Focus on Finance
First Solar lowers annual sales forecast, posts rise in Q3 profit
First Solar cuts its 2024 sales forecast to $4.10–$4.25 despite a 16.6 per cent Q3 profit rise, aided by Biden's tariffs on imports.
Chile govt readying bond to incentivize future conservation
Chile has created a new bond to ensure long-term conservation commitments, linking financial penalties to environmental goals, said Environment Minister Maisa Rojas.
World Bank gears up to launch debut debt-for-development swap, treasurer says
Debt swaps have grown in popularity, especially where funds saved are used for environmental projects, so-called debt-for-nature swaps.
Italy’s Eni to boost buyback after quarterly earnings beat expectations
Eni will increase its share buyback programme to 2 billion euros, it said on Friday, after beating third-quarter profit expectations.
Mercedes car earnings plunge as China shuns luxury
Mercedes-Benz's Q3 earnings in the car division fell 64%, missing estimates, due to a weak Chinese market and model revamp costs.
Vale’s third-quarter profit falls 15% on dam collapse provisions, lower ore prices
Vale's profit fell 15 per cent to $2.41 billion, beating estimates, as lower iron ore prices and Mariana dam provisions weighed on results.
US Treasury allows miners to access clean energy manufacturing subsidy
The U.S. Treasury will now allow some mining firms to access a tax credit for clean energy components, after industry pushback.
Valero Energy quarterly profit plunges on weak refining margins
Valero Energy's profit slumped 86 per cent on lower refining margins, but beat expectations with $1.14/share vs. analysts' 98 cents estimate.
Hyundai Motor’s Q3 operating profit falls 7% from a year earlier
Hyundai warns of slowing demand, posts seven per cent drop in Q3 profit, but maintains 2024 earnings target; shares fall five per cent...
