Latest news with #LouiseHeavens
Zawya
21-05-2025
- Business
- Zawya
Saudi Arabia crude exports fall to 5.754mln barrels per day in March
Saudi Arabia's crude exports in March fell to 5.754 million barrels per day (bpd) from 6.547 million bpd in February, official data showed on Wednesday. The world's largest oil exporter's crude output for March was at 8.957 million bpd, up from 8.947 million bpd in February. Saudi refineries' crude throughput was at 2.944 million bpd in March, up 0.323 million bpd from February's 2.621 million bpd, the data showed. Direct crude burning increased by 100,000 bpd to 383,000 bpd in March. Saudi Arabia and other members of OPEC provide monthly export figures to JODI, which publishes them on its website. Earlier this month, OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day. (Reporting by Brijesh Patel in Bengaluru, Editing by Louise Heavens)
The Star
20-05-2025
- Automotive
- The Star
WeRide joins Tencent Cloud to build smart driving services for overseas markets
BEIJING (Reuters) -Chinese self-driving startup WeRide said on Tuesday that it will partner with Tencent Cloud to promote large-scale robotaxi commercial operations and build smart driving solutions for overseas markets. Under the deal signed on Tuesday, Tencent's cloud unit "will rely on its global cloud infrastructure and operational experience to provide WeRide with overseas localised and compliant cloud services to build an efficient and stable intelligent driving operation network," according to a company statement. (Reporting by Beijing newsroom, Editing by Louise Heavens)
Zawya
14-05-2025
- Business
- Zawya
OPEC to issue May oil market report at 1200 GMT
The Organization of the Petroleum Exporting Countries will release its May monthly oil market report at 1200 GMT (1400 Vienna time) on Wednesday, OPEC said in an email. (Reporting by Alex Lawler, Editing by Louise Heavens)
Yahoo
08-05-2025
- Business
- Yahoo
Puma reports decline in first-quarter profit margin
LONDON (Reuters) - Sportswear brand Puma reported a decline in first-quarter profit margin on Thursday and no growth in first-quarter sales as the company cuts costs in an attempt to turn its performance around. Puma sales of 2.076 billion euros ($2.35 billion) were slightly better than analysts' forecast of 2.041 billion euros, up by 0.1% compared with the first quarter last year. ($1 = 0.8846 euros) (Reporting by Helen Reid, Editing by Louise Heavens)
The Star
06-05-2025
- Business
- The Star
Wistron Corp to invest additional $455 million in new U.S. unit
TAIPEI (Reuters) - Taiwanese electronics manufacturer and AI server maker Wistron Corp said on Tuesday its board has approved an additional investment of $455 million in its new U.S. subsidiary. The new planned investment would bring the total planned capital injection into the subsidiary to $500 million, Wistron said in a press release. The move ramps up Wistron's earlier commitment, announced on April 2, to invest $45 million to set up a subsidiary to "support business development and strategic growth" in the United States. (Reporting by Wen-Yee Lee; Editing by Louise Heavens)
