BP Plc reported first-quarter profit that was more than double analysts' estimates as earnings from refining and trading offset lower crude prices.
... * CSI300 -0.6 pct; SSEC: -0.3 pct; HSI: -0.1 pct. * Banks surge on speculation the central bank may buy assets. * ChiNext shares slump on valuation concerns.
... * Drop in healthcare stocks leads U.S. shares lower. * Reshuffled Greek negotiating team helps European shares. * Euro gains on Greece optimism.
The nation's largest airlines last week reported ridiculous - for them - first-quarter profits. And it had far less to do with the price of oil and jet fuel than you've probably read.
Honda Motor Co. forecast profit that fell short of analyst estimates as the Japanese carmaker recovers from its worst vehicle recalls in decades and as weaker overseas currencies erode earnings.