Nidec Corp. raised its annual outlook and said it will buy back shares after reporting quarterly profit and sales that topped analysts’ estimates, underscoring strong demand for motors by automakers and companies seeing higher sales due to the pandemic.
GameStop Corp. extended its eye-popping surge in premarket trading on Monday, more than doubling from Friday’s close as bullish day traders maintained the upper hand over short sellers.
German companies’ optimism in an economic recovery is being tested as extended lockdowns at home and abroad curb activity.
Kotak Mahindra Bank Ltd., India’s third-largest lender by market value, posted December-quarter profit that topped analyst expectations as bad debt fell.
South Africa’s main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers Ltd. was lifted by a surge in partly owned Chinese online giant Tencent Holdings Ltd. Retailer Woolworths Holdings Ltd. was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement.
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