137 aircraft stands at about 21.4 billion, with... https://www.gurutrade.com/news/china-airlines-hit-q1-profit-fuel-costs-cloud-outlook-1777542812.html Thu, 30 Apr 2026 08:20:50 +0300 https://www.gurutrade.com/news/lg-energy-solution-hits-loss-on-weak-n-american-ev-demand-1777547611.html SEOUL, April 30 Reuters South Korea39;s LG Energy Solution LGES swung to a loss on Thursday as battery demand from electric vehicle EV makers weakened, with automakers especially in North America limiting EV production. LGES, which supplies Tesla, General Motors and Hyundai Motor, posted an operating loss of 208 billion won 140 million for the JanuaryMarch period, in line with earlier guidance. That compares with a 375 billion won profit a year earlier. The South Korean battery maker would have made a 398 billion won operating loss without a tax credit received under the U.S. Inflation Reduction Act, according to a regulatory filing. Here are some details Revenue fell 2.5 to 6.6 trillion won from a year earlier, LGES said. LG Energy Solution said in an earnings presentation its order backlog for 46series cylindrical batteries used in electric vehicles continued to increase from end2025 to endApril. To offset weakness in EV batteries, LGES is focusing on growing demand for energy storage systems ESS, driven by rising electricity needs for AI data centres. In February, LGES said it aims to triple its ESS revenue this year from a year earlier. Nomura estimated the company39;s ESS revenue at about 2.8 trillion won in 2025. Crosstown rival Samsung SDI said on Tuesday it has seen strong momentum in ESS demand, led by data centres, driving a rise in orders from existing and new customers. On EV demand in Europe, Samsung SDI said major countries... https://www.gurutrade.com/news/lg-energy-solution-hits-loss-on-weak-n-american-ev-demand-1777547611.html Thu, 30 Apr 2026 07:30:52 +0300 https://www.gurutrade.com/news/eqt-eyes-3rd-bid-for-uk-s-intertek-bloomberg-news-1777481250.html April 29 Reuters Swedish private equity group EQT AB is preparing its third, improved bid for the UK39;s Intertek, Bloomberg News reported on Wednesday, after its earlier approaches were rejected by the product testing firm. The Swedish investment firm has been discussing the level of a potential new bid for Londonlisted Intertek, the report added, citing people familiar with the matter. Intertek shares were up 4.7 at 4,813 pence after the news. The report did not have financial details of the third bid. The company rejected two bids from EQT in the last two weeks an initial 51.50 pound per share proposal followed by a 54 pound per share bid saying they fundamentally undervalued the company and its prospects. EQT39;s second disclosed bid had valued Intertek at about 8.3 billion pounds, which would have made the acquisition the UK39;s secondlargest private equity takeprivate deal on record, according to Mergermarket. Deliberations for a higher bid are ongoing and there39;s no certainty EQT will proceed with a fresh proposal, the report said. EQT and Intertek did not immediately respond to a Reuters request for comment. Reporting by Yamini Kalia and Prerna Bedi in Bengaluru; Editing by Leroy Leo Source Reuters https://www.gurutrade.com/news/eqt-eyes-3rd-bid-for-uk-s-intertek-bloomberg-news-1777481250.html Wed, 29 Apr 2026 05:30:39 +0300 https://www.gurutrade.com/news/petrochina-s-q1-profit-up-on-growing-gas-and-fuel-sales-1777478886.html BEIJING, April 29 Reuters PetroChina, Asia39;s largest oil and gas producer, posted a 1.9 rise in firstquarter profit on Wednesday, citing growing sales of natural gas and refined fuel as well as improved margins in the refining and chemical sector. The Chinese state oil giant39;s net income came in at 48.33 billion yuan 7.07 billion, up from 47.45 billion yuan a year earlier, a filing with the Hong Kong Stock Exchange showed. Revenue fell 2.2 to 736.4 billion yuan. Sinopec, the world39;s largest refiner by capacity, and CNOOC, China39;s major offshore oil producer, also reported higher net profits this week. NATURAL GAS, REFINED FUEL SALES UP PetroChina39;s domestic oil production between January and March was unchanged from a year earlier at 197.9 million barrels, or 2.2 million barrels per day, while gas output rose 2.4 to 1,352.6 billion cubic feet. However, overseas oil production was down 5.6 to 39.9 million barrels in the period, though overseas gas output rose 4.1 to 41.7 billion cubic feet. Natural gas sales grew 3.5 to 73.81 billion cubic metres, leading to a 40 rise in operating profit to 18.87 billion yuan. As China39;s secondlargest refiner by capacity, PetroChina processed 343 million barrels of oil in the first three months, or 3.81 million bpd, up 1.7 yearonyear. Refining profit rose 57.7 to 7.18 billion yuan on higher margins. PetroChina also lifted fuel sales, with volumes of gasoline, kerosene and diesel combined up 4.8 to 36.78 million metric... https://www.gurutrade.com/news/petrochina-s-q1-profit-up-on-growing-gas-and-fuel-sales-1777478886.html Wed, 29 Apr 2026 05:10:53 +0300 https://www.gurutrade.com/news/visa-shares-up-as-profit-beat-outlook-ease-mideast-fears-1777465880.html April 29 Reuters Visa shares jumped 5 in premarket trading on Wednesday as the paymentsprocessing company beat estimates for secondquarter profit and lifted expectations for fullyear earnings, buoyed by resilient consumer spending. Payments volume grew as consumer spending during the quarter defied broader macroeconomic concerns stoked by heightened tensions in the Middle East. CEO Ryan McInerney said in a postearnings call that Visa was closely monitoring the situation in the region. The company said several factors would offset weakness in crossborder travel, such as stronger U.S.bound demand linked to the FIFA World Cup and higher commercial travel volumes. These events also help growth in the company39;s marketing services segment. Crossborder payments, viewed as a realtime gauge of global trade and travel because of Visa39;s scale, are closely monitored by analysts and economists. The company39;s crossborder volume in the second quarter rose 12 on a constantdollar basis, compared with 13 a year earlier. There39;s a lot to be impressed by in Visa39;s print, particularly in the context of investor concerns going in that crossborder growth would dramatically slow in April, J.P. Morgan analysts said in a note. Shares of the company have lost about 12 so far in 2026, lagging behind the broader SP 500 index , but still outperforming American Express. Rival Mastercard39;s shares also rose 2.4 in premarket trading. Visa posted its strongest growth profile in years... https://www.gurutrade.com/news/visa-shares-up-as-profit-beat-outlook-ease-mideast-fears-1777465880.html Wed, 29 Apr 2026 03:00:44 +0300 https://www.gurutrade.com/news/maruti-suzuki-value-up-1-24b-as-small-cars-gain-favor-1777476847.html April 29 Reuters Shares of Maruti Suzuki India gained as much as 5.1 on Wednesday as investors looked past nearterm margin pressures to bet on strong demand for its small cars and a brighter volume outlook. The stock settled 2.8 higher and added 117.27 billion rupees 1.24 billion in market value. It was the top boost on the auto index, which ended 1.2 higher. India39;s top carmaker reported profit of 35.91 billion rupees 379 million for the quarter ended March 31 on Tuesday, missing analysts39; estimates of 41.38 billion rupees. The decline was driven by higher raw material costs and a sharp fall in other income, but the carmaker flagged strong demand momentum for its small cars despite mounting risks from the Iran war. Small cars account for about 130,000 of the 190,000 pending orders, Chairman RC Bhargava said. The company also outlined plans to expand manufacturing capacity by about 500,000 units in the current fiscal year with an investment of 1.48 billion. The stock rebounded from Tuesday39;s losses as analysts pointed to a strong order book, leaner dealer inventories and easing discounts as signs of resilient underlying demand. While demand could soften in the coming quarters, consumer appetite was strong till March, reflected in low inventories, offering nearterm support despite mounting cost pressures, said Gaurav Vangaal, an analyst at SP Global Mobility. CLSA described the results as resilient amidst odds, saying Maruti managed to limit the impact of... https://www.gurutrade.com/news/maruti-suzuki-value-up-1-24b-as-small-cars-gain-favor-1777476847.html Wed, 29 Apr 2026 02:50:47 +0300 https://www.gurutrade.com/news/armani-2025-revenue-fell-2-8-ceo-denies-buyer-meetings-1777458770.html ROME, April 29 Reuters Italian fashion group Armani said on Wednesday its revenue fell 2.8 at constant exchange rates last year, weighed by a weak performance of its wholesale channel. In 2025, the company39;s revenue totalled 2.2 billion euros 2.57 billion, while total turnover, including direct licensee sales, was 4 billion euros. We face a possible structural change in the approach to luxury and fashion by current consumers and potential, which must be taken into account, said Armani group CEO Giuseppe Marsocci in a statement. Earnings before interest, taxes, depreciation and amortisation EBITDA rose 3.2 yearonyear to 152.7 million euros, while operating profit increased 2 to 52.6 million euros. Trends in the first months of 2026 were in line with the previous year, with unfavourable currency movements weighing on performance. Giorgio Armani, the group39;s founder who died last September, instructed his heirs to sell an initial stake in the company to players such as L39;Oreal, EssilorLuxottica and French luxury giant LVMH. In an interview with Italy39;s Sole 24 Ore published on Wednesday, Marsocci said there was no update on the group39;s shareholding structure, adding that interest in the Armani group remained strong. We have not started meetings with the three potential buyers, and there are no tensions among the family members, Marsocci said in a separate interview with WWD magazine. 1 0.8547 euros Reporting by Elisa... https://www.gurutrade.com/news/armani-2025-revenue-fell-2-8-ceo-denies-buyer-meetings-1777458770.html Wed, 29 Apr 2026 01:10:03 +0300 https://www.gurutrade.com/news/kone-to-buy-rival-tk-elevator-in-34-4b-cash-and-stock-deal-1777451347.html Finland39;s Kone to buy TK Elevator in cash and stock deal Set to become world39;s largest elevator group Sellers are private equity groups Advent and Cinven Plans cost cuts of 700 million euros Facing antitrust hurdles HELSINKI, April 29 Reuters Finnish lift maker Kone said on Wednesday it had agreed to buy its German rival TK Elevator in a cash and stock transaction valued at 29.4 billion euros 34.4 billion, which would create the world39;s largest lift maker. The deal with private equity firms Advent International and Cinven marks one of Europe39;s biggest takeovers this year and is also the highest valued company takeover in Finnish history. Kone will pay 5 billion euros in cash upon closing and issue a further 270 million new shares worth around 15.2 billion euros, corresponding to 33.8 of all issued shares and 18.3 of total votes. In addition, Kone will take on TK Elevator39;s interestbearing net debt, amounting to about 9.2 billion euros, which it plans to refinance. The combination would result in planned cost savings estimated at 700 million euros on an annual runrate basis, Kone said. This combination would meaningfully enhance our ability to meet customers growing demand for reliable and sustainable solutions and services, Kone CEO Philippe Delorme said in a statement. Kone shareholders owning 40.3 of all outstanding shares and approximately 74.3 of the total votes have agreed to support the transaction and vote in favour of the board39;s... https://www.gurutrade.com/news/kone-to-buy-rival-tk-elevator-in-34-4b-cash-and-stock-deal-1777451347.html Wed, 29 Apr 2026 10:50:24 +0300 https://www.gurutrade.com/news/taiwan-s-tsmc-exits-arm-with-231-million-share-sale-1777475589.html TAIPEI, April 29 Reuters Taiwan Semiconductor Manufacturing Co, the worlds largest contract chipmaker, has sold its remaining stake in Arm Holdings , according to a company filing on Wednesday. Its subsidiary, TSMC Partners, sold 1.11 million Arm shares from April 28 to 29 at 207.65 each, for a total of about 231 million, the filing showed. The disposal resulted in an impact on retained earnings of 174 million. Following the transaction, TSMC no longer holds any Arm shares. The company said the transaction was part of a disposal of an equity investment, according to the filing. TSMC had invested about 100 million in Arm at 51 per share during the chip designers initial public offering in 2023, alongside several strategic investors. It has been gradually reducing its stake, having sold 850,000 shares in 2024 at 119.47 each for about 102 million, according to filings at the time. Arm shares fell 7.98 on Tuesday. Reporting by WenYee Lee; Editing by Thomas Derpinghaus Source Reuters https://www.gurutrade.com/news/taiwan-s-tsmc-exits-arm-with-231-million-share-sale-1777475589.html Wed, 29 Apr 2026 08:50:42 +0300 https://www.gurutrade.com/news/vale-q1-profit-rises-36-on-higher-sales-better-prices-1777469385.html SAO PAULO, Reuters Vale, one of the world39;s largest iron ore producers, on Tuesday posted a 36 increase in its firstquarter net profit as it boosted sales volumes and benefited from higher prices for its products, nevertheless missing market estimates. Rio de Janeirobased Vale reported that its net profit in the JanuaryMarch period came in at 1.89 billion, below the 2.05 billion predicted by analysts polled by LSEG. The firm posted quarterly adjusted earnings before interest, taxes, depreciation and amortization EBITDA of 3.83 billion, up 23 from the same period last year. Analysts had predicted this would land higher at 3.96 billion. We delivered a solid start to 2026, Vale Chief Executive Gustavo Pimenta said in the earnings report, which pointed to bigger sales volumes across its segments, including iron ore, copper and nickel. The firm reported earlier this month its highest iron ore sales for a first quarter since 2018, totaling 68.7 million metric tons, up 3.9 from a year earlier. Sales also rose yearonyear for copper 11.4 and nickel 15.2, Vale had said, as output for both metals reached the highest firstquarter levels since 2017 and 2020, respectively. Vale noted on Tuesday that it benefited from higher reference prices for its products as well. The average realized price for iron ore fines, which represents the bulk of its production, hit 95.80 per ton, up 5.5 yearonyear. Firstquarter net revenues rose 14 to 9.26 billion, Vale said, compared to... https://www.gurutrade.com/news/vale-q1-profit-rises-36-on-higher-sales-better-prices-1777469385.html Wed, 29 Apr 2026 07:30:42 +0300 https://www.gurutrade.com/news/ups-keeps-revenue-goal-warns-iran-war-fuel-spike-hits-demand-1777402299.html GM lifts 2026 profit outlook by 500 million, sees tariff refund Q1 aided by strong truck sales, easing US environmental rules GM faces higher rawmaterial and logistics costs   April 28 Reuters General Motors posted on Tuesday a 22 rise in firstquarter core profit and lifted its fullyear earnings forecast, buoyed by a resilient U.S. car market and an expected tariff refund. The largest U.S. automaker by sales comfortably beat analysts39; profit estimates while navigating a fastchanging geopolitical and regulatory backdrop that is reshaping the industry.   