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Rheinmetall closing in on multi-billion-euro ammunitions contract, CEO tells Reuters
Reuters· 2025-11-04 13:43
German defence giant Rheinmetall is in the final stages of negotiating a multi-billion-euro ammunitions supply contract, CEO Armin Papperger told Reuters in an interview on Tuesday. ...
India tribunal lifts WhatsApp data-sharing ban, upholds Meta fine
Reuters· 2025-11-04 13:39
An Indian appeals tribunal on Tuesday set aside an antitrust watchdog's five-year ban on Meta-owned WhatsApp sharing user data with other Meta entities for advertising, marking a partial win for the U... ...
CDW beats quarterly profit estimates on strong demand for its IT solutions
Reuters· 2025-11-04 13:36
Core Insights - CDW exceeded Wall Street profit estimates for the third quarter, driven by increased technology budgets from enterprise customers and a growing adoption of artificial intelligence in cloud services [1] Group 1: Financial Performance - CDW reported a profit that surpassed Wall Street expectations for the third quarter [1] - The increase in enterprise customers' technology budgets contributed significantly to the company's financial success [1] Group 2: Market Trends - There is a notable trend of enterprise customers embracing artificial intelligence and cloud adoption, which is positively impacting CDW's business [1]
Nvidia's top-end chips may be sold as tech evolves, Bessent says
Reuters· 2025-11-04 13:36
Core Viewpoint - U.S. Treasury Secretary Scott Bessent envisions a future where Nvidia's advanced Blackwell chips could be sold to China and other countries as technology continues to evolve [1] Group 1 - The potential for Nvidia's Blackwell chips to be sold internationally indicates a shift in technology accessibility [1] - The evolution of technology may lead to changes in export regulations and market dynamics for semiconductor companies [1]
TotalEnergies sees oil demand rising until 2040 as energy security outweighs climate concerns
Reuters· 2025-11-04 13:12
French oil major TotalEnergies sees global oil demand rising through 2040 before gradually dropping off, as political fragmentation and energy security concerns dampen the drive to reduce emissions and limit global warming, it said in its annual energy outlook report on Tuesday. ...
New $400 million Israel-Cyprus gas pipeline awaiting government approvals, Energean CEO says
Reuters· 2025-11-04 12:39
A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused g... ...
HSBC expects OPEC+ oil quota increases to accelerate later in 2026
Reuters· 2025-11-04 12:36
HSBC expects OPEC+ to accelerate oil output quota increases in the second and third quarters of 2026 as the producer group focuses on regaining market share, the bank said on Tuesday. ...
Fintech Broadridge's profit doubles on investor communications unit strength
Reuters· 2025-11-04 12:29
Fintech firm Broadridge Financial's first-quarter profit more than doubled on Tuesday, helped by strong growth in its investor communications solutions. ...
Stanley Black & Decker lowers annual profit forecast on higher production costs
Reuters· 2025-11-04 12:26
Core Viewpoint - Stanley Black & Decker has lowered its annual profit forecast due to increased production costs, resulting in a nearly 4% decline in its shares during premarket trading [1] Company Summary - The company has adjusted its profit outlook for the year, indicating challenges in managing production expenses [1] - The reduction in profit forecast has led to a negative market reaction, as evidenced by the drop in share price [1] Industry Summary - The news highlights the impact of rising production costs on companies within the power tools sector, suggesting potential challenges for other players in the industry [1]
Henry Schein lifts annual forecast on strong dental, medical equipment sales
Reuters· 2025-11-04 12:23
Medical equipment distributor Henry Schein raised its annual profit forecast after beating Wall Street estimates for third-quarter results on Tuesday, driven by strong sales in its dental and medical ... ...