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A person rides a scooter with the skyline visible in the background, in Abu Dhabi, United Arab Emirates, September 27, 2023.

Exclusive-UAE planning second nuclear power plant, sources say

By Alexander Cornwell and Maha El Dahan DUBAI (Reuters) - The United Arab Emirates will tender shortly for the construction of a new nuclear power plant that would double the number of the small Gulf state's nuclear reactors, three sources ...

Updated 2 minutes ago |2 min read

Phillips 66 misses first-quarter profit estimates

Updated 2 minutes ago |1 min read

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022.

Intel falls as weak PC chip demand hurts second-quarter forecast

Updated 48 minutes ago |2 min read

Russian central bank holds rates at 16%, raises inflation forecast

Updated 51 minutes ago |2 min read

Aon first-quarter profit grows on gains from investments, funds

Updated 52 minutes ago |2 min read

China's Shein set to face tougher EU online rules

Updated 53 minutes ago |1 min read

Beer can maker Ball Corp lags sales estimates on slowing demand

Reuters |Updated 57 minutes ago |1 min read

(Reuters) - Beer can maker Ball Corp missed quarterly sales expectations on Friday, hit by lagging demand for its beverage cans as customers become more frugal in their spending. The world's largest supplier of beer cans is navigating a complex ...

The Exxon Mobil Corp building is pictured in Georgetown, Guyana February 18, 2022.

Exxon misses on Q1 profit despite big gains in Guyana

Sabrina Valle |Updated 2 minutes ago |3 min read

By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil ...

A Chevron gas station sign is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023.

Chevron reports Q1 profit beat

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes helped offset an impact from weak natural gas prices. The company, which is in the process of acquiring Hess Corp in a $53 billion ...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024.

Futures climb as Alphabet, Microsoft results lift megacaps

Reuters |Updated 1 hour ago |3 min read

(Reuters) - U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.S. monetary ...

A drone view shows BYD electric vehicles (EV) before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export to Brazil, at the port of Lianyungang in Jiangsu province, China April 25, 2024. China Daily via

Why BYD's EV exports sell for twice the China price

Ben Klayman, Nick Carey |Updated 1 hour ago |6 min read

By Nick Carey and Ben Klayman LONDON (Reuters) - U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China's top EV maker, BYD, has ...

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024.

Morning Bid: Big Tech see-saw flips positive, yen swings wildly

Reuters |Updated 2 hours ago |3 min read

A look at the day ahead in U.S. and global markets from Mike Dolan A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft and Alphabet earnings wowed the gallery overnight, while the yen plunged anew in Asia as ...

Russia's Yandex reports Q1 revenue rise as market awaits spin-off news

Reuters |Updated 2 hours ago |1 min read

MOSCOW (Reuters) - Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate ...

A view shows the European Central Bank (ECB) building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023.

Lending and consumer data cements case for ECB rate cuts

Reuters |Updated 2 hours ago |2 min read

FRANKFURT (Reuters) - Euro zone lending continued to stagnate in March and consumers trimmed their inflation expectations as record-high borrowing costs kept putting the brakes on the euro zone's economy, European Central Bank (ECB) reports ...

People walk past the Bank of Communications at its central branch in the financial district of Hong Kong August 19, 2009.

China's Bank of Communications Q1 profit rises 1.44%

Reuters |Updated 2 hours ago |1 min read

BEIJING/SHANGHAI (Reuters) - China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, ...

China's CITIC Securities Q1 profit falls on lower fee, broker income

Reuters |Updated 42 minutes ago |1 min read

BEIJING/SHANGHAI (Reuters) -CITIC Securities Co, China's biggest brokerage, reported on Friday that first-quarter net profit fell 8.5%, hit by the sluggish investment banking environment. Net profit fell to 4.96 billion yuan ($684.5 million) in the ...