Category Archives:
Hefty losses at foreign funds with holdings in Sri Lankan equities
(Reuters) - Foreign mutual funds which have exposure to Sri Lankan equities have posted steep losses in their net asset values this year, prompting their fund managers to look for ways to trim their h...
Jul 29, 2022
China’s factory activity seen expanding at fastest pace in a year
BEIJING (Reuters) - China's factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emergin...
Jul 29, 2022
BA-owner IAG returns to profitability after COVID-19
LONDON (Reuters) - British Airways-owner IAG on Friday returned to quarterly profitability for the first time since the outbreak of the COVID-19 pandemic, following a "significant" increase in capacit...
Jul 29, 2022
‘Embrace the uncertainty’ from less central bank guidance – former Fed officials
By Lisa Pauline Mattackal (Reuters) - Investors and policymakers should welcome the Federal Reserve's changing tack to provide less definitive signals on forward guidance, even as markets scramble to ...
Jul 29, 2022
UK probes fashion groups ASOS, Boohoo, Asda over ‘green’ claims
(Reuters) - Britain's competition watchdog said on Friday it was investigating fashion brands ASOS, Boohoo Group and George at Asda over eco-friendly and sustainability claims by the companies. "Shoul...
Jul 29, 2022
AstraZeneca beats Q2 profit and revenue estimates
(Reuters) - AstraZeneca on Friday topped analyst expectations for second-quarter profit and revenue, helped by higher demand for its cancer medicines. The London-listed company also raised its full-ye...
Jul 29, 2022
Aston Martin post bigger half-year loss
(Reuters) - British luxury carmaker Aston Martin on Friday reported a bigger loss for the first half of the year, hurt by rising costs and supply chain snarls. The company posted a pre-tax loss of 285...
Jul 29, 2022
Hermes flags strong rebound in China as second quarter sales rise 19.5%
PARIS (Reuters) - Sales at Birkin bag maker Hermes rose sharply in the second quarter, lifted by strong growth in Europe and the U.S., and rebounding strongly in China in June. Sales in the three mont...
Jul 29, 2022
Sony posts 9.6% rise in Q1 profit
TOKYO (Reuters) -Japan's Sony Group Corp on Friday posted a 9.6% rise in first-quarter operating profit, beating analyst estimates. Profit was 307 billion yen ($2.31 billion) in the three months to th...
Jul 29, 2022
NatWest profit rises even as threat from inflation mounts
LONDON (Reuters) -NatWest reported better than expected profit for the first half of the year on Friday, as Bank of England rate hikes lifted its finances despite runaway inflation threatening to crun...
Jul 29, 2022
Peoria, IL, USA
75 °F Sunny
