Nasdaq News

Sumitomo Mitsui Financial Group Inc (SMFG) on Wednesday reported a 60% decline in first-quarter net profit due to an increase of credit-related costs during the coronavirus pandemic.

Russian oil major Rosneft will supply fuel to the Arctic mining operations of Norilsk Nickel (Nornickel), the companies said on Wednesday, while Nornickel upgrades its fuel tanks after a diesel spill.

(RTTNews) - Hyve Group plc (ITE.L) expects to exceed the fiscal 2020 savings target by delivering net additional savings of about £25 million, largely due to venue negotiations, the acceleration of redundancy plans and the utilisation of the UK furlough scheme.

(RTTNews) - Sanofi (SNYNF, SNY) and GlaxoSmithKline plc (GSK,GSK.L) announced Wednesday that they have reached an agreement with the UK government for the supply of up to 60 million doses of a COVID-19 vaccine. The deal is subject to final contract.

Rating agency Fitch on Wednesday lowered its outlook on Japan's long-term foreign currency debt rating to negative from stable, citing the heavy blow from the coronavirus crisis and rising public debt as policymakers try to get the economy back on track.

(RTTNews) - Spanish Financial Group Banco Santander S.A. (BNC.L, BSBR, SAN) Wednesday reported a loss for the half year, with 9 percent down slide in revenues. The Group attributed the results to the spread of COVID-19 pandemic, reflecting a weaker economic environment, with low

A late-stage clinical trial of Roche's Actemra/RoActemra drug to treat patients hospitalised with severe COVID-19-related pneumonia failed, the Swiss drugmaker said on Wednesday.

Spain's Santander on Wednesday reported a record net loss of 11.1 billion euros ($13 billion) in the second quarter after it booked writedowns reflecting a lower valuation of some previous acquisitions, mainly in Europe.

Philippine stocks rose on Wednesday as news of the passing of a 140 billion peso ($2.85 billion) stimulus package by the country's Senate helped offset concerns about a possible tightening of coronavirus restrictions at the end of the month.

(RTTNews) - European stocks may struggle for a clear direction on Wednesday amid an impasse in U.S. economic stimulus negotiations and ahead of Federal Reserve's policy outcome.

(RTTNews) - Genentech, a member of the Roche Group (RHHBY), said that the Phase III COVACTA study of Actemra or tocilizumab did not meet its primary endpoint of improved clinical status in hospitalized adult patients with severe COVID-19 associated pneumonia.

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French electrical equipment group Schneider Electric SE on Wednesday forecast a drop in its 2020 revenue and core profit margin, due to uncertainty around the coronavirus outbreak and a possible second wave of lockdowns.

Britain has signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine being developed by Sanofi and GlaxoSmithKline, it said on Wednesday, its fourth such arrangement.

Bolt, a popular ride-sharing system in Eastern Europe and Africa, said on Wednesday it has rolled out its platform in Thailand as competition intensifies among Southeast Asian ride-hailers with cities gradually emerging from the lockdown.

(RTTNews) - Deutsche Bank (DB) reported second quarter net profit of 61 million euros, compared to a net loss of 3.1 billion euros in the prior year quarter which included transformation-related effects. Deutsche Bank recorded a net loss attributable to shareholders of 77 millio

(RTTNews) - Osram Licht AG (OSAGF.PK), a German manufacturer of lamps, lighting systems, and electronic control gears, reported Wednesday that its third-quarter loss after tax was 140 million euros, wider than last year's loss of 35 million euros.

(RTTNews) - Ashland Global Holdings Inc. (ASH) reported that its third-quarter Income from continuing operations rose to $50 million or $0.81 per share from $23 million or $0.37 per share in the prior-year quarter.

(RTTNews) - Highwoods Properties Inc. (HIW) reported that its net income available for common stockholders for the second quarter of 2020 was $37.0 million or $0.36 per share down from $39.4 million or $0.38 per share in the second quarter of 2019.

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere.