MILAN (Reuters) – Italian energy services group Saipem said on Tuesday it would submit an updated strategic plan for approval by the board on March 15. Sapem, which presented its 2022-2025 plan last October, issued a surprise profit warning at the end of last month and pulled its outlook. The company, controlled by energy group…
By Aradhana Aravindan and Eric M. Johnson SINGAPORE/SEATTLE (Reuters) – Supply chain shortages and wage inflation are at the top of a list of concerns for aerospace companies attending a depleted Singapore Airshow amid tight health controls this week. Across aerospace, the suppliers that feed Boeing and Airbus factories are facing an acute shortage of…
MOSCOW (AP) — While the U.S. warns that Russia could invade Ukraine any day, the drumbeat of war is all but unheard in Moscow, where pundits and ordinary people alike don’t expect President Vladimir Putin to launch an attack on its ex-Soviet neighbor. The Kremlin has cast the U.S. warnings of an imminent attack as…
By Nick Carey and Ben Klayman FARNHAM, England (Reuters) – As traditional automakers prepare to churn out electric vans and trucks, startups are focused more than ever on finding a competitive or technological edge to stay on the road once their bigger rivals start moving through the gears. Spurred on by looming bans on combustion…
TOKYO (AP) — Asian shares rose Wednesday, buoyed by hopes for a diplomatic solution instead of a Russian invasion of Ukraine. But analysts warned the tensions were far from completely resolved, and the situation remains volatile. “In short, provided we get a further pause in geopolitics, we might be able to focus on worrying data…
AMSTERDAM (Reuters) – Dutch specialty chemicals maker DSM on Tuesday beat analyst expectations with a 13% jump in fourth-quarter core profit to 440 million euros ($497.95 million), as demand for its nutritional products remained strong despite higher prices. Analysts in a company-compiled poll on average had predicted adjusted earnings before interest, taxes, depreciation and amortisation…
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Tuesday as investors scooped up profits from the previous day’s rally to seven-year highs and as global stock markets slumped, although lingering concerns that Russia might invade Ukraine and disrupt energy supplies limited losses. Brent crude futures were at $96.04 a barrel by 0540 GMT,…
