BEIJING, Feb 10 (Reuters) - China's foreign ministry on Tuesday said there had been no reports of its citizens being stranded in Cuba due to airlines suspending flights to the country because of a jet fuel shortage, following the U.S. blocking of shipments from Venezuela.
"China firmly supports Cuba in safeguarding its national sovereignty and security, and opposes foreign interference," Lin Jian, a foreign ministry spokesperson, told a... (continue reading...)
By Lawrence White
LONDON, Feb 10 (Reuters) - Barclays said its annual profit increased 12% and announced new performance targets out to 2028 on Tuesday, as the British bank aims to improve returns by focusing on its core home market and using technology such as AI to cut costs.
The lender reported profit before tax for 2025 of 9.1 billion pounds ($12.45 billion), up from 8.1 billion pounds the year before and broadly in line with than... (continue reading...)
Feb 10 (Reuters) - Australian laser maker Electro Optic Systems said on Tuesday it was concerned U.S. short seller Grizzly Research may have acted unlawfully by publishing a report on the company last week that triggered a sharp fall in its share price.
On Friday, Grizzly Research released a report that called EOS's $80 million contract with an unnamed South Korean customer "intentionally misleading and utterly unrealistic". EOS shares fell 16% that... (continue reading...)
(Corrects to fix typo in paragraph 7)
Feb 10 (Reuters) - AstraZeneca on Tuesday forecast profit and sales growth in 2026, betting on demand for its cancer treatments and newer drugs as it pushes expansion in the United States and China.
The outlook comes as longtime CEO Pascal Soriot seeks to steer the company towards its target of $80 billion in annual sales by 2030 through new medicines and investments, despite shifting U.S. tariff... (continue reading...)
LONDON, Feb 10 (Reuters) - BP posted a fourth-quarter underlying replacement cost profit, or adjusted net income, of $1.54 billion on Tuesday, up around 32% on last year and in line with expectations.
BP, whose new CEO Meg O'Neill will start in April, said it would suspend its share buyback programme so it can allocate excess cash to invest in oil and gas opportunities. It repurchased shares worth $750 million over the last three months.
... (continue reading...)More Reuters
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