) on Tuesday forecast higher core profit for 2025 as the Calgary-based pipeline operator expects strong oil and gas demand to lift volumes, sending its U.S.-listed shares up.
Recent U.S. gas utility acquisitions and roughly US$5-billion of secured projects expected to come online in 2024 also contributed to the upbeat forecast, the company said. Bombardier had previously alleged Honeywell of selling propulsion systems to its rivals on more favorable terms, despite guarantees that the Canadian planemaker would get the best price.
The Dallas, Texas-based company’s efforts align with industry trends toward high-speed internet and have already yielded significant customer gains. The company raised the lower end of its 2024 adjusted earnings per share forecast to between $2.20 and US$2.25, compared with analysts’ estimates of US$2.21 per share, according to data compiled by LSEG.
Adjusted to exclude certain items, including impairment charges related to Scotiabank’s investment in China-based Bank of X’ian Co Ltd. and a higher-than-expected tax rate, the bank said it earned $1.57 per share. That fell below the $1.60 per share analysts expected, according to data from the London Stock Exchange Group.
Deliveries of China-made Model 3 and Model Y vehicles recorded a 15.5-per-cent increase from the previous month. In a post on X after the decision, Mr. Musk said that “shareholders should control company votes, not judges.” BlackRock CEO Larry Fink has previously outlined private credit to be a “primary growth driver” within alternatives for BlackRock in coming years.
“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Mr. Trump wrote on his social-media platform Truth Social.Nippon Steel hopes to close the deal before Mr. Trump retakes the White House on January 20, despite opposition from President Joe Biden and a powerful U.S. labour union.
The Brazilian company reiterated it expects to keep increasing iron ore output in the coming years, estimating it to reach between 340 million and 360 million tons in 2026 and about 360 million tons in 2030.
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