Category Archives:
Bank of Canada set for another supersized hike even as outlook darkens
By Julie Gordon OTTAWA (Reuters) - The Bank of Canada is widely expected to raise rates by another three-quarters of a percentage point to a fresh 14-year high, as stubbornly broad and persistent infl...
Oct 26, 2022
Catering group Sodexo sees 2023 revenue, margins returning to 2019 levels
(Reuters) - French catering and food services group Sodexo onWednesday said it expected 2023 revenue and profit margins to hit 2019 levels, as events and retail sites restarted and more people returne...
Oct 26, 2022
Mercedes-Benz raises outlook for cars division to 13-15%
BERLIN (Reuters) -Mercedes-Benz raised its forecast for adjusted return on sales for the full year for its cars division to 13-15% from 12-14% as third-quarter earnings rose to 5.2 billion euros ($5.1...
Oct 26, 2022
Santander’s Q3 net profit rises 11%, provisions up
MADRID (Reuters) - Spain's Santander said on Wednesday its net profit in the third quarter rose 11% from the same period in 2021 as rising banking revenues offset higher provisions in some of its main...
Oct 26, 2022
Marketmind: Dancing in the dark
A look at the day ahead in European and global markets from Vidya Ranganathan The Federal Reserve's blackout period has markets grasping at straws -- home prices, sentiment indicators, Microsoft's clo...
Oct 26, 2022
U.S. midterm outcome in certain states could affect approach to energy
By Laila Kearney NEW YORK (Reuters) - Oregon's cap-and-trade program, Maryland's net-zero emissions targets, and Arizona's solar subsidies all hang in the balance in upcoming midterm elections, and th...
Oct 26, 2022
LG Display reports Q3 loss as downturn undermines device demand
SEOUL (Reuters) - South Korean flat-screen maker LG Display Co Ltd posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to...
Oct 25, 2022
StanChart Q3 profit beats estimates with 40% profit jump, raises income outlook
SINGAPORE (Reuters) - Standard Chartered posted a 40% increase in quarterly profit, as the emerging markets-focused bank benefited from a sharp rise in income on higher interest rates. The improved pe...
Oct 25, 2022
World Bank warns Solomon Islands of unsustainable debt without reform
By Lucy Craymer WELLINGTON (Reuters) - The Solomon Islands will need to implement fiscal reforms such as alterations to its tax system and more efficient public spending or its debt levels may become ...
Oct 25, 2022
Australian regulator appeals dismissal of petition against CBA, unit by court
(Reuters) - Australia's corporate regulator said it had appealed the Federal Court's decision to dismiss its petition against the Commonwealth Bank of Australia and its pension unit on allegations of ...
Oct 25, 2022
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