GLOBAL MARKETS LIVE: Honor, Google, Samsung…

01/22/2021 | 09:37am

Honor announced today that it has signed a partnership with Qualcomm and Intel, Airbus is adjusting its production rates, Japanese company Shiseido will refocus on cosmetics and Nacon is buying an Australian video game studio.

 

  • Intel's Q4 results are better than expected, and the forecast is also more optimistic than expected, but the stock is severely attacked out of session, down 4.6% because the new CEO's comments suggesting that the shift towards outsourcing will not be as rapid as expected. In addition, the group has been the victim of a cyber-attack on its financial performance.
  • International Business Machines: the group's transition to the cloud has yet to be completed, with a fourth consecutive quarter of declining revenues and falling profits. The share lost more than 7% after the announcement.
  • The European Commission announced that it intends to seek explanations from Pfizer for further delays in the delivery of Covid-19 vaccines to certain European Union countries.
  • Chinese smartphone manufacturer Honor announced today that it has entered into a partnership with Qualcomm and Intel.  
  • Google ( Alphabet) said today that it would block its search engine in Australia if the country implemented its plan to force Internet giants to pay local press groups for the right to use their content on their platforms.
  • In response to the current market environment, Airbus is adjusting its production rates, with a projection of 43 single-aisle aircraft per month in Q3, compared to 40 currently, and 45 in Q4. The ramp-up will therefore be slower than expected (in July the Group planned to ramp up to 47 aircraft per month). The A350 wide-bodied aircraft increase is being postponed.
  • BB Biotech: 2020 results increased to CHF 691 million, enabling the company to propose a 5% higher dividend at CHF 3.60.
  • Siemens AG: Q1 results for the new financial year 2020/2021 are improving, thanks to activities in software and automation, particularly in the Chinese market.
  • Samsung Electronics is considering a processor plant in Texas, representing a $10 billion investment.
  • Shiseido is negotiating the sale of its personal care business to the HVAC Fund to refocus on cosmetics.
  • Carnival sold the Pacific Princess for an undisclosed amount.
  • Nissan Motor will purchase more batteries in the UK after the post-Brexit agreement.
Romain Fournier
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