U.S. tariffs and higher energy costs linked to the Iran war are weighing on results, even as looser U.S. pollution and fueleconomy rules introduced last year under President Trump are lifting margins. Pickuptruck sales, a key profit driver, remained strong despite higher gas prices. GM warned, though, that inflation driven by the war would continue to pressure the business. The number one thing we39;re watching is what happens with the Iranian conflict, CEO Mary Barra said, pointing to rising commodity and logistics costs. The company also said it diverted planned shipments of 7,500 SUVs from the Middle East because of the conflict. CORE PROFIT BEAT GM reported earnings before interest and taxes of 4.3 billion, or 3.70 per share, which beat analysts39; estimate of 2.62, according to LSEG data. Shares fell around 2 in morning trading. The Detroit automaker raised its 2026 profit outlook by 500 million,... https://www.gurutrade.com/news/ups-keeps-revenue-goal-warns-iran-war-fuel-spike-hits-demand-1777402299.html Tue, 28 Apr 2026 06:50:32 +0300 https://www.gurutrade.com/news/spotify-profit-view-hit-as-eu-north-america-growth-lags-1777392754.html Spotify plans increased investment in AI, marketing Company is not planning to hire more employees Expects premium subscribers to reach 299 million Spotify reports monthly active users of 761 million April 28 Reuters Spotify SPOT.N, opens new tab forecast secondquarter earnings below estimates on Tuesday, citing more spending on marketing for new features as growth in major markets of Europe and North America slowed, sending its shares down 11. CoCEO Gustav Soderstrom told Reuters that Spotify was investing heavily in new features, including marketing efforts and the computing power needed for artificial intelligence, rather than expanding its workforce. Spotify has in recent years tried to boost profitability through price hikes, as well as added AIpowered features that improve discovery and engagement on its platform to ward off competition from Apple and Amazon39;s products. The company expects operating income of 630 million euros 736.41 million for the second quarter, below LSEGcompiled analysts39; average estimate of 684 million euros. That contrasted sharply with Spotify39;s record operating income of 715 million euros in the first quarter, which beat estimates of 681.6 million euros, driven by lower payroll taxes. Such taxes, called social charges, are tied to the value of the company39;s share price, as lower stock prices can lead to a decline in charges. Spotify shares have fallen around 15 this year after rising about 30 in 2025. CFO Christian Luiga... https://www.gurutrade.com/news/spotify-profit-view-hit-as-eu-north-america-growth-lags-1777392754.html Tue, 28 Apr 2026 06:10:08 +0300 https://www.gurutrade.com/news/coca-cola-lifts-profit-view-shrugs-off-high-oil-prices-1777403218.html Volumes rise across geographical segments in first quarter Working with bottling partners to tackle Iran war fallout CFO Q1 revenue, profit beats market expectations CocaCola sticks to 2026 organic revenue growth target April 28 Reuters CocaCola on Tuesday bucked the trend of consumer goods companies warning of a hit to their annual profits from the fallout of the Iran war and raised its annual earnings target, betting on demand for its sodas and other drinks. The beverages giant39;s shares rose 5 as it topped expectations in the first quarterly report since Henrique Braun took over as CEO from James Quincey. The surge in energy prices has led to higher input costs, particularly for packaging material such as PET resin and aluminum for consumer goods companies, at a time when they have little room to protect margins by raising prices. While many consumers remain resilient, others are under pressure due to persistent inflation, greater macroeconomic uncertainty, and volatility driven by the conflict in the Middle East, Braun said on a postearnings call. HIGHER PACKAGING COSTS LOOM CocaCola operates through local bottlers and distributors to sell its soda concentrates, but it is still directly exposed to higher packaging costs of plastic as well as aluminum for some finished products such as Powerade energy drinks. We are working hard with our bottling partners to deal with the implications of the situation ... in the Middle East, CFO John Murphy said in an... https://www.gurutrade.com/news/coca-cola-lifts-profit-view-shrugs-off-high-oil-prices-1777403218.html Tue, 28 Apr 2026 04:50:57 +0300 https://www.gurutrade.com/news/msft-openai-tweak-deal-so-startup-can-court-amazon-others-1777400688.html   OpenAI can now sell products on Amazon and Google Cloud, expanding enterprise reach Microsoft aims to reduce reliance on OpenAI by developing its own AI models Ending exclusivity may ease antitrust scrutiny in US, UK, and Europe OpenAI39;s demand on Amazon39;s cloud described as staggering in internal memo reported by CNBC Barclays analysts say deal frees Microsoft capital for Copilot and boosts cloud capacity April 27 Reuters Microsoft and OpenAI renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator39;s artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon. The loosened ties between Microsoft and OpenAI, which have been expected for a while, are a sweeping change to one of the AI era39;s most consequential alliances. It is arguably advantageous for both companies. Microsoft shares initially fell 1.3 on the news but closed largely unchanged. Alphabet closed up 1.81, while Amazon closed down 1.1. Microsoft39;s early investment, totaling 13 billion since 2019, helped pave the way for OpenAIs ascent as an AI pioneer and powered growth at its Azure cloudcomputing business. Tensions between the two had been rising as OpenAI wanted the freedom to strike cloud deals with Microsoft39;s rivals. The renegotiated terms announced jointly will help OpenAI secure more computing power and build out an enterprise business that can compete better with... https://www.gurutrade.com/news/msft-openai-tweak-deal-so-startup-can-court-amazon-others-1777400688.html Tue, 28 Apr 2026 04:30:35 +0300 https://www.gurutrade.com/news/novartis-misses-on-earnings-as-generic-rivals-hit-entresto-1777392080.html Sales of blockbuster drug Entresto drop 42 in Q1 Novartis expects growth to return in H2, CFO says Generic erosion in US 39;fiercer than expected39; analysts CEO says firm navigating impact of US pricing policy LONDON, April 28 Reuters Novartis posted firstquarter core operating profit and revenues below market expectations on Tuesday, hit by a sharperthanexpected slump in U.S. sales of its blockbuster heart drug Entresto after generic rivals entered the