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Wartsila orders miss forecast, but upbeat on data centres
Reuters· 2026-02-04 10:11
Group 1 - Finnish engineering group Wartsila missed fourth-quarter orders forecasts [1] - The company faced challenges due to U.S. battery tariffs [1] - Increased competition in the energy storage business impacted performance [1]
Euro zone inflation dips in January as soft patch begins
Reuters· 2026-02-04 10:07
Euro zone inflation dipped last month, data showed on Wednesday, entering a soft patch that most economists expect will last for at least a year and keep the European Central Bank on hold. ...
Trump's India pact to make big dent in Russian oil revenue
Reuters· 2026-02-04 10:04
Trump's India pact to make big dent in Russian oil revenue | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.... [Purchase Licensing Rights, opens new tab] Read more- Companies- Summary- US pressure rises at critical moment in Ukraine peace talks- Russi ...
Russia's oil and gas revenue halved in January y/y to lowest since July 2020
Reuters· 2026-02-04 10:02
Core Insights - Russian state oil and gas revenues have halved in January compared to the same month of the previous year, reaching their lowest level since July 2020 [1] Revenue Performance - The revenues from oil and gas for the Russian state have decreased significantly, indicating a challenging economic environment for the sector [1]
Toyota plans 30% lift in hybrid vehicle output by 2028, Nikkei says
Reuters· 2026-02-04 09:51
Core Viewpoint - Toyota plans to increase production of hybrid and plug-in hybrid vehicles to approximately 6.7 million units by 2028, which represents a 30% increase from its target for 2026 [1] Production Plans - The production target for hybrid and plug-in hybrid vehicles is set at around 6.7 million units by 2028 [1] - This new target is about 30% higher than the previously established target for 2026 [1]
UBS sees more outflows from US wealth unit after adviser exits, CFO says
Reuters· 2026-02-04 09:35
Core Viewpoint - UBS anticipates continued outflows in its U.S. wealth management division during the first half of 2026 due to advisers departing the bank and taking clients with them [1] Group 1 - UBS's chief financial officer, Todd Tuckner, indicated that the outflows are expected to persist as advisers leave the firm [1]
NatWest commits $13.7 billion to support UK social housing
Reuters· 2026-02-04 09:00
Core Viewpoint - NatWest announced a commitment to provide a £10 billion ($13.72 billion) package to the UK social housing sector by 2028, aimed at supporting the delivery of affordable housing across the country [1] Group 1 - The funding is specifically targeted at enhancing the availability of affordable housing in the UK [1] - The initiative reflects NatWest's strategy to contribute to social and economic development through investment in housing [1]
Nestle widens French infant formula recall to new batch of Guigoz
Reuters· 2026-02-04 08:59
Core Viewpoint - Nestle has expanded its infant formula recall to include an additional batch of Guigoz formula following France's decision to lower the maximum threshold for cereulide toxin [1] Company Summary - The recall involves a new batch of Guigoz formula, indicating a proactive response by Nestle to regulatory changes in France [1] - The action reflects Nestle's commitment to consumer safety and adherence to updated health standards [1] Industry Summary - The decision by France to lower the maximum cereulide toxin threshold may impact the infant formula industry, prompting other companies to reassess their product safety measures [1] - Regulatory changes in food safety standards can lead to increased scrutiny and potential recalls across the industry, affecting market dynamics [1]
Gulf stocks rise on firmer oil, earnings; Mideast tensions in focus
Reuters· 2026-02-04 08:57
Core Viewpoint - Most Gulf stock markets experienced an increase in early trading, driven by stronger oil prices and positive corporate earnings, while investors are evaluating the potential market impact of escalating tensions in the Middle East [1] Group 1: Market Performance - Gulf stock markets rose in early trade, indicating a positive market sentiment [1] - The rise in stock markets is attributed to firmer oil prices, which typically influence the performance of Gulf economies [1] - Upbeat corporate earnings reports contributed to the positive market trend, suggesting strong financial performance among companies in the region [1] Group 2: Investor Sentiment - Investors are assessing the potential fallout from escalating tensions in the Middle East, indicating a cautious approach despite the positive market performance [1]
Automakers in China roll-out longer-term financing plans to spur demand
Reuters· 2026-02-04 08:49
Automakers in China are extending repayment terms for customers to as long as eight years to woo consumers amid stagnant demand in the world's largest auto market. ...