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Morgan Stanley CEO warns of market heading towards correction
Reuters· 2025-11-04 10:55
Core Viewpoint - Morgan Stanley CEO Ted Pick warned that global equity markets may be approaching a correction [1] Group 1 - The caution from Morgan Stanley's CEO indicates potential volatility in the equity markets [1]
Embraer's quarterly net profit slips, maintains full-year outlook
Reuters· 2025-11-04 10:32
Core Insights - Brazilian planemaker Embraer reported a third-quarter adjusted net income of $54.4 million, a significant decrease from $221 million in the same period last year, primarily due to extraordinary items such as deferred taxes [1] Financial Performance - The adjusted net income for the third quarter was $54.4 million, down from $221 million year-over-year, indicating a decline of approximately 75.4% [1] - The company cited extraordinary items, including deferred taxes, as a contributing factor to the reduced income [1]
Getty Images largely loses landmark UK lawsuit over AI image generator
Reuters· 2025-11-04 10:22
Core Point - Getty Images lost its landmark lawsuit against Stability AI regarding the use of its images in AI-generated content at London's High Court [1] Group 1 - The lawsuit centered around the legality of Stability AI's image generator and its implications for copyright [1] - The ruling may set a precedent for future cases involving AI and intellectual property rights [1] - The outcome highlights ongoing tensions between traditional media companies and emerging AI technologies [1]
From pickaxes to AI, COP30 host state holds past and future of Amazon mining
Reuters· 2025-11-04 10:08
Core Insights - Lucindo Lima, at 72 years old, reflects on the untold wealth he did not achieve from Brazil's Serra Pelada mine, a site known for its gold rush in the 1980s [1] Group 1 - The Serra Pelada mine gained fame during a significant gold rush in the 1980s, attracting many hopeful miners [1] - Lima's narrative highlights the personal stories and experiences of those involved in the mining industry during this period [1]
Exclusive: Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
Reuters· 2025-11-04 10:08
Core Viewpoint - Pakistan has reached an agreement to cancel 21 liquefied natural gas (LNG) cargoes from its long-term contract with Italy's Eni, aiming to reduce excess imports that have overwhelmed its gas network [1] Group 1: Company Actions - The cancellation of the 21 LNG cargoes is part of Pakistan's broader strategy to manage its gas supply and demand effectively [1] - This decision reflects Pakistan's efforts to address the challenges posed by an oversaturated gas network [1] Group 2: Industry Implications - The move may indicate a shift in the LNG market dynamics, particularly in how countries manage long-term contracts amid fluctuating demand [1] - It highlights the ongoing challenges faced by countries reliant on LNG imports, especially in balancing supply with domestic consumption needs [1]
Renault CEO calls for flexibility on EU CO2 targets
Reuters· 2025-11-04 09:37
Renault boss Francois Provost said on Tuesday no carmaker in Europe can meet emission targets on vans or cars by 2030, calling for flexibility on the European Union's CO2 targets. ...
Sarepta slumps as gene therapy setback adds to drug pipeline woes
Reuters· 2025-11-04 09:27
Shares of Sarepta sank 36% before the bell on Tuesday after a trial for two gene-targeted therapies for a muscle-wasting disease missed a key goal, deepening concerns about the company's treatment pip... ...
Germany property bank PBB falls to near record lows
Reuters· 2025-11-04 09:25
Deutsche Pfandbriefbank (PBB) shares fell further on Tuesday with traders citing no clear driver behind the slump amid markets growing concerned about broader credit conditions. ...
Tesla's China-made EV sales fall 9.9% y/y in October
Reuters· 2025-11-04 08:52
Core Insights - Tesla's sales of China-made electric vehicles decreased by 9.9% to 61,497 units in October compared to the same month last year, marking a reversal from a 2.8% increase in September [1] Sales Performance - The decline in October sales indicates a significant shift in demand for Tesla's vehicles in the Chinese market [1] - The October sales figure of 61,497 units represents a notable drop from the previous year's performance [1]
Lithuania in talks with Rheinmetall for second investment project, presidential advisor says
Reuters· 2025-11-04 08:44
Group 1 - Lithuania is in discussions with German defense conglomerate Rheinmetall for a second investment project [1]