Vmoto shares surge on record 127% sales growth
Global electric vehicle manufacturer Vmoto (ASX:VMT) delivered 6,693 units during the first quarter ended March 31.
Global electric vehicle manufacturer Vmoto (ASX:VMT) delivered 6,693 units during the first quarter ended March 31.
Iran's Islamic Revolutionary Guard Corps had seized two ships in Hormuz and brought them to shore for inspection Wednesday, according to reports from Iranian state television. Tyler Kendall has more on Bloomberg Television.
UK inflation accelerated in March, as a surge in energy costs triggered by the Iran war started to hit consumers in the pocket. The consumer prices index rose 3.3% from a year earlier, up from 3% the previous month, the Office for National Statistics said Wednesday. Santander Corporate and Investment Banking Economist Victoria Clarke reacts to the data on Bloomberg Television.
Airlines around the world are grounding more planes to cope with the increases in jet-fuel prices. Global capacity for May has been reduced by about 3 percentage points, with all but one of the 20 largest airlines slashing flights, according to data compiled by analytics firm Cirium Ltd. Lufthansa is scrubbing 20,000 uneconomic short-haul flights from its European summer schedule to save on fuel. Earlier in the week, United Airlines slashed its full-year profit forecast due to higher fuel prices caused by war in the Middle East. Bloomberg's Benedikt Kammel breaks down the situation.
Patrick Brenner, CIO of multi-asset at Schroders, discusses earnings and equity markets. "Earnings have continued to deliver strongly," he tells Bloomberg Television. "As long as earnings are strong, we see no reason why equities should slow down," Brenner adds.
Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
The Australian Government has confirmed the procurement of an additional 200 million litres of diesel fuel from international markets.
FirstWave Cloud Technology (ASX:FCT) announced a competitive tender win with Banco Nacional de Obras y Servicios Públicos (Banobras).
The Federal Government is overhauling the NDIS, removing 150,000 participants and shifting to impact-based assessments to save $15 billion.
Harmoney (ASX:HMY) announced it is on track to meet its FY26 cash NPAT guidance of NZ$13 million.
Northern Star Resources (ASX:NST) has maintained its revised FY26 production guidance of over 1.5 million ounces.
Deutsche Telekom is considering a full combination with its American arm T-Mobile US, a move that would create a multinational telecom group and rank as the largest-ever public M&A deal, people with knowledge of the matter said. Bloomberg's Manuel Baigorri reports.