BorgWarner sees annual sales below estimates on supply snags, higher costs

(Reuters) – BorgWarner Inc on Thursday forecast full-year sales below analysts’ estimates as supply chain issues continued to weigh on the auto supplier, sending the company’s shares down nearly 2% in premarket trading. The Michigan-based firm like other auto companies has been grappling with a shortage of certain raw materials and higher costs to procure …

BorgWarner sees annual sales below estimates on supply snags, higher costs Read More »

UK lenders approve highest number of mortgages since October: BoE

By David Milliken LONDON (Reuters) -The number of mortgages approved by British lenders jumped in March to its highest since October, but remained lower than before then-Prime Minister Liz Truss’s September mini-budget triggered a lending crunch. Lenders approved 52,011 mortgages for house purchase in March, up sharply from 44,126 in February and well above the …

UK lenders approve highest number of mortgages since October: BoE Read More »

India’s Adani Enterprises says Q4 profit surges on coal trading boost

MUMBAI (Reuters) -India’s Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, helped by a strong performance at its key coal trading division. The company’s consolidated profit increased to 7.22 billion Indian rupees ($88.3 million) in the fourth quarter ended March 31, from 3.04 billion rupees a year earlier. Adani Enterprises’ …

India’s Adani Enterprises says Q4 profit surges on coal trading boost Read More »

Soccer-Haaland breaks Premier League record as Man City reclaim top spot

MANCHESTER (Reuters) -Manchester City’s Erling Haaland scored his record-breaking 35th Premier League goal of a stupendous season to help secure a 3-0 victory against West Ham United that sent his side back to the top of the table on Wednesday. The marauding Norwegian ended some stubborn West Ham resistance when he dinked a delicate chip …

Soccer-Haaland breaks Premier League record as Man City reclaim top spot Read More »

EXCLUSIVA-Flota de tanqueros de Venezuela en riesgo de hundimientos, incendios y derrames: informe

Por Mircely Guanipa PUNTO FIJO, Venezuela (Reuters) – Más de la mitad de los 22 tanqueros petroleros que integran la flota propia de Venezuela están tan deteriorados que deben ser reparados de inmediato o desincorporados, según un informe interno de la estatal PDVSA al que Reuters tuvo acceso. De acuerdo al informe de la unidad …

EXCLUSIVA-Flota de tanqueros de Venezuela en riesgo de hundimientos, incendios y derrames: informe Read More »

S.Africa’s Pick n Pay warns earnings may fall again if blackouts persist

By Nqobile Dludla JOHANNESBURG (Reuters) -Pick n Pay’s 2023 earnings may not exceed those of the previous year if rolling power cuts persist, the South African supermarket chain said after reporting weaker earnings on Thursday, hit by energy and store revamp costs. Shares of the country’s second-biggest supermarket chain were down 7.09% by 11135 GMT, …

S.Africa’s Pick n Pay warns earnings may fall again if blackouts persist Read More »

TrendForce says SK Hynix to raise legacy chip output capacity in China

SEOUL (Reuters) -South Korea’s SK Hynix Inc plans to expand its legacy chip production capacity at its chip manufacturing facilities in Wuxi, China, market research firm TrendForce said. The world’s second-biggest memory chip maker’s long-term strategy involves shifting its capacity expansion back to South Korea, while its Wuxi chip production site caters to domestic demand …

TrendForce says SK Hynix to raise legacy chip output capacity in China Read More »

Russia says U.S. was behind Kremlin drone attack, drawing quick denial

By Mark Trevelyan (Reuters) -Russia accused the United States on Thursday of being behind what it says was a drone attack on Moscow’s Kremlin citadel intended to kill President Vladimir Putin. A day after blaming Ukraine for what it called a terrorist attack, the Kremlin administration shifted the focus onto the United States, but without …

Russia says U.S. was behind Kremlin drone attack, drawing quick denial Read More »