North America:

  • Tesla exported 20,393 China-made vehicles in February, according to the China Manufacturers' Association (CPCA).
  • JPMorgan has reduced private credit lending following markdowns on loan portfolios.
  • Amazon announces a 23-billion-zloty investment in Poland for 2026-2028, accelerating its commitment to the country.
  • Oracle reports a surge in AI cloud revenue, boosting tech shares and easing concerns over AI infrastructure spending.
  • Meta's WhatsApp introduces parent-managed accounts for pre-teens, enhancing controls for messaging, calling, and privacy.
  • Netflix is set to acquire Ben Affleck's AI filmmaking firm, InterPositive, for up to $600 million.

Europe:

  • BMW reports its 2025 annual financial results, showing resilience despite U.S. tariffs and a weakening Chinese market, while adopting a cautious 2026 outlook and raising its dividend unexpectedly.
  • RWE reports a 10% decline in 2025 adjusted EBITDA to €5.1 billion, surpassing market expectations of €4.9 billion, and a 22% drop in adjusted net profit to €1.8 billion, slightly above consensus.
  • Generali reports record 2025 net profit, a €500 million share buyback, increased dividend, and strong solvency ratio, driven by growth across all segments.
  • Daimler Truck reports a 29% decline in Q4 adjusted EBIT and an 11% fall in revenue, with a 13% rise in final-quarter order intake, while projecting a modest 2026 margin outlook.
  • Deutsche Bank reports a 6% increase in its private credit portfolio to €26 billion, while warning of growing risks in the $2 trillion private credit sector.
  • Leonardo reports a 15% rise in 2025 net profit to €1.3 billion, announces a 21% higher dividend, and projects 2026 revenues of €21 billion.
  • Zalando reports strong 2025 results, driven by AI, announces a €300 million share buyback, and projects significant growth and increased adjusted EBIT for 2026.
  • Cemex sells Colombian assets, including a cement plant and other facilities, to Holcim for $485 million as part of its portfolio rebalancing.

Rest of World:

  • Honda Motor expects up to $15.7 billion in losses and its first annual net loss in decades due to a reassessment of its EV strategy, including canceled models and revised earnings forecasts.
  • SoftBank-backed PayPay launched its U.S. IPO on Nasdaq, pricing shares at $16 each, raising $880 million amid a challenging market environment.
  • Korea Zinc projects a 17%-19% profit margin from its planned U.S. smelter, which is expected to break even between 2030-31, as part of its North American expansion strategy.
  • GLP is targeting a $20 billion valuation for a potential Hong Kong IPO this year.
  • CITIC Securities' Hong Kong subsidiary is under investigation by Hong Kong regulators over compliance concerns, with raids conducted and documents seized as part of a broader crackdown on brokerages.
  • Guotai Junan International is under investigation by Hong Kong regulators for alleged insider dealing, leading to the arrest of individuals, document seizures, and potential stock impact.
  • Eli Lilly announces a ¥20 billion investment in its Kobe Seishin plant to expand pharmaceutical production.