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Eurasia Recent News

What's Going On With Sify Technologies Stock Monday?
Sify Technologies announced Q4 revenue of INR9.64 billion, missing consensus of $149.30 million. EBITDA improved 11.4% and cash balance was INR5.84 billion.
Quanex Makes Billion-Dollar Move: Acquires Construction Solution Provider Tyman
Quanex Building Products expands its global reach with the acquisition of Tyman plc, bolstering its position as a premier supplier of building solutions. With a $1.1 billion enterprise value, this move enhances Quanex's geographic presence and product diversity, promising lucrative growth opportunities for investors.
BP's New Approach: Streamlines Structure For Efficiency And Clarity
BP (NYSE: BP) simplifying organizational structure, integrating regions & functions, while retaining financial reporting structure.
Oracle Bets Big On Japan's Cloud Boom With $8B Investment
Oracle Corp. (NYSE: ORCL) plans to invest $8B in Japan for cloud computing & AI infrastructure, supporting customers' digital sovereignty needs.
Shell Defends Climate Goals, Rejects Shareholder Resolution As Damaging
Shell rejects shareholder resolution for tighter climate targets, stating it goes against good governance and could have negative impact on customers and energy security.
Turkey's Aviation Ambitions Soar With $20B Rolls-Royce, Airbus Agreement: Report
Turkish Airlines is reportedly poised to ink a deal with Rolls-Royce Holdings Plc (OTC:RYCEY) (OTC: RYCEF and Airbus SE (OTC: EADSY) for local aircraft component production, estimat
What's Going On With Ryanair Shares Today?
Ryanair Holdings shares surge on Boeing's 40-jet delivery promise by mid-July, aligning with CEO O'Leary's statement. Ryanair anticipates 35 planes by June's end and 5 more in early July.
French Fashion Giant LVMH Records 3% Organic Revenue Growth In Q1: Details
LVMH-Moet Hennessy Louis Vuitton records €20.7 billion revenue in Q1 FY24, with organic growth at 3%. Despite a 2% decline, the Fashion & Leather Goods business group sees a 2% organic revenue increase, while the Perfumes & Cosmetics business group records 7% organic growth.
Why XPeng Shares Are Rising Today
XPeng shares surge as the company partners with Volkswagen for technical collaboration on EV platform architecture in China, enhancing competitiveness.
What's Going On With Toyota Shares After Recalling 211,000 Prius Cars Owing To Door Handle Issues?
Toyota shares are dropping in premarket trading after the company recalls 211,000 Prius cars due to door handle issues, posing safety risks.
Morgan Stanley To Slash Jobs In Asia-Pacific Region: Report
Morgan Stanley to cut 50 jobs in Asia-Pacific amid revenue decline. The reductions, affecting 13% of regional bankers, primarily target Hong Kong and China. Find out more about the impact on the region's financial landscape.
Stellantis CEO Warns Of Challenging Year Amid Rising Prices: Report
Amidst rising pricing pressures, Stellantis CEO Carlos Tavares warns shareholders of a challenging year ahead. With elevated raw material costs and labor disputes, the carmaker navigates a fiercely competitive market.
Adidas Boosts Outlook On Strong Q1 Results: Details
Adidas AG reported preliminary results for the first quarter of 2024, with an 8% increase in currency-neutral revenues. In euro terms, revenues grew 4% to €5.458 billion in the quarter.
Why HSBC Holdings Shares Are Falling Today
HSBC Holdings shares dip as the company announces job cuts in its Asia investment bank amid declining dealmaking and slow market conditions in Hong Kong and China.
Tesla's Chinese Rival BYD Dives Into Luxury SUV Market, Unveiling Super 3 And Bao 8 Models To Rival Jaguar Land Rover
BYD, Tesla's Chinese competitor, unveils luxury SUVs Super 3 and Bao 8 to rival Jaguar Land Rover, signaling a bold move into high-end markets.
Nissan Embraces Gigacasting Process To Bolster Its Efficiencies: Report
Nissan Motor reportedly announces a bold shift towards gigacasting, mirroring Tesla's innovation strategy. By 2027, Nissan aims to roll out EVs boasting rear floors crafted with 6,000-ton force machines, slashing production costs by 10%.
Honda's Next-Gen EV Lineup: Plans 'Ye' Series Rollout In China
Honda Motor unveils its ambitious plan to launch six electric vehicle (EV) models under the 'Ye' brand in China by 2027. Featuring cutting-edge technology and the exclusive "H mark" design, these models promise enhanced driving performance and sustainability.
What's Going On With Italian Energy Company Eni Shares Today?
Eni reportedly plans to sell minority stakes in biofuel and bio-plastic units, aiming for EUR1.3B. It may also set up separate entities for greener businesses.
International Paper Acquires Packaging Firm DS Smith; Eyes Secondary Listing On London Stock Exchange
International Paper secures a $9.9 billion deal to acquire DS Smith Plc, forming a powerhouse in sustainable packaging. The arrangement, valued at 415 pence per DS Smith share, will see IP issuing 0.1285 shares for each DS Smith share, resulting in 66.3% ownership for IP shareholders and 33.7% for DS Smith shareholders.
Why Ericsson Shares Are Higher Premarket Tuesday
Ericsson reports Q1 FY24 results with sales declining 15% Y/Y. Gross margin improves, EPS beats consensus. Outlook remains cautious.
BP Trims Workforce In Its EV Charging Business: Report
BP Pulse, the electric vehicle charging business of BP, reportedly plans to cut over 10% of its workforce as it focuses on US, UK, Germany, and China markets.
Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal
Encore Wire to be acquired by Prysmian for $290 per share in cash. Transaction expected to close in second half of 2024, generating ~€140 million in EBITDA synergies.
Group 1 Makes Power Move in UK Market with Inchcape Auto Dealerships Buy Out
Group 1 Automotive to acquire Inchcape's U.K. dealerships for $439M in all-cash deal. Deal expected to close in Q3 2024.