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ExxonMobil Hai Phong Energy Pte Ltd, Hai Phong People's Committee and JERA have signed a MOU to work together on a potential integrated LNG to Power project in Hai Phong, Vietnam. The project would include a power plant and LNG import terminal. JERA is the largest thermal power generator in Japan. LNG-fueled...

New Oriental Education & Technology Group Inc. (EDU) announced the launch of its Hong Kong Public Offering, which forms part of the Global Offering of 8.51 million new common shares. Upon listing, the Hong Kong-listed shares will be fully fungible with the ADSs listed on NYSE. The offer price for the...

British drug major AstraZeneca Plc. (AZN.L, AZN) announced Wednesday that China's National Medical Products Administration or NMPA has approved Forxiga's (dapagliflozin) cardiovascular outcomes benefit. NMPA has updated the label for Forxiga to include data from the DECLARE-TIMI 58 Phase III trial...

Komatsu Ltd. (KMTUY.PK) reported that its first half net income attributable to Komatsu was 37.2 billion yen, down 58.6% from prior year. Earnings per share was 39.46 yen compared to 95.32 yen. Operating income declined by 57.5% to 60.3 billion yen. The company said this was mainly due to reduced sales...

AstraZeneca Plc. (AZN.L, AZN) and Daiichi Sankyo Company Limited (DSKYF.PK) said that HER2-directed antibody drug conjugate Enhertu has also been granted priority review in the US for the treatment of patients with HER2-positive metastatic gastric or gastroesophageal junction adenocarcinoma. Enhertu...

Fiat Chrysler Automobiles NV (FCAU) and Peugeot S.A. or Groupe PSA (PEUGF.PK), who have agreed on a 50/50 merger of their businesses to create Stellantis, Wednesday said they continue to advance towards the completion of their proposed combination. On Tuesday, the companies' Boards signed the cross-border...

Sony Corp. (SON.L, SNE) reported second quarter net income to shareholders of 459.6 billion yen compared to 187.9 billion yen, previous year. Earnings per share was 367.82 yen compared to 148.59 yen. Income before income taxes was 299.6 billion yen compared to 262.1 billion yen. Second quarter sales...

Dutch brewer Heineken NV (HKHHF.PK) reported Wednesday that its net profit for the first nine months of fiscal 2020 was 396 million euros, sharply lower than 1.67 billion euros a year ago. The company noted that continued cost mitigation actions partially mitigated the impact from lower volume, adverse...

Next Plc (NXT.L) reported that full price sales, including interest income, for the third quarter were up 2.8 percent against last year. Total sales, including markdown sales, were up 1.4 percent. For the third-quartet to 24 October, product full price sales grew 4.1 percent. Retail sales fell 17.9...

Puma AG (PMMAF.PK) reported that its third quarter net earnings increased by 13.0% to 113.6 million euros from 100.5 million euros, prior year. Earnings per share was 0.76 euros compared to 0.67 euros. Operating result (EBIT) was up by 16.8% to 190 million euros. Third quarter sales increased by...

Groupe PSA reported third quarter revenue of 15.45 billion euros compared to 15.58 billion euros, a year ago. Automotive division revenue was 11.96 million euros, up by 1.2% from previous year driven by a recurring strong product mix and pricing policy, the company said. For the third quarter, the Group...

Beiersdorf AG (BDRFY.PK, BDRFF.PK) reported that its nominal Group sales fell by 8.5% to 5.24 billion euros for the first nine months of 2020. Group sales were down 7.1% organically from prior year. The Group said its performance in the third quarter was much stronger, with organic sales growth of 0.2%. For...

German telecom company Telefonica Deutschland Holding AG (TELDF.OB, TFTHF.OB) reported Wednesday that its third-quarter net profit was 390 million euros, compared to last year's loss of 24 million euros. Basic earnings per share were 0.13 euro, compared to loss of 0.01 euro a year ago. OIBDA amounted...

KPN (KKPNY.PK, KPN) reported third quarter net profit of 132 million euros, a decline of 58% from previous year. Excluding the incidentals that impacted operating profit in third quarter of prior year, net profit would have increased with approximately 4 million euros net of tax, mainly driven by lower...

Sanofi (SNYNF, SNY) and GSK (GSK.L, GSK) have signed a Statement of Intent with Gavi, the legal administrator of the COVAX Facility, under which the companies intend to make available 200 million doses of their adjuvanted recombinant protein-based COVID-19 vaccine to the COVAX Facility. The COVAX Facility...

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