Category Archives:
China’s yuan extends slide, stocks rebound after fire sale
SHANGHAI (Reuters) -China's yuan extended its decline on Tuesday to a near 15-year low, following Monday's sell-off in Chinese assets by global investors worried about Beijing's policy direction, but ...
Oct 25, 2022
S.Korea should prioritise inflation control, IMF official says
SEOUL (Reuters) - South Korea's central bank, the Bank of Korea, should keep up efforts to prioritise inflation control, even as it faces a trade-off with growth, a senior official of the Internationa...
Oct 25, 2022
Telecoms group Orange says Spain returned to growth in Q3, confirms targets
PARIS (Reuters) - Orange, France's biggest telecoms operator, said its third-quarter core operating profits edged up by 0.2% on a comparable basis from a year earlier, driven notably by its cost savin...
Oct 25, 2022
Air Liquide Q3 sales narrowly beat expectations as costs rise
(Reuters) - French industrial gases company Air Liquide reported on Tuesday slightly better-than-expected third quarter sales, helped by growth in all its segments amid growing energy costs. The suppl...
Oct 25, 2022
Covestro cuts profit outlook again on energy, raw material costs
(Reuters) -German chemicals maker Covestro on Tuesday cut its 2022 earnings guidance for the third time this year and reported weaker-than-expected quarterly profits, blaming high gas and raw material...
Oct 25, 2022
Software maker SAP’s Q3 results fall short of expectations
BERLIN (Reuters) - Business software maker SAP reported slower than expected revenue growth and a drop in profits for the third quarter, citing lower contribution from software licenses revenue as wel...
Oct 25, 2022
Norsk Hydro Q3 beats forecast, outlook more uncertain
OSLO (Reuters) - Norwegian aluminium producer Norsk Hydro on Tuesday posted third-quarter profits well above expectations but said its outlook had been made more uncertain as high energy prices and in...
Oct 25, 2022
Novartis earnings slip 4% on strong dollar, Gilenya competition
By Ludwig Burger (Reuters) -Quarterly operating income at Swiss drugmaker Novartis slipped as competition weighed on prescriptions of multiple sclerosis drug Gilenya, but the earnings outlook at gener...
Oct 25, 2022
Cryptoverse: British pound fiasco boosts bitcoin’s hedge appeal
By Lisa Pauline Mattackal (Reuters) - As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin. After Britain's brief Prime Minister Liz Truss unl...
Oct 25, 2022
U.S. nitrogen exports jump as Europe scrambles for fertilizer
By Rod Nickel, Mark Weinraub and Maytaal Angel CHICAGO/LONDON (Reuters) - U.S. exports of nitrogen fertilizers jumped to a multi-year high this summer after surging natural gas prices in Europe drove ...
Oct 25, 2022
Peoria, IL, USA
42 °F Partly cloudy
