S&P Global Ratings: Maintains corporate default forecasts, but risks are rising
Recent increases in market volatility related to tariffs have raised fears for growth and higher corporate default rates, S&P Global Ratings said in the "Corporate…
Konecranes streamlines EUROGATE Hamburg’s STS operations with crane relocations
In 2024, terminal operator EUROGATE had two Ship-to-Shore (STS) cranes relocated on their Hamburg wharf. One crane at the end of its service life was…
Phillips 66 posts bigger-than-expected quarterly loss on lower margins
Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the…
Jet engine maker Safran’s revenues rise 17% in first quarter
Shares in Safran rose on Friday after the French jet engine maker reported stronger-than-expected first-quarter revenues and said it was studying ways to manage the…
US business lobby in China: Some pharma firms reporting tariff exemptions
Pharmaceutical companies in China are reporting that they have been able to import some drugs over the past week with tariff exemptions, the Beijing-based American…
China exempts some goods from US tariffs to limit trade war pain
China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses notified,…
India plans incentives for steelmakers to drive decarbonisation, secretary says
India is chalking up a host of incentives to spur production of green steel and drive local steelmakers' decarbonisation efforts, the federal steel secretary said…
Oilfield services provider SLB misses profit estimates on international weakness
SLB missed analysts' estimates for first-quarter profit on Friday, as a slowdown in demand in Latin America for its oilfield equipment and services dragged its…
Air India in talks with Boeing to take 10 planes snubbed by Chinese airlines, sources say
Air India is in talks with U.S. planemaker Boeing to acquire around 10 737 MAX jets after Chinese customers started rejecting
US refiner Phillips 66 posts bigger-than-expected quarterly loss
Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the…
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