Business

Semiconductor equipment maker ASML profit rises on record bookings

ASML Holding NV (ASML.AS) reported higher second-quarter net profit on Wednesday amid record new bookings as it kept shipping equipment to clients as fast as possible even though there were some indications of a slowdown in consumer markets. The Dutch company, a key supplier to computer chip makers, reported net profit of 1.41 billion euros […]

Business

TotalEnergies announces progress on Papua New Guinea LNG project

French company TotalEnergies (TTEF.PA) announced on Wednesday progress regarding its plans for a liquefied natural gas (LNG) project in Papua New Guinea. TotalEnergies said its Papua LNG joint venture had decided to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project’s upstream production facilities. Studies for the downstream […]

Business

Volvo Cars sees flat or lower retail sales this year

Volvo Cars (VOLCARb.ST) flagged a potential dip in retail sales this year after posting higher second-quarter profits. Supply problems, above all a global shortage of semiconductors, have squeezed output and retail sales in recent quarters, but Volvo said it was seeing a “marked improvement” in the stabilisation of its supply chain. The Sweden-based carmaker said […]

Business

Telia’s core earnings beat expectations on 5G demand

Nordic telecom operator Telia (TELIA.ST) reported on Wednesday quarterly core earnings that exceeded market expectations, helped by growth in its mobile business and a tight lid on costs. The company, which offers mobile connections, broadband and television services in Scandinavian countries and the Baltics, also repeated its 2022 forecast despite inflation boosting costs and it […]

Business

Factory shutdown to hit Barry Callebaut after 9-month sales rise

Barry Callebaut (BARN.S) expects a “notable financial impact” in its fourth quarter from the shutdown of its Wieze factory as the world’s biggest chocolate maker said on Wednesday that strong demand boosted sales in the nine months to May. Sales volumes grew 7.9% to 1,751 thousand tonnes in the first nine months of Barry Callebaut’s […]

Business

Exit from Taiwan lifts shares of French company Carrefour

Shares in French food retailer Carrefour (CARR.PA) rose 3% on Wednesday after it agreed to sell its remaining 60% stake in its Taiwan business, sparking hopes among some investors it could use the extra firepower to buy back shares. By 0702 GMT, Carrefour shares were up 3.01% at 17.48 euros. The transaction, which values Carrefour […]

Business

Russia is China’s top oil supplier for 2nd month, Saudi volumes tumble – data

Russia held its spot as China’s top oil supplier for a second month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia, data showed on Wednesday. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and […]