Eurasia

Eurasia Recent News

Ericsson's Vonage Bet Backfires: Impairment Charge Hits Q2 Due to Lower Market Growth
Ericsson to record non-cash impairment charge of SEK 11.4 billion in Q2 2024. The company expects the charges due to lower expected market growth rates in Vonage's current portfolio.
Shell Absorbs Charges, Pauses Project: Q2 Outlook Dims With Impairments and Biofuels Halt
Shell plc updated operational outlook for Q2 FY24, expecting production and LNG liquefaction volumes to be higher. Stock has gained 24% in last 12 months.
Stellantis And CEA Partner To Develop Next-Generation EV Battery Cells
Stellantis and CEA have initiated a five-year collaboration to design next-generation battery cells for electric vehicles (EVs). This partnership aims to create advanced battery cells with superior performance, longer lifespan, and reduced carbon footprint.
What's Going On With Semiconductor Company ASML Stock Today?
Shares of ASML Holding are up after the company received approval for its Veldhoven headquarters expansion. The Netherlands' Council of State dismissed local objections about traffic and noise, allowing the project to proceed.
Shell Pauses European Biofuels Facility Construction, Reviews Project Economics
Shell temporarily suspends construction at biofuels facility in Netherlands to optimize project and achieve net-zero emissions.
Insurers To Sell $3.1B In Honda Shares In Wake Of Governance Push: Report
Four major Japanese insurers plan to sell approximately 500 billion yen ($3.1 billion) in Honda Motor shares, accelerating the unwinding of cross-shareholding practices. Tokio Marine Holdings, Sompo Holdings, and two units of MS&AD Insurance Group Holdings will collectively offload their stakes.
Coal Crisis: Anglo American Shuts Down Grosvenor Mine After Underground Incident
Anglo American halted operations at its Grosvenor coal mine in Australia after a gas ignition incident. The company plans to update its steelmaking coal production guidance once more information is available.
Airbus Scores $559M Compensation In Spirit AeroSystems Deal: Details
Airbus SE will acquire certain loss-making operations from Spirit AeroSystems as part of a division agreement with Boeing. The deal includes $559 million in compensation for Airbus, which will take over facilities producing A220 and A350 components.
European Energy Giant Eni Seals Extended Gas Deal With Vår Energi: Details
Eni extends agreement with Vår Energi to supply up to 5 bcm of gas between 2024 and 2036, demonstrating commitment to being a reliable energy supplier.
Deutsche Bank Adds Laura Padovani To Its Management Board: Details
Deutsche Bank appoints Laura Padovani as Chief Compliance and AFC Officer effective July 1, aiming to strengthen control environment and align with industry standards. Nita Patel also joins as Head of AFC. DB shares up over 3% in premarket trading.
KKR Makes Two New Investments In Asian Soil: Details
KKR & Baby Memorial Hospital have signed definitive agreements for KKR-managed funds to acquire a majority stake in the hospital. Financial details remain undisclosed. KKR also recently made a significant purchase in the apartment building market.
BYD Marks Milestone In Uzbekistan: First Hybrid SUVs Reportedly Roll Off Assembly Line
BYD plant in Uzbekistan commenced production earlier this year and recently celebrated the rollout of its first vehicles from the assembly line.
European Commission To Decide On Hewlett Packard Enterprise's $14B Juniper Networks Acquisition By August 1: Details
European Commission reportedly to decide on Hewlett Packard Enterprise's $14B Juniper Networks acquisition by August 1 amid strategic AI expansion and regulatory scrutiny.
Tesla's Chinese Rival NIO Expands Presence In Germany With New Showroom Amid EU Tariff Tensions
NIO reportedly expands its presence in Germany with a new showroom amid EU tariff tensions, following recent openings and model unveilings.
Thousands Of HSBC Britain Customers Left Stranded By Online Banking Outage: Report
Thousands of HSBC customers in Britain faced online banking difficulties due to an outage, with over 7,000 reports. HSBC stock gained 14% in the last 12 months.
Nokia Streamlines Network Business: Sells Submarine Networks Business ASN To French State
Nokia agrees to sell Alcatel Submarine Networks to French State for EUR350 million. post deal, Nokia will keep 20% stake and board representation until targeted exit to ensure a smooth transition.
Amazon To Challenge Shein And Temu With New Bargain Site: Report
Amazon.com is reportedly launching a new marketplace targeting overseas consumers with affordable items shipped directly from China. Competing with sites like Temu and Shein, The platform will feature unbranded fashion, home goods, and daily necessities, with delivery times of 9 to 11 days.
Is BP Bailing on Green? Reportedly Shifts Gears From Renewables To Oil And Gas
BP reportedly shifts focus back to oil and gas, halting new offshore wind projects and implementing hiring freeze, due to investor dissatisfaction with energy transition strategy.
Comcast's Universal Plans New UK Theme Park, Eyes Massive Job Creation: Report
Comcast Corp's Universal division may launch a new theme park in the U.K., promising significant economic uplift with a £35.1 billion impact and 28,000 new jobs.
KKR's Johannes Huth Retires After Pioneering European Deals - Details Here
Johannes Huth, pivotal figure in KKR's European ventures, retires after 25 years, leaving legacy of strategic acquisitions and leadership roles.
Brookfield Seals The Deal: Snags Major Stake In French Powerhouse Neoen
Brookfield Asset Management to acquire majority stake in Neoen. Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds in Neoen, with the intention of implementing a squeeze out.
What's Going On With Toyota Stock Premarket Tuesday?
Toyota sold 325.9 billion yen worth of cross-shareholdings and now holds shares in 124 companies.
UBS Sells Stake In China Joint Venture To Comply with Local Regulations: Report
UBS selling partial stake in securities joint venture to BSAM in China, consolidating operations, CEO says it's optimal move for compliance.