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A person walks pass some vendors on the street at a market in Bangkok, Thailand, September 26, 2019.

Thai banks to cut rates by 25 bps for 'vulnerable groups', bankers' association says

Reuters |Updated 4 minutes ago |1 min read

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 ...

The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024.

Equinor Q1 profit beats forecast

Reuters |Updated 4 minutes ago |1 min read

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 ...

People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022.

LG Display returns to quarterly loss on drop in off-season demand

Reuters |Updated 5 minutes ago |1 min read

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 ...

A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022.

Toyota to delay EV production launch in US to 2026, Mid Japan Economist reports

Reuters |Updated 15 minutes ago |1 min read

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 ...

A welding robot assembles bodyworks on a Yaris car at the assembly line of the Toyota Motor Manufacturing France (TMMF) plant in Onnaing near Valenciennes, France, March 30, 2023.

Toyota hits record output, sales in FY2023/24

Reuters |Updated 25 minutes ago |1 min read

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.

A general view of the BASF chemical industry company in Schwarzheide, Germany, November 1, 2022.

BASF post slight Q1 earnings drop but beats forecast

Reuters |Updated 4 minutes ago |1 min read

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 ...

A worker attends to machinery at a smelter plant at Anglo American Platinum's Unki mine in Shurugwi, Zimbabwe, May 16, 2019.

BHP to reshape copper market with Anglo bid

Reuters |Updated 25 minutes ago |2 min read

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, ...

A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023.

Morning Bid: Gearing up for the tech roller-coaster ride

Reuters |Updated 25 minutes ago |2 min read

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 ...

The logo of Tencent is seen at Tencent office in Shanghai, China December 13, 2021.

Toyota says to partner with Tencent in China

Reuters |Updated 25 minutes ago |1 min read

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 ...

A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019.

Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg says

Reuters |Updated 35 minutes ago |1 min read

(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 ...

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