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Thai banks to cut rates by 25 bps for 'vulnerable groups', bankers' association says
BANGKOK (Reuters) - Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, the country's Bankers' Association said on Thursday. The decision came after Prime Minister Srettha Thavisin said this ...
Equinor Q1 profit beats forecast
OSLO (Reuters) - Equinor on Thursday posted higher-than-expected profits for the first quarter and said this was driven by high production in its native Norway and strong operational performance. The Norwegian oil and gas producer's adjusted ...
LG Display returns to quarterly loss on drop in off-season demand
SEOUL (Reuters) - South Korean flat-screen maker LG Display returned to an operating loss in the first quarter, hit by weakening demand for large display panels for TVs and small panels for smartphones. The Apple supplier posted an operating ...
Toyota to delay EV production launch in US to 2026, Mid Japan Economist reports
TOKYO (Reuters) - Toyota Motor will delay the start of its electric vehicle (EV) production in the U.S. to the spring of 2026 from the proposed 2025 timing, the Mid Japan Economist newspaper said on Thursday. The automaker will also reduce its ...
Toyota hits record output, sales in FY2023/24
TOKYO (Reuters) - Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, thanks to robust demand in each region and the lack of semiconductor supply constraints it had to endure in recent years.
BASF post slight Q1 earnings drop but beats forecast
BERLIN (Reuters) - Germany's BASF said first-quarter adjusted earnings fell 5.3% compared with the same quarter last year, to 2.7 billion euros ($2.89 billion), but still came in above analysts' consensus. In a statement on Thursday, the German ...
BHP to reshape copper market with Anglo bid
MELBOURNE (Reuters) - London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally. The deal, ...
Morning Bid: Gearing up for the tech roller-coaster ride
A look at the day ahead in European and global markets from Ankur Banerjee Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from Facebook parent Meta Platforms sparked a broad sell-off across regions. Meta's ...
Toyota says to partner with Tencent in China
BEIJING (Reuters) - Toyota Motor will partner with tech giant Tencent in China, it said on Thursday, as it looks to expand its position in the competitive auto market. The world's largest automaker by volume made the announcement as it unveiled ...
Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg says
(Reuters) - Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg News reported, citing people familiar with the ...