Category Archives:
Loblaw misses revenue estimates as inflation-hit consumers cut spending
(Reuters) - Canadian retail group Loblaw Cos Ltd reported quarterly revenue below estimates on Wednesday as consumers rein in discretionary spending amid high inflation. Total second-quarter revenue r...
Jul 27, 2022
Russian central bank looks to spread risks across banking sector – Expert magazine
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) - As Russian banks contend with foreign currency and payment headaches...
Jul 27, 2022
Toyota, Suzuki to partially shut Pakistan output over forex, shortage issues
By Syed Raza Hassan KARACHI, Pakistan (Reuters) - Pakistan's two leading car assemblers, Toyota and Suzuki, plan partial plant shutdowns next month due to unavailability of raw material amid import re...
Jul 27, 2022
More sovereign wealth funds adopt a formal ESG policy – study
By Simon Jessop LONDON (Reuters) - Three quarters of the world's sovereign wealth funds now have a formal policy on environmental, social and governance investing, yet just 30% have set a target to re...
Jul 27, 2022
Kremlin: Gazprom is supplying as much gas to Europe as possible
MOSCOW (Reuters) - Russia's Gazprom is supplying as much gas to Europe as possible, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, adding that sanctions-driven technical issues with equi...
Jul 27, 2022
Spotify’s quarterly revenue, user growth beats expectations
STOCKHOLM (Reuters) -Spotify reported second-quarter revenue above analysts' estimates on Wednesday, helped by a 14% jump in paying subscribers as more users listened to its podcasts, and the company ...
Jul 27, 2022
Hilton raises 2022 profit forecast on strong travel demand
(Reuters) -Hilton Worldwide Holdings Inc on Wednesday raised its full-year profit forecast, as the hotel operator expects to benefit from a resurgence in travel. Hilton stands to gain as Americans spe...
Jul 27, 2022
Gunmaker executives to testify to U.S. House hearing on mass shootings
By Moira Warburton and Rose Horowitch WASHINGTON (Reuters) - Executives from major gun manufacturers are set to testify on Wednesday before a U.S. House of Representatives panel investigating recent m...
Jul 27, 2022
Exclusive-Cassava Sciences faces U.S. criminal probe tied to Alzheimer’s drug, sources say
By Marisa Taylor and Mike Spector WASHINGTON (Reuters) - The U.S. Justice Department has opened a criminal investigation into Cassava Sciences Inc involving whether the biotech company manipulated res...
Jul 27, 2022
Betting on a recession, U.S. distressed debt funds seek fresh capital
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) - Several U.S. distressed debt asset managers are in fundraising talks with investors to boost their firepower, anticipating that a recession ...
Jul 27, 2022
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