market. The Swiss drugmaker is navigating its most severe period of patent expiries, led by top seller Entresto which made up 14 of sales last year, which has fueled a multibillion dollar dealmaking spree in search of new growth drivers. Sales of Entresto sank 42 to 1.31 billion after its U.S. patents expired last year, below analyst forecasts of 1.37 billion, according to data compiled by Visible Alpha. The slump in sales underscores a looming challenge for Novartis as Entresto also faces patent expiries in Europe from November, and with other blockbuster drugs Cosentyx, Kesimpta and Kisqali set to come off patent in the early 2030s. Generic competition for blood disorder drug Promacta and leukaemia treatment Tasigna is adding pressure on Novartis to offset those lost sales with newer drugs or dealmaking. Over the last few years we39;ve been one of the more active deal makers in the space, CEO Vas Narasimhan told analysts. We want to continue to have a healthy acquisition approach to make sure we have enough... https://www.gurutrade.com/news/novartis-misses-on-earnings-as-generic-rivals-hit-entresto-1777392080.html Tue, 28 Apr 2026 04:00:24 +0300 https://www.gurutrade.com/news/zomato-beats-q4-profit-view-on-food-quick-commerce-growth-1777380151.html April 28 Reuters Indian online delivery firm Eternal posted betterthanexpected quarterly profit on Tuesday, supported by continued expansion in its quickcommerce business and steady growth in its core food delivery unit. The company reported a consolidated net profit of 1.74 billion rupees 18.40 million for the quarter ended March, above analysts39; estimates of 1.21 billion rupees, per data compiled by LSEG. Eternal39;s quick commerce arm Blinkit which delivers everything from groceries to electronics within minutes was a key growth driver, driven by store additions, wider product assortment and expanding geographic coverage. The company added 216 Blinkit stores in the quarter, taking the total to 2,243. India39;s fastgrowing quickcommerce market also includes players such as Swiggy39;s Instamart and Zepto. Conglomerates such as Reliance and global players Amazon and Walmartbacked Flipkart are also vying for a share of the growing market. Margins at both Eternal39;s food delivery business Zomato and at Blinkit improved during the quarter, the company said. Growth in food delivery was supported by a lower minimum order value threshold to qualify for free delivery for its Goldsubscribing customers, it added. Food delivery net order value grew 18.8 yearonyear, improving for the third straight quarter and getting closer to the firm39;s longterm target of more than 20 annual growth. Revenue per order continues to improve and operating cost efficiencies have kept... https://www.gurutrade.com/news/zomato-beats-q4-profit-view-on-food-quick-commerce-growth-1777380151.html Tue, 28 Apr 2026 03:30:09 +0300 https://www.gurutrade.com/news/hilton-lifts-annual-revenue-view-on-strong-travel-demand-1777379128.html April 28 Reuters Hotel operator Hilton Worldwide Holdings raised its fullyear room revenue growth forecast on Tuesday, banking on strong travel demand. The McLean, Virginiabased company expects revenue per available room a key lodging metric that tracks average daily rate and occupancy to grow between 2 and 3 for fiscal 2026, compared with its prior forecast of a 1 and 2 increase. Earlier this month at a Semafor conference, Hilton Chief Executive Christopher Nassetta hinted at signs of improvement at its middlemarket brands in the U.S., including more midweek business travel. The company, which houses brands such as LXR and DoubleTree, also raised its annual adjusted earnings per share forecast to between 8.79 and 8.91, from its previous range of 8.65 and 8.77. Reporting by Anshuman Tripathy in Bengaluru; Editing by Shilpi Majumdar Source Reuters https://www.gurutrade.com/news/hilton-lifts-annual-revenue-view-on-strong-travel-demand-1777379128.html Tue, 28 Apr 2026 02:50:39 +0300 https://www.gurutrade.com/news/byd-profit-slides-fastest-in-6-years-as-china-sales-falter-1777378622.html BYD39;s Q1 net profit 55.4 yy, steepest drop since 2020 Sales at home slid further amid intensifying competition Pivoting to overseas markets, pushing new technologies BEIJING, April 28 Reuters Chinese electric vehicle maker BYD39;s quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday, amid sluggish sales at home. The world39;s biggest electric vehicle maker by sales, known for its focus on budget models priced under 150,000 yuan, is grappling with intensifying competition from rivals including Geely and Leapmotor. BYD39;s first quarter net profit dropped 55.4 from a year earlier to 4.1 billion yuan 600 million, worsening a 38.2 fall in the fourth quarter, the data showed. Firstquarter revenue was down 11.8 to 150.2 billion yuan, extending a declining streak to a third straight quarter. Pressure has mounted as China scales back tradein subsidies for entrylevel electric cars and plugin hybrids. BYD39;s overall sales declined for a seventh straight month in March, despite sustained strong growth in overseas shipments. As its domestic sales face a prolonged slump, BYD is aggressively targeting international markets with a focus on advanced technology or manufacturing localization. The biggest Chinese competitor to Tesla has said it is confident of reaching its 2026 overseas sales target of 1.5 million vehicles or even higher, implying growth of over 40 from 2025, though it has not disclosed an overall sales target. Vincent... https://www.gurutrade.com/news/byd-profit-slides-fastest-in-6-years-as-china-sales-falter-1777378622.html Tue, 28 Apr 2026 02:30:47 +0300 https://www.gurutrade.com/news/ping-an-q1-profit-falls-7-4-on-investment-returns-1777397249.html Investment returns hit by stock market volatility Operating profit up 7.6 onyear in three months ended March 31 NBV in life and health insurance up 20.8 onyear BEIJINGSHANGHAI, April 28 Reuters China39;s Ping An Insurance reported a 7.4 yearonyear fall in net profit in the first quarter, dragged down by weaker investment returns amid equity market volatility. The insurance company posted net profit of 25.022 billion yuan 3.66 billion in the three months ended March 31, down from 27.016 billion yuan a year earlier, a filing on Tuesday showed. Operating profit, which strips out shortterm investment volatility and onetime items, rose 7.6 in the quarter. China39;s economy still faced challenges as the imbalance between strong supply and weak demand remained to be resolved and the foundation for economic recovery still needed to be consolidated, Ping An said in the filing. There were many uncertainties in the external environment amid rising geopolitical risks, it added. New business value NBV in its life and health insurance segment, which measures the profitability of new policies sold, jumped 20.8 yearonyear to 15.574 billion yuan. The NBV growth came as maturing bank deposits flowed into insurance products coinciding with the insurer39;s traditional first quarter sales campaign. The number of retail customers rose 0.2 yeartodate to 251.55 million by endMarch, the filing showed. Investment income posted 7.492 billion yuan losses in the first quarter, compared... https://www.gurutrade.com/news/ping-an-q1-profit-falls-7-4-on-investment-returns-1777397249.html Tue, 28 Apr 2026 01:30:56 +0300 https://www.gurutrade.com/news/nippon-express-shares-soar-on-elliott-s-latest-japan-stake-1777389802.html TOKYO, April 28 Reuters Shares of Japanese logistics firm Nippon Express Holdings leapt as much as 15 after U.S. activist investor Elliott Investment Management disclosed a 5.04 stake in the company on Tuesday. The stake is the latest in a string of investments in Japanese firms by Elliott as it ramps up its activity in the country amid a broad wave of corporate reforms in Japan. Nippon Express39; shares later pared some gains and were up around 8 at 4,186 yen per share in afternoon trading. Japanese regulations oblige investors to disclose a shareholding when it rises above 5. Elliott has not yet released any information regarding the reasoning behind the investment. Late last year Elliott launched a campaign calling for a higher price in Toyota group companies39; takeprivate of supplier Toyota Industries and in 2026 has disclosed positions in shipper Mitsui O.S.K. Lines and air conditioner manufacturer Daikin, calling for greater focus on their core businesses and increased shareholder returns. Reporting by Anton Bridge and Satoshi Sugiyama; Editing by Joe Bavier Source Reuters https://www.gurutrade.com/news/nippon-express-shares-soar-on-elliott-s-latest-japan-stake-1777389802.html Tue, 28 Apr 2026 10:30:02 +0300 https://www.gurutrade.com/news/catl-eyes-5b-hong-kong-raise-on-green-energy-boom-1777394243.html Secondlargest equity offering globally this year LSEG data Proceeds to fund overseas factory builds and zerocarbon push Analysts call timing smart but opportunistic April 28 Reuters China39;s electric vehicle battery maker CATL raised HK39.2 billion 5 billion on Tuesday, tapping strong investor appetite for green energy stocks as the Iran war drives up oil prices and accelerates the global shift away from fossil fuels. The fundraising comes as Chinese exports of solar products, batteries and electric vehicles hit record highs in March, according to energy think tank Ember, in a sign the oil shock is quickening the global pivot to clean energy, a sector dominated by CATL. The company held a 38.1 share of the global electric vehicle battery market in the first ten months of 2025, according to South Korean research firm SNE Research, making it the world39;s topranked battery maker. CATL, which makes batteries for Tesla, BMW, Volkswagen, Xiaomi and Nio, priced 62.4 million new H shares at HK628.20 each, the bottom of its marketed range, according to a stock exchange filing on Tuesday. The shares were sold at a 7 discount to Monday39;s closing price of HK675.50. The stock opened down 6.7 on Tuesday and dropped 7.6 to HK624 closer to midday. The fundraising is the largest equity offering in Hong Kong so far this year and the biggest in the financial hub since CATL39;s own 5.25 billion listing last May, the world39;s biggest share offering in 2025, according to LSEG... https://www.gurutrade.com/news/catl-eyes-5b-hong-kong-raise-on-green-energy-boom-1777394243.html Tue, 28 Apr 2026 08:30:49 +0300 https://www.gurutrade.com/news/critical-metals-agrees-to-buy-european-lithium-for-about-835m-1777360730.html Reuters U.S.based miner Critical Metals has signed a letter of intent to purchase all outstanding shares of European Lithium in an about 835 million deal, a move that would secure its full ownership of Greenland39;s Tanbreez rare earth project. Shares of Critical Metals, which currently holds a 92.5 interest in one of the world39;s largest known rare earth deposits, jumped more than 6 after the announcement on Monday. Mining and development company European Lithium owns the remaining 7.5 in the project. The Tanbreez project is seen as a critical alternative source of heavy rare earths, used in electric vehicles, medical equipment, oil refining, wind turbines and defense, as Western nations work to reduce their reliance on China for these vital resources. Critical Metals said the complete ownership of Tanbreez would simplify decisionmaking and financing strategy for the project as it advances toward a development decision. Late last year, Reuters reported that the Trump administration had discussed taking a stake in Critical Metals, which would give Washington a direct interest in the Tanbreez project. Critical Metals, spun out of European Lithium by combining its flagship Wolfsberg project in Austria with a special purpose acquisition corporation, dubbed Sizzle, commenced trading in 2024. Under the latest deal, expected to be completed in the second half of this year, European Lithium shareholders would receive 0.035 shares of Critical Metals for each held. The two... https://www.gurutrade.com/news/critical-metals-agrees-to-buy-european-lithium-for-about-835m-1777360730.html Tue, 28 Apr 2026 07:30:17 +0300 https://www.gurutrade.com/news/fitch-cuts-enel-brasil-on-sao-paulo-concession-loss-risk-1777362705.html MILAN, April 27 Reuters Fitch has downgraded the credit rating of Enel Brasil, a unit of Italian utility Enel, citing rising uncertainty over the renewal of the subsidiary39;s main distribution concession in the South American country. The agency said late on Friday it assigned a negative outlook on all corporate ratings of the unit. Fitch cut Enel Brasil S.A.39;s national longterm rating to AAbra from AAAbra and removed its negative watch. The downgrade also applies to subsidiaries Eletropaulo Metropolitana Eletricidade de Sao Paulo Enel Sao Paulo Ampla Energia e Serviços S.A. Enel Rio and Companhia Energética do Ceara Enel Ceara. Brazil39;s energy regulator earlier this month started an administrative process to potentially revoke Enel39;s Sao Paulo39;s power concession, which expires in 2028, citing alleged structural failures in the provision of services following extreme weather events in recent years. Enel has another opportunity to present its defence before the regulator decides whether to recommend to the federal government that the concession be revoked. Fitch said a potential loss of the licence would significantly weaken operating efficiency and profitability at Enel Brasil. The Italian group has assets worth about 3.34 billion euros and 595 million euros in goodwill tied to a power concession in Brazil which it may lose, its auditors said in the group39;s annual report. As of December 2025, Enel Sao Paulo39;s thirdparty debt stood at 8.4 billion... https://www.gurutrade.com/news/fitch-cuts-enel-brasil-on-sao-paulo-concession-loss-risk-1777362705.html Mon, 27 Apr 2026 04:20:54 +0300 https://www.gurutrade.com/news/space-analytics-firm-hawkeye-targets-2-4b-valuation-in-us-ipo-1777295827.html April 27 Reuters HawkEye 360 is targeting a valuation of up to 2.42 billion in its initial public offering in the United States, the space analytics company said on Monday, as it looks to capitalize on a rebound in the listings market. The Herndon, Virginiabased firm is seeking to raise up to 416 million by offering 16 million shares priced between 24 and 26 apiece. The IPO market has regained momentum with several big names announcing their intention to list their shares in New York, after the first few months of 2026 saw volatile equity markets and escalations in the Middle East. Elon Musk39;s SpaceX confidentially filed for a U.S. initial public offering earlier this month, opening the door for more companies to tap public markets and giving spacetechnology firms a confidence