• Reuters

    GLOBAL MARKETS-Stocks gear up for Big Tech earnings; yen sits near danger zone

    Global shares rose on Tuesday, driven by a recovery on Wall Street, where investors focus on earnings reports from the U.S. megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials. Adding to the optimism was a series of surveys of business activity that showed Germany returned to growth in early April after months of contraction, while activity in the broader euro zone expanded at its fastest clip in nearly a year. Investors are less concerned right now about the threat of a major re-escalation of tension in the Middle East and more focused on earnings.

  • Reuters

    Philip Morris results beat estimates on demand for heated tobacco sticks

    Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches. The Marlboro maker's flagship heated tobacco device IQOS, expected to launch in the United States in the second quarter, has been a driving force behind its effort to make more money from alternatives to traditional cigarettes. The company's first-quarter revenue of $8.79 billion beat market expectations of $8.47 billion, according to LSEG data.

  • PA Media: Sport

    Erik Ten Hag says reaction to Manchester United’s FA Cup win was ’embarrassing’

    The club have faced criticism after letting a 3-0 lead slip against second-tier Coventry at Wembley.