Category Archives:
Russian inflation risks must ease to make room for rate cut – central bank
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) - Inflationary risks in Russia must decrease in order to create room f...
Apr 20, 2023
AutoNation’s quarterly profit tumbles on cooling used-vehicle demand
(Reuters) - Auto retailer AutoNation Inc on Thursday reported a 20% fall in first-quarter profit as higher new vehicle and after-sales revenue was offset by weakness in used vehicle and customer finan...
Apr 20, 2023
Fifth Third Bancorp profit rises 13% as higher rates bolster interest income
(Reuters) - Fifth Third Bancorp reported a near 13% rise in first-quarter profit on Thursday as the lender's income was bolstered by a slew of interest rate hikes by the U.S. Federal Reserve. Banks ha...
Apr 20, 2023
Luxury industry under scrutiny as EU targets Gucci and others
PARIS (Reuters) - Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a Gucci facility in Milan as part of an investi...
Apr 20, 2023
Tesla to feel commodity cost pain until second half of 2023
By Aditya Soni and Akash Sriram (Reuters) - A recent pullback in commodity prices will aid Tesla Inc's bruised margins only in the second half of the year, signalling more near-term pain for the elect...
Apr 20, 2023
Solar firm Sunnova gets $3 billion loan guarantee from US energy department
(Reuters) - Sunnova Energy International said on Thursday the U.S. Department of Energy (DOE) will provide the solar company up to $3 billion in a partial loan guarantee to expand clean energy access....
Apr 20, 2023
Philip Morris trims annual profit forecast on elevated costs
(Reuters) - Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday hit by rising tobacco leaf prices, energy and labor costs, which have squeezed the company's pr...
Apr 20, 2023
Blackstone’s first-quarter earnings plunge on real estate slowdown
NEW YORK (Reuters) - Blackstone Inc, the biggest manager of assets such as private equity and real estate, said on Thursday its first-quarter distributable earnings fell 36% year-on-year, as a weak pr...
Apr 20, 2023
AmEx profit takes a hit from reserve buildup as slowdown worries rise
(Reuters) -American Express Co's first-quarter profit missed Wall Street estimates as the credit card giant set aside more money to cover potential losses stemming from cardholders falling behind on d...
Apr 20, 2023
Indian court orders YouTube to remove fake news on Bachchan grandchild
NEW DELHI (Reuters) - The Delhi High Court on Thursday ordered YouTube to remove fake news videos about the grand-daughter of Bollywood superstar Amitabh Bachchan, in response to her petition to stop ...
Apr 20, 2023
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