boost to move ahead with their listing plans. Clearly the IPO market is open to the aerospace and defense industry, and HawkEye 360 is looking to take advantage of that, said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPOfocused research and ETFs. I can imagine spacetech CFOs telling themselves If it39;s a good enough time for SpaceX, it39;s good enough for us. HawkEye 360, founded in 2015, is a geospatial analytics company that provides spacebased radio frequency RF intelligence and data services. The U.S. government and allied nations account for the bulk of its revenue. The company operates a constellation of satellites that detect, geolocate and analyze... https://www.gurutrade.com/news/space-analytics-firm-hawkeye-targets-2-4b-valuation-in-us-ipo-1777295827.html Mon, 27 Apr 2026 03:40:03 +0300 https://www.gurutrade.com/news/india-s-paytm-trims-loss-analysts-see-low-hit-from-ban-1777285096.html April 27 Reuters Shares of Indias One 97 Communications, commonly known as Paytm, recouped most losses on Monday afternoon, as analysts said the cancellation of an associate firm39;s payment bank licence would have a limited impact on the fintech company. The stock initially fell as much as 8.4 in its biggest intraday drop in more than three months, but came off lows to trade 1.5 lower by midday. India39;s central bank on Friday cancelled the licence of the associate firm, Paytm Payments Bank, saying that the general character of the management of the bank is prejudicial to the interest of depositors as also the public interest. One 97 holds a 49 stake in Paytm Payments Bank, with the remaining 51 held by Vijay Shekhar Sharma, the founder of Paytm. A payment bank licence allows an entity to take small deposits and facilitate money transfers but does not permit lending. We do not see any financial or operational impact on Paytm, as all commercial agreements with PPBL were terminated and the equity investment was fully impaired by March 2024, analysts at Emkay Capital said. While the tone of the order is severe, Paytm is legally ringfenced. The central bank had imposed business curbs on Paytm Payments Bank in January 2024, ordering the lender to stop accepting deposits due to what it said at the time was noncompliance with rules, including those on customer due diligence, fund use, and technology infrastructure. The firm39;s business has since dwindled. While... https://www.gurutrade.com/news/india-s-paytm-trims-loss-analysts-see-low-hit-from-ban-1777285096.html Mon, 27 Apr 2026 12:10:50 +0300 https://www.gurutrade.com/news/france-s-edf-invests-117m-in-nuclear-reactor-parts-factory-1777289654.html PARIS, April 27 Reuters French stateowned utility EDF will invest nearly 100 million euros 117.33 million in a new factory operated by its subsidiary Arabelle Solutions to develop parts for nuclear reactor projects, it said late on Sunday. The factory in SaoneetLoire in eastern France will produce heat exchangers for future nuclear reactors, with the first equipment manufacturing planned from 2030, EDF said. EDF plans development of six nuclear reactors over the coming decades, with the first expected to enter service in the late 2030s. Plans are also in place to develop an additional eight reactors to replace France39;s ageing nuclear fleet. The company39;s recent projects have faced delays and cost overruns, so it is hoping to develop a panEuropean supply chain and build the reactors in a series, using experience gained with each project to make the next one quicker. 1 0.8523 euros Reporting by Forrest Crellin Editing by David Goodman Source Reuters https://www.gurutrade.com/news/france-s-edf-invests-117m-in-nuclear-reactor-parts-factory-1777289654.html Mon, 27 Apr 2026 11:00:45 +0300 https://www.gurutrade.com/news/india-s-axis-bank-slips-on-profit-miss-2b-equity-fundraise-1777281401.html April 27 Reuters Axis Bank shares fell as much as 4.8 on Monday after the Indian lender39;s quarterly earnings declined due to lower treasury income and higher provisions, with a planned 2 billion equity fundraise adding to the pressure. The stock, down 3.6 at 1,317 rupees as of 1208 p.m. IST, was the top percentage loser on benchmark Nifty 50 and the Nifty Bank, which were up 0.6 and flat, respectively. On Saturday, the country39;s thirdlargest private lender by market capitalisation posted a fourthquarter net profit of 70.71 billion rupees 750.6 million against 71.18 billion rupees a year earlier. Analysts had expected a profit of 73.16 billion rupees, according to data compiled by LSEG. Earnings visibility for Axis Bank is improving, aided by stable asset quality and moderating credit costs, ICICI Securities said in a note. The bank39;s continued tilt toward wholesale lending may keep net interest margins under pressure until mix normalisation plays out, the brokerage said. Axis Bank39;s 19 loan growth in the fourth quarter outpaced HDFC Bank39;s 12 rise and ICICI Bank39;s 15.9 growth. However, provisions and contingencies more than doubled due to a voluntary exercise and were not tied to any falling asset quality or other adverse concern, the lender said. Axis Bank made a onetime provision of 20 billion rupees for macro risks, including potential stress from the Middle East conflict, though CLSA said the impact was effectively offset by a 21 billion rupee tax... https://www.gurutrade.com/news/india-s-axis-bank-slips-on-profit-miss-2b-equity-fundraise-1777281401.html Mon, 27 Apr 2026 10:30:22 +0300 https://www.gurutrade.com/news/galp-core-profit-jumps-41-on-higher-output-and-crude-prices-1777276227.html LISBON, April 27 Reuters Portugal39;s Galp Energia reported a 41 jump in firstquarter adjusted core profit on Monday, beating expectations on higher oil output in Brazil and stronger crude prices. The energy firm reported adjusted earnings before interest, taxes, depreciation and amortisation EBITDA of 943 million euros 1.11 billion, surpassing the companyprovided consensus of 890 million euros. Earnings from extracting crude from rich offshore Brazilian fields, its main business, rose 78 to 685 million euros in the quarter, benefiting from the combined effect of increased oil output and a higher average Brent price, it said in a statement. Galp said its share of oil and gas production from its projects in Brazil rose 23 to 129,000 barrels per day in the first quarter, supported by the startup of a floating production, storage and offloading vessel at the Bacalhau field in the Santos Basin in midOctober. It said Brent crude prices rose to an average of 81.1 per barrel in the quarter from 75.7 last year. Galp39;s adjusted net profit rose also 41 to 272 million euros in the quarter, in line with estimates. 1 0.8529 euros Reporting by Sergio Goncalves; Editing by Louise Heavens Source Reuters https://www.gurutrade.com/news/galp-core-profit-jumps-41-on-higher-output-and-crude-prices-1777276227.html Mon, 27 Apr 2026 09:50:42 +0300 https://www.gurutrade.com/news/cucinelli-tightens-sanctions-checks-following-allegations-1777055328.html Adopted stricter sanctions compliance and monitoring in December Move follows allegations of EU sanctions violations in Russia Cucinelli has denied the allegations Cucinelli reaffirmed it is fully compliant with EU sanctions MILAN, April 24 Reuters Luxury group Brunello Cucinelli has strengthened its controls to monitor compliance with European Union sanctions on Russia, its 2025 annual report shows, following allegations last year that it breached export restrictions. In the report, approved by shareholders on Thursday, the Italian cashmere maker said its board adopted a strengthened trade compliance procedure on December 10, after commissioning a risk assessment and gap analysis by an external law firm. The procedure applies to both wholesale and retail sales channels and is designed to reinforce controls around sanctions screening, reexport risks and potential circumvention, the company said in the report. Asked for a comment, Cucinelli reaffirmed that it is fully compliant with EU sanctions related to operations in the Russian market and it has further strengthened its trade compliance procedures. The disclosure comes after U.S. short seller Morpheus Research alleged in September that the brand continued selling luxury goods in Russia in violation of EU sanctions, triggering a sharp selloff in the stock. Cucinelli has repeatedly denied any wrongdoing. The company promptly and firmly confirmed its full compliance with European Union sanctions regulations... https://www.gurutrade.com/news/cucinelli-tightens-sanctions-checks-following-allegations-1777055328.html Fri, 24 Apr 2026 06:30:57 +0300 https://www.gurutrade.com/news/p-g-warns-of-1b-profit-hit-on-high-oil-prices-for-fy27-1777053496.html Annual EPS to be at the lower end of range on higher input costs Hair care, beauty lead volume growth in third quarter Shares up 3.6 after Q3 results beat expectations April 24 Reuters U.S. consumer goods giant Procter Gamble on Friday warned of a roughly 1 billion posttax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures from the Iran war. The Pampers and Tide maker39;s estimated profit hit is among the highest outside of airlines, which rely heavily on oil for fuel. European rival Nestle has warned of higher costs due to the Strait of Hormuz blockade, while Niveamaker Beiersdorf is considering price hikes later this year if commodity costs continue to rise. The noise, I would call it, from the commodity exposure is significant, as a billion dollars after tax is nothing to sneeze at from a headwind standpoint, said PG finance chief Andre Schulten on a postearnings call. We have a lot of work to do, to work through the supply chain side and the cost side. The profit hit to PG39;s fiscal year beginning July accounts for the impact of oil price jumping from 60 a barrel before the conflict to around 100 today on plastics and paper for packaging, as well as transportation charges, the company said. PG said it was wellplaced to manage the challenges, including some force majeure declarations by direct suppliers that were no longer able to carry out deliveries. COMMODITY COST PRESSURE PG,... https://www.gurutrade.com/news/p-g-warns-of-1b-profit-hit-on-high-oil-prices-for-fy27-1777053496.html Fri, 24 Apr 2026 06:10:36 +0300 https://www.gurutrade.com/news/intel-soars-on-signs-ai-boom-for-cpus-is-here-1777052705.html Intel shares jump 28 premarket, set to open at record At least 14 brokerages lift price targets postresults April 24 Reuters Demand for Intel39;s central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company39;s shares soaring on Friday. The stock surged more than 24 to 83 in early trading, surpassing its dotcom era peak in 2000 and taking the company39;s market value above 416 billion. Rival AMD and Arm also gained more than 11 each on growing conviction that inference the process by which artificial intelligence answers user queries could restore central processing units to the heart of the industry after years of being eclipsed by graphics chips used in AI training. Nvidia, the graphics chip giant that has dominated the AI boom, has also sensed the shift and braced for greater competition. It unveiled last month a new central processor, a rare move into territory it had long ceded to rivals. Its shares were up more than 1 on Friday. At least 23 brokerages raised their price targets on Intel39;s stock following the betterthanexpected firstquarter results and a sales forecast above estimates, with HSBC pointing to growing demand for Intel39;s Xeon server CPUs used in AI data centers. The stock currently has a median price target of 75, up from 46.50 a month ago. Intel CFO David Zinsner said the forecast was partly driven by higher... https://www.gurutrade.com/news/intel-soars-on-signs-ai-boom-for-cpus-is-here-1777052705.html Fri, 24 Apr 2026 05:50:32 +0300 https://www.gurutrade.com/news/l-oreal-chairman-says-coty-lacks-business-model-1777049781.html PARIS, April 24 Reuters The chairman of French cosmetics group L39;Oreal dismissed any comparison with struggling beauty group Coty on Friday, adding that the smaller company had no business model at all. Let39;s just say that I think there simply isn39;t a model at Coty, and therefore there39;s nothing to say about it, said JeanPaul Agon, in response to a shareholder39;s question. Coty, which its fullyear guidance in February and warned on its thirdquarter profits, is reviewing options for its makeup brands under interim CEO Markus Strobel who has been tasked with turning around the company39;s performance. Reporting by Dominique Patton Editing by Tomasz Janowski Source Reuters https://www.gurutrade.com/news/l-oreal-chairman-says-coty-lacks-business-model-1777049781.html Fri, 24 Apr 2026 03:10:23 +0300 https://www.gurutrade.com/news/samsung-chip-output-falls-as-workers-protest-pay-union-1777033774.html SEOUL, April 24 Reuters Samsung Electronics39; production of foundry and memory chips at its facilities in South Korea dropped 58 and 18, respectively, during the overnight shift on Thursday as unionised workers attended a protest demanding higher wages, the company39;s union said. Many workers, who joined protest on Thursday at a factory complex in Pyeongtaek, south of Seoul, skipped the overnight shift from 10 p.m. Thursday to 6 a.m. Friday at the company39;s South Korean production facilities after the protest, according to the union. Samsung39;s factories are scheduled to operate 24 hours a day on three shifts, the union said. Samsung declined to comment. Reporting by Hyunjoo Jin Editing by Tomasz Janowski and Susan Fenton Source Reuters https://www.gurutrade.com/news/samsung-chip-output-falls-as-workers-protest-pay-union-1777033774.html Fri, 24 Apr 2026 02:30:11 +0300 https://www.gurutrade.com/news/freeport-shares-dive-8-on-flagship-indonesia-mine-delay-1777022333.html Grasberg restart delayed due to wetterthanexpected ore Company installing 39;spillminators39; to prevent mud rushes Shares drop 8.4 to 64.40 in afternoon trading on NYSE Company not currently worried about sulfuric acid supply; may worry in 2027 Reuters FreeportMcMoRan, the world39;s largest publicly traded copper producer, said on Thursday it expects a slowerthananticipated recovery at its flagship Grasberg mine in Indonesia after a fatal flood last year disrupted operations, sending its shares down more than 8. The Phoenixbased company now expects only about 65 of production at Grasberg, the world39;s secondlargest copper mine and largest gold mine, to be restored by the second half of the year, down from a previous forecast of 85. The delay was announced amid a global surge in copper demand due to growth in the artificial intelligence and power generation industries, meaning that Freeport is not fully able to meet that need. Copper, one of the best electricityconducting metals, is used worldwide in motors, computers, batteries and wiring. PRODUCTION RECOVERY DELAY The Grasberg delay is tied to changes the company is making to equipment that helps in the loading of ore onto trains. The underground mine39;s ore had grown unexpectedly wetter due to groundwater since it was idled in September, requiring the installation of spillminators, specialized mining chutes designed by South Africa39;s CAN Engineering Worx that can help defend against mud rushes. We... https://www.gurutrade.com/news/freeport-shares-dive-8-on-flagship-indonesia-mine-delay-1777022333.html Fri, 24 Apr 2026 07:30:30 +0300 https://www.gurutrade.com/news/bp-investors-reject-board-plans-chair-support-hits-low-1776955878.html Chair faced opposition for excluding climate activist resolution CEO stressed strengthening balance sheet, investment discipline BP Chair received 81.8 support, initial results showed LONDON, April 23 Reuters BP39;s new Chief Executive and Chair failed to get shareholder backing for two boardproposed resolutions at their first public outing at Thursday39;s annual general meeting, initial results showed. Chair Albert Manifold, whose appointment received lowerthantypical support, said the group did not receive the necessary number of votes to pass resolutions which would have permitted virtual AGMs and allowed BP to scrap two previous resolutions requiring companyspecific climate disclosures. The meeting marked the first major test for BP under its new leadership after BP39;s strategy revamp about a year ago, funnelling billions of dollars of spending from lowcarbon projects into oil and gas. While we appear to have overwhelming support for the direction of travel for the company, it seems very clear that the two special resolutions one relating to our articles and one relating to historic resolutions have not reached a simple majority, Manifold told investors at the AGM. Manifold, who became chair in October and has underscored the need to further reshape BP39;s portfolio to boost profitability, received 81.8 support, initial results showed. Board members need 50 of votes to be elected and typically achieve tallies near 100. Manifold39;s predecessor Helge Lund... https://www.gurutrade.com/news/bp-investors-reject-board-plans-chair-support-hits-low-1776955878.html Thu, 23 Apr 2026 05:00:05 +0300 https://www.gurutrade.com/news/essilorluxottica-slips-on-smart-glasses-growth-doubts-1776962312.html April 23 Reuters EssilorLuxottica39;s shares fell on Thursday after the eyewear maker reported broadly inline quarterly results, doing little to revive a stock already under pressure amid lingering doubts over a demanding outlook and growth in smart glasses. Its shares were down around 5 in Paris, making it the biggest faller on the bluechip CAC 40 index, after the FrancoItalian group said revenue rose 10.8 at constant exchange rates in the first quarter of 2026. RayBan and Oakley were the topperforming frame brands, boosted by AIenabled glasses developed in partnership with Meta, the company said. Italian brokerage Equita said the results reassured on nearterm slowdown risks, though longerterm uncertainties remain. The questions about competitive pressure on wearables, the contribution to growth of other strategic projects and the resilience of consumption on traditional business remain open and to be monitored, Equita analyst Domenico Ghilotti wrote. Morgan Stanley said April trading was broadly in line with the first quarter, easing concerns over exit rates and current conditions. On Wednesday, the company confirmed the outlook given in February, which foresees solid total revenue growth over the next five years and broadly aligned growth in adjusted operating profit. Kepler Cheuvreux said that while the group reaffirmed its growth outlook, expectations for the 2026 fiscal year imply more than 13 growth in the coming quartersa demanding target given tougher... https://www.gurutrade.com/news/essilorluxottica-slips-on-smart-glasses-growth-doubts-1776962312.html Thu, 23 Apr 2026 03:30:31 +0300 https://www.gurutrade.com/news/netflix-announces-25-billion-share-buyback-1776943559.html April 23 Reuters Netflix said on Thursday its board has authorized an additional 25 billion share repurchase program, resuming capital returns after the streaming giant walked away from a 72 billion deal to buy Warner Bros Discovery39;s assets. Its shares rose 1.5 in premarket trading. The new authorization is on top of a buyback approved in December 2024 and has no expiration date. Netflix had about 6.8 billion remaining under its previous buyback plan as of March end. In the two months since it walked away from the Warner Bros merger race, Netflix has rolled out a series of growth initiatives, including the acquisition of Ben Affleck39;s AI filmtech firm InterPositive, raised subscription prices in the U.S. and launched a gaming app for kids. Analysts expect the company to refocus on growth areas including advertising, live programming and sports, as it looks to scale its adsupported tier, which is seen as key for future revenue growth. Last week, Netflix provided a tepid forecast for the second quarter and said its cofounder and Chairman Reed Hastings will exit the company in June. The company had previously said it planned to resume share repurchases while investing about 20 billion this year in films and television. Reporting by Harshita Mary Varghese in Bengaluru; Editing by Tasim Zahid Source Reuters https://www.gurutrade.com/news/netflix-announces-25-billion-share-buyback-1776943559.html Thu, 23 Apr 2026 02:10:53 +0300 https://www.gurutrade.com/news/unicredit-lifts-generali-stake-to-8-7-in-surprise-move-1776959504.html MILAN, April 23 Reuters Italian bank UniCredit holds a stake of 8.72 in Generali, the insurer39;s Chairman Andrea Sironi said on Thursday as he listed the holdings of investors at its annual general meeting AGM. The future of Generali, Italy39;s biggest insurer, has become a focus of interest in a consolidation wave sweeping Italian finance and rival factions have long tussled over its governance. UniCredit had built a stake of 6.7 ahead of last year39;s Generali AGM, where it sided with a rebel investor. It said at the time it was a financial investment and has since spoken of reducing its stake so the higher figure came as a surprise. UniCredit Chief Executive Andrea Orcel repeatedly said last year the bank would cut its exposure to Generali. In the meantime, Generali39;s biggest investor, merchant bank Mediobanca, has been taken over by Monte dei Paschi di Siena and the repercussions for the insurer are not yet clear. MPS CEO Luigi Lovaglio has said the Generali stake is a nice to have for the MPSMediobanca group. Orcel told a financial conference last June that UniCredit would gradually reduce its Generali investment and exit it over time. UniCredit currently has a lot on its plate with its pursuit of Commerzbank, Germany39;s secondlargest lender. In October, Orcel told analysts the net stake in Generali had been reduced below 5, and the net exposure was less than 2 when also including hedging contracts UniCredit had taken out. He said at the time the stake was... https://www.gurutrade.com/news/unicredit-lifts-generali-stake-to-8-7-in-surprise-move-1776959504.html Thu, 23 Apr 2026 01:50:53 +0300