Merck KGaA raises outlook after forecast-beating Q2 profit
Merck KGaA (MRCG.DE) raised its outlook after posting forecast-beating second quarter profits on Thursday, boosted by demand for its lab gear and supplies from pharma companies making treatments and vaccines against the coronavirus.
Boeing 737 MAX departs for key test flight in China
A Boeing Co (BA.N) 737 Max jet departed for China on Wednesday to conduct a flight test as part of the U.S. planemaker’s attempt to gain approval in the vital travel market following two fatal crashes, people familiar with the matter said.
Siemens raises profit guidance again as industrial demand ramps up
German engineering and technology company Siemens (SIEGn.DE) raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.
Hyundai to take stake in German hydrogen fuelling group H2 Mobility
Hyundai Motor Co (005380.KS) will invest in Germany’s H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.
Oil rises on Mideast tensions but virus concerns weigh
Oil prices rose towards $71 a barrel on Thursday on rising Middle East tensions, while fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery.
New York Auto Show canceled amid Delta variant worries
Organizers on Wednesday canceled the New York Auto Show that had been set for later this month amid rising COVID-19 cases caused by the more infectious Delta variant of the coronavirus amid rethinking of return to offices schedules.
CVS hedges on 2022 earnings growth target as COVID-19 uncertainty persists
CVS Health Corp (CVS.N) on Wednesday hedged a bit on its long-term target for double-digit earnings growth for next year, pointing to uncertainty around COVID-19 vaccination and testing demand, as well as medical costs, sending shares down 3%.
Facebook’s Kustomer deal may hurt competition, EU regulators say
Facebook’s acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online advertising, European Union antitrust regulators warned on Monday as they opened a full-scale investigation into the deal.
Italy’s Treasury under siege over Monte dei Paschi deal
Italy’s Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi’s employees and Siena’s local economy, after the ministry entered exclusive talks to sell the ailing Tuscan bank to UniCredit.
France’s Axa rebounds from pandemic as XL unit swings to profit
Axa (AXAF.PA) posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that led to a 1.5 billion euro ($1.8 billion) charge last year.
