Corporate results:

  • Allianz almost doubles fourth-quarter net income.
  • BASF increases cost reductions in Germany and announces a rebound in earnings.
  • Booking plunged 9% after its quarterly results.
  • Deutsche Telekom forecasts another strong year in 2024.
  • MercadoLibre plunged 9% after its quarterly results.
  • Standard Chartered improved earnings by 18% and announces a $1 billion share buyback.
  • Vale suffers a sharp drop in results.

In other news:

  • 30 billion chemicals deal between Adnoc and Austria's OMV stalled, according to the FT.
  • Nvidia identifies Huawei as its main competitor for the first time in a statement.
  • Diageo is said to be exploring the sale of secondary brands, including Pimm's.
  • The European Medicines Agency is expected to rule on the extended use of Novo Nordisk 's obesity drug by April.
  • Indivior consulted shareholders on the transfer of its main listing from London to the USA.
  • Volvo Car offers to distribute 62.7% of its stake in Polestar to its shareholders.
  • AT&T announced that the outage that disrupted thousands of users in the USA was not caused by a cyber attack.
  • EQT may sell and list school operator Nord Anglia in the USA.
  • ABB boss Bjorn Rosengren is to step down on August 1, to be replaced by Morten Wierod.
  • Eni considers listing or selling a minority stake in its Enilive unit.
  • Georg Fischer abandons its capital increase.
  • AstraZeneca completes acquisition of Gracell Biotechnologies.
  • Meyer Burger closed its German site and strengthened its US presence.
  • UBS considers the sale of Credit Suisse's investment banking operations in Turkey.
  • Reddit filed a base document for an IPO on Wall Street.