By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied…
(Reuters) – U.S. stock index futures dipped on Friday as Amazon’s warning about a slowdown in its cloud business and downbeat forecasts from Snap and Pinterest dented Wall Street sentiment after a rally in the previous session. Amazon.com Inc shares slipped 1.1% in premarket trading as the company signaled its cloud growth would slow further,…
BRUSSELS (Reuters) – Chipmakers STMicroelectronics and GlobalFoundries on Friday secured EU approval to build a new chip factory with French state aid in France. The companies announced their plan in July last year, with the new facility to be situated next to STM’s existing plant in Crolles and targeted to reach full capacity by 2026,…
By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The Japanese yen fell to a nine-year low against the euro on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged even as it scrapped a pledge to keep interest rates low. The euro briefly rose to its highest level against the…
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks. Demand in Europe was still sluggish, but the German automaker expects that to…
By Iain Withers and Lawrence White LONDON (Reuters) -British bank NatWest posted better than expected profit for the first three months of 2023 as income soared 37%, even as inflation hammered households and fierce pricing competition squeezed the bank’s customer deposits. NatWest reported pretax profit of 1.8 billion pounds ($2.25 billion) for the first quarter,…
BERLIN (Reuters) -Mercedes-Benz lifted its outlook on Friday for the annual adjusted return on sales of its vans division to 11%-13% from 9-11% previously, and said it expected to hit the higher end of its 12%-14% forecast for returns in the cars division. Overall, global growth was likely to remain subdued, but inflation was gradually…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday as strong corporate earnings lifted sentiment despite lingering worries over economic weakness, while the yen dipped after the Bank of Japan kept rates ultra-low even as it announced a broad review of monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.45%…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.94% higher but remained on course to…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) will discuss on Friday conducting a comprehensive examination of its past monetary easing steps and revise its guidance on the future policy path, the Nikkei newspaper reported. While the central bank is widely expected to keep yield curve control (YCC) steady, any such move could…
