Finance

Japan toaster startup smartphone foray craters stock price

A foray into smartphones by Japan’s Balmuda Inc (6612.T), best known for its high-end toasters, has cratered its stock price with the firm announcing this week it has halted sales of its poorly received handset.

Uniper secures $11 bln of credit to cope with gas volatility

German utility Uniper (UN01.DE) has secured credit facilities worth up to 10 billion euros ($11 billion) from parent Fortum (FORTUM.HE) and state bank KfW (KFW.UL)in a move to cope with unprecedented volatility in energy markets, it said.

Daimler warns car owners of fire risk it lacks parts to fix

Daimler’s (DAIGn.DE) Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark a fire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available.

OPEC oil output boost in December again undershoots target

The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as global demand recovers from the pandemic.

Online trading firm Plus500 expects annual profit to top market view

Plus500 (PLUSP.L) said on Monday it expects its annual profit to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance.

Foxconn India iPhone plant to reopen on Wednesday -legislator

Apple Inc (AAPL.O) supplier Foxconn (2317.TW) will reopen an iPhone manufacturing facility in southern India on Wednesday, government officials and a legislator in the region where the plant is located told Reuters.

Japan toaster startup smartphone foray craters stock price

A foray into smartphones by Japan’s Balmuda Inc (6612.T), best known for its high-end toasters, has cratered its stock price with the firm announcing this week it has halted sales of its poorly received handset.

Uniper secures $11 bln of credit to cope with gas volatility

German utility Uniper (UN01.DE) has secured credit facilities worth up to 10 billion euros ($11 billion) from parent Fortum (FORTUM.HE) and state bank KfW (KFW.UL)in a move to cope with unprecedented volatility in energy markets, it said.

Daimler warns car owners of fire risk it lacks parts to fix

Daimler’s (DAIGn.DE) Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark a fire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available.

OPEC oil output boost in December again undershoots target

The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as global demand recovers from the pandemic.

Online trading firm Plus500 expects annual profit to top market view

Plus500 (PLUSP.L) said on Monday it expects its annual profit to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance.

Foxconn India iPhone plant to reopen on Wednesday -legislator

Apple Inc (AAPL.O) supplier Foxconn (2317.TW) will reopen an iPhone manufacturing facility in southern India on Wednesday, government officials and a legislator in the region where the plant is located told Reuters.

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