Siemens Ltd , the Indian arm of German engineering company Siemens AG , reported an 85% rise in quarterly profit on Tuesday, driven by a rebound in infrastructure spending in the country.
Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was hit by COVID lockdowns in China and weaker demand in the United States due to a stronger dollar.
Italy's Interpump expects sales growth of 25% between 2023 and 2025, the pump maker said on Wednesday after meeting its revenues goal of over 2 billion euros ($2.14 billion) last year.
U.S. stock index futures slipped on Wednesday, as investors awaited retail sales data amid worries that elevated inflation and a tight labor market will keep the Federal Reserve on track for more interest rate increases this year.
Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloomberg News reported on Wednesday.
Kraft Heinz forecast annual profit below Wall Street estimates on Wednesday, expecting cost inflation to eat into margins even as higher prices boost sales.
Biogen Inc said on Wednesday that Alzheimer's disease drug Leqembi would bring in modest revenue for the year although it might not be enough to offset costs tied to its launch.
Goldman Sachs Group Inc said on Wednesday a consumer-facing proprietary credit card never became "a meaningful part" of the bank's strategy, highlighting the Wall Street giant's retreat from its consumer banking ambitions.
Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems.
Barclays reported a 14% fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and multi-million dollar fines relating to an administrative blunder.
Sponsors are not involved in the creation of newsletters or other Reuters news content.
