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BMW raises 2021 profit forecast, but chip shortage to hit second half
LONDON (Reuters) -BMW raised its profit forecast for 2021 on Tuesday after strong quarterly results, but warned that the global semiconductor chip shortage and rising raw materials prices would impact...
Syndicated Content Aug 03, 2021
Upgrades, ESG, DeFi usage to help ether outpace bitcoin: Pantera Capital
By Lisa Pauline Mattackal (Reuters) - The Ethereum platform's potential applications, lower environmental impact and technical upgrades are likely to help the ether token continue to outperform bitcoi...
Syndicated Content Aug 03, 2021
Sanofi confirms $3.2 billion offer to buy U.S. biotech firm Translate Bio
PARIS (Reuters) - French drugmaker Sanofi said it had made a $3.2 billion offer to buy U.S. biotech company Translate Bio, as it bets on next-generation mRNA technology after setbacks in the COVID-19 ...
Syndicated Content Aug 03, 2021
Analysis-Riding the oil price rebound: Gulf states to accelerate asset sales
By Hadeel Al Sayegh, Saeed Azhar and Davide Barbuscia DUBAI(Reuters) - Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dol...
Syndicated Content Aug 03, 2021
France’s SocGen raises 2021 forecasts on lower bad loan provisions
PARIS (Reuters) - French bank Societe Generale on Tuesday raised its forecasts for 2021 as the lender swung back to a profit in the second quarter on lower pandemic-related charges for bad loans and a...
Syndicated Content Aug 03, 2021
Two more suppliers say payments are overdue from indebted Evergrande
HONG KONG (Reuters) - Advertising firm Leo Group said it is applying to a Chinese court to freeze 356 million yuan ($55.06 million) in assets of Evergrande Group for overdue payments, the latest suppl...
Syndicated Content Aug 03, 2021
Australia’s Crown plays pandemic card as it pleads to keep casino licence
By Byron Kaye SYDNEY (Reuters) - Australian casino operator Crown Resorts Ltd warned on Tuesday its staff and shareholders would suffer if its main operating licence is cancelled over money laundering...
Syndicated Content Aug 02, 2021
StanChart resumes dividends and buybacks as profit recovers
By Alun John and Lawrence White HONG KONG (Reuters) -Standard Chartered PLC posted a higher than expected 57% jump in first-half pretax profit and announced a $250 million share buyback, with the bank...
Syndicated Content Aug 02, 2021
China regulator to investigate auto chip distributors on suspicion of price gouging -statement
SHANGHAI (Reuters) - China's State Administration For Market Regulation is launching an investigation into chip distributors in the auto industry, citing suspicions of price gouging, according to an o...
Syndicated Content Aug 02, 2021
Lyondell says restarting polymers, olefins units at La Porte plant
(Reuters) - LyondellBasell on Tuesday said it was restarting the polymers and olefins units at its La Porte, Texas, facility following an acetic acid leak last week that killed two people. Both units ...
Syndicated Content Aug 02, 2021

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