• May 13, 2025

France's Atos restores annual guidance after restructuring, sets 2028 targets

(Reuters) -French IT group Atos issued an annual revenue guidance on Wednesday, after it had suspended financial forecasts last year due to its restructuring, and said it targeted revenue of up to 10 billion euros ($11 billion) in 2028. Once seen as a European tech champion with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors. Atos expects to generate 8.5 billion euros in revenue this year, an 11% drop from 2024, citing voluntary contract reviews and low business traction prior to the completion of its rescue plan.

• May 13, 2025

Gold Drops as Traders Reassess Need for Havens After Trade Truce

(Bloomberg) -- Gold fell for the second time in three days as cooling trade tensions between the US and China drove a reallocation away from havens.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Administration Policy on Migrant ChildrenBullion d

• May 13, 2025

Alstom forecasts softer cash flow after strong annual beat, shares fall

(Reuters) -French train maker Alstom reported an annual free cash flow well above market expectations on Wednesday, in a sign its cash issues were now solved, but its shares slumped after its forecast for the current year disappointed investors. Alstom, which had taken long to recover from its costly 2021 acquisition of Bombardier's rail business, reported a free cash flow of 502 million euros ($561.6 million) for the year that ended on March 31, ahead of the 330 million analysts polled by the company had expected. The earlier cash issues had been partly due to Alstom inheriting problem contracts through the acquisition.

• May 13, 2025

Exclusive-Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US, source says

SHANGHAI (Reuters) -Tesla plans to start shipping components from China to the U.S. for the production of Cybercab and Semi trucks from the end of this month, after the U.S. and China reached a truce over tariffs, said a person with direct knowledge. Reuters reported last month that Tesla had suspended plans to ship the components after U.S. President Donald Trump raised tariffs on Chinese goods to 145%, potentially disrupting Tesla's plan to start mass production of the much-anticipated models.

• May 13, 2025

Oil Holds Four-Day Gain Spurred by Trade Optimism, Iran Remarks

(Bloomberg) -- Oil held the bulk of its biggest four-day rally since October, spurred by the US-China trade détente and President Donald Trump’s increasingly hostile rhetoric on Iranian supply, Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Admi

• May 13, 2025

Morning Bid: Markets near even keel amid trade deal hope

Most major equity markets have clawed back loss in the six weeks since U.S. President Donald Trump dropped his tariff bomb, leaving investors now nervously looking to see if more trade deals will follow those the U.S. has sketched out with China and Britain. U.S. stocks have returned to positive territory for the year, while European shares are now a shade higher than when Trump announced tariffs against friend and foes alike on April 2. Technology shares are back in the spotlight after U.S. chip firms Nvidia and Advanced Micro Devices announced huge artificial intelligence deals in the Middle East, timed with a visit by Trump to Saudi Arabia.

• May 13, 2025

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the U.S. and China agreed to a 90-day pause in their trade war. The relief over the trade truce between the U.S. and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. A report overnight that showed U.S. inflation unexpectedly slowed last month helped drive buying that pushed the S&P 500 up 0.7%, to 5,886.55.

• May 13, 2025

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the U.S. and China agreed to a 90-day pause in their trade war. The relief over the trade truce between the U.S. and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. A report overnight that showed U.S. inflation unexpectedly slowed last month helped drive buying that pushed the S&P 500 up 0.7%, to 5,886.55.

• May 13, 2025

Sony forecasts flat profit this year as tariffs bite

TOKYO (Reuters) -Sony said on Wednesday it expects operating profit to rise 0.3% to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion yen hit from U.S. President Donald Trump's trade war. The estimated tariff impact does not reflect this week's trade deal between the United States and China and the actual impact could vary significantly, Sony said. Sony's shares reversed a more than 3% fall from the morning session to rise over 2% in afternoon trading after the results.

• May 13, 2025

Iron Ore Bounces Back to Six-Week High on Trade-War Truce Hopes

(Bloomberg) -- Iron ore rose as trade tensions eased, spurring optimism across a metals market that has been hit especially hard by global growth worries.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Administration Policy on Migrant ChildrenFut