Category Archives:
Swatch Group sticks to outlook as H1 sales, profit advance
ZURICH (Reuters) -Swatch Group stuck to its forecast that sales would rise at a double-digit rate this year after reporting on Thursday increasing first-half profit and sales, helped by the success of...
Jul 14, 2022
Lloyds offers extra support to 2 million customers as cost rises hit hard
By Iain Withers and Sinead Cruise LONDON (Reuters) - Britain's biggest domestic lender Lloyds Banking Group contacted 2 million of its 26 million customers in May after identifying they could need ext...
Jul 14, 2022
Ericsson’s second-quarter core profit misses estimates
STOCKHOLM (Reuters) - Sweden's Ericsson, under the shadow of bribery investigations, on Thursday reported a rise in second-quarter core earnings but missed expectations as increased component and logi...
Jul 14, 2022
Bank SEB’s Q2 net profit beats expectations
STOCKHOLM (Reuters) - Swedish bank SEB reported a smaller drop than forecast in net profit for the second quarter on Thursday and said credit losses were likely to remain at a low level for the full y...
Jul 14, 2022
U.S. gasoline prices are finally falling. Why?
By Laura Sanicola (Reuters) - After exceeding $5 a gallon for the first time in history, U.S. gasoline prices are finally falling, giving some relief to consumers in the world's largest user of the fu...
Jul 14, 2022
Pepco revenue rises as inflation-hit shoppers lean on discount stores
BENGALURU (Reuters) -Poundland and Dealz owner Pepco Group on Thursday posted a 17.1% rise in third-quarter revenue as cash-strapped shoppers fuelled demand at its discount stores. Revenue rose to 1.2...
Jul 14, 2022
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA (Reuters) - The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank's benchmark interest rates, given an expansion in economic activity early th...
Jul 13, 2022
U.S. venture capital dealmaking slows on economic uncertainty
(Reuters) - Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions a...
Jul 13, 2022
Back-to-school spending to set record on pricier supplies – report
By Deborah Mary Sophia (Reuters) - Retailers are set for the strongest back-to-school shopping season on record as inflation drives up prices of clothes and supplies and more students return to physic...
Jul 13, 2022
Net zero climate target could fail without more copper supply – report
By Ernest Scheyder (Reuters) - Efforts to reach carbon neutrality by 2050 are likely to remain out of reach as copper supply fails to match demand amid growing use of solar panels, electric vehicles a...
Jul 13, 2022
Peoria, IL, USA
49 °F Partly cloudy
