Town Hall News

Zac Gallen recorded a season-high 12 strikeouts over 6 1/3 innings to fuel the Arizona Diamondbacks to a 2-0 victory over the Kansas City Royals on Wednesday in Phoenix. Gallen (4-1), who struck out the side in the fourth and fifth innings, scattered four hits en route to extending his scoreless innings streak to 28. The 27-year-old owns the franchise-record streak of 44 1/3 consecutive scoreless innings, set last season […]

By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Car Group reported a smaller-than-expected fall in first-quarter operating earnings on Thursday and said while overall demand remained healthy it may still cut costs as the global economy slows down. Volvo Cars, majority-owned by China’s Geely Holding, said operating earnings fell to 5.1 billion Swedish crowns ($494.63 million) in the quarter from a year-ago 6 billion crowns, beating a mean forecast of […]

By Tom Sims and Marta Orosz FRANKFURT (Reuters) -Deutsche Bank reported a better-than-expected 9% rise in first-quarter profit on Thursday as income from higher interest rates offset a slump in revenues at the investment bank, and flagged job cuts as it looks to further reduce costs. Net profit attributable to shareholders was 1.158 billion euros ($1.28 billion). That compared with profit of 1.060 billion euros a year earlier, and was […]

SINGAPORE (Reuters) – Singapore’s United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The lender’s core profit, which excludes one-off expenses, rose to a record S$1.58 billion ($1.20 billion) in the first quarter, just above the mean estimate of some S$1.55 billion from four analysts polled by Refinitiv. […]

By Scott Murdoch and Donny Kwok (Reuters) – Chinese spirit maker ZJLD Group’s shares were down 17% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half. The KKR-backed company raised $675.2 million last week in the biggest new share sale in Hong Kong since […]

PARIS (Reuters) – Struggling French IT consulting firm Atos posted higher-than-expected quarterly sales on Thursday, driven by its cybersecurity and digital transformation unit Eviden. First quarter revenue was up 2.8% from a year earlier to 2.81 billion euros ($3.11 billion). This beat the 2.75 billion-euro consensus compiled by the company, based on 11 analyst estimates. The group confirmed its full-year targets, including a group revenue organic growth in the range […]

KUALA LUMPUR (Reuters) – The United States lifted a 17-month import ban on products from Malaysian rubber glove maker Smart Glove, saying the company has addressed exploitative labour practices. U.S. Customs and Border Protection (CBP) in November 2021 sanctioned imports from Smart Glove and its group of companies over the alleged use of forced labour at its production facilities. Smart Glove, which makes gloves used in the medical and food […]

By Daniel Leussink TOKYO (Reuters) -Japan’s Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth-quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. The company, a major manufacturer of automotive parts and chips, projected operating profit for the current business year that started this month to hit a record, after the result for the 12 months through March also reached […]

By Daniel Leussink TOKYO (Reuters) -Japan’s Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth-quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. The company, a major manufacturer of automotive parts and chips, projected operating profit for the current business year that started this month to hit a record, after the result for the 12 months through March also reached […]