Category Archives:
Philips CEO: China business, supply chain undergoing major changes
By Toby Sterling AMSTERDAM (Reuters) - Making more products for China locally and buying chips from several suppliers are just two of the supply chain changes Dutch healthcare technology firm Philips ...
Oct 19, 2023
Fifth Third expects further interest income weakness after quarterly profit falls
(Reuters) - Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. Funding costs of lenders ha...
Oct 19, 2023
Exclusive-Aviation war insurers cancel some cover for Israel, Lebanon-sources
By Carolyn Cohn, Noor Zainab Hussain and Steven Scheer LONDON (Reuters) - Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the confl...
Oct 19, 2023
Royalty Pharma to pay $1 billion for Roche’s SMA drug royalties
(Reuters) - Royalty Pharma said on Thursday it has purchased additional royalties on Roche and PTC Therapeutics' oral spinal muscular atrophy (SMA) drug for an upfront payment of $1 billion. Risdiplam...
Oct 19, 2023
KeyCorp posts smaller-than-expected drop in Q3 profit on lower rainy day funds
(Reuters) - KeyCorp on Thursday reported a lower-than-expected drop in its quarterly profit as smaller rainy-day funds cushioned a hit from a decline in its net interest income. Shares of the lender r...
Oct 19, 2023
More Chinese state companies announce share purchases in a sinking market
SHANGHAI/SINGAPORE (Reuters) - At least seven listed companies owned by China's central government said late on Thursday that their controlling shareholders planned to increase holdings or buy back sh...
Oct 19, 2023
Genuine Parts hikes profit forecast on strong auto parts demand
(Reuters) - Automotive parts distributor Genuine Parts on Thursday raised its profit forecast for 2023 driven by robust demand for replacement parts. Labor shortages and elevated input costs have shot...
Oct 19, 2023
Freeport-McMoRan beats quarterly profit estimates on production boost
(Reuters) -Copper miