Business - Page 178

Italian energy giant Eni (ENI.MI) announced an optimistic outlook for its full-year earnings before interest and taxes (EBIT) and cash flow, accompanied by an accelerated share buyback program. This news came on

German Chancellor Olaf Scholz has emphasized the significance of Siemens Energy, labeling it a “very important” company during a period of intense talks regarding state guarantees. The economy ministry has also confirmed

Newmont (NEM.N) reported third-quarter earnings below Wall Street expectations due to production challenges stemming from a labor strike at its Penasquito mine in Mexico. The world’s largest gold miner had to suspend

United Parcel Service (UPS) has revised its 2023 revenue forecast downwards for the second consecutive quarter due to a continued softening in delivery demand in the lead-up to the crucial holiday season.

BP’s electric vehicle (EV) charger division, BP Pulse, is set to invest $100 million in Tesla’s ultra-fast chargers for deployment in the United States, marking the first instance of Tesla chargers being

Covestro, the renowned plastics and chemicals manufacturer based in Germany, has made a surprising announcement regarding its share buyback program. The company, currently engaged in discussions with the Abu Dhabi National Oil

3M Co (MMM.N) has bolstered its full-year adjusted profit outlook and posted robust quarterly earnings, as the diverse manufacturing giant adeptly navigated sluggish demand through strategic price hikes and cost-cutting measures. Consequently,

UniCredit, the Italian banking giant, has outperformed profit expectations for the third quarter, although it remains cautious amid uncertainties in the financial landscape. Despite the boost from rising interest rates that has

Dow Inc (DOW.N) provided a cautious outlook for its net sales in the current quarter, falling short of analyst expectations due to persistent challenges in key markets characterized by weak demand and