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Eurozone suffers double-dip recession as pandemic impact continues (SPY -0.6%). Biggest premarket movers: Twitter, Skyworks Solutions, Western Digital. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. Canadas Oil Patch Is Preparing For A Production Hike At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, CanadasOil Patch appears to be merely paying lip service to the notion of keeping production subdued. Like everybody else, Canadas oil and gas producers have been preaching capital discipline and assuring investors they have no intention of boosting spending, preferring to return capital to investors mainly in the form ....
Schaeffler India Q4 PAT up 67 pc at Rs 142 crore on inventory efficiency dividends ANI | Updated: Feb 17, 2021 15:12 IST Pune (Maharashtra) [India], February 17 (ANI): Industrial and automotive supplier Schaeffler India has posted 67 per cent jump in its consolidated profit after tax for the December quarter at Rs 142 crore. While the higher revenues did help profit through better absorption of fixed costs, the company said it also benefited from fine-tuned inventory policies that reduced funds locked up in working capital cycle. Total revenues moved up by 23 per cent to Rs 1,274 crore. The mobility components vertical showed 25 per cent growth on year-on-year basis and 15 per cent growth on sequential basis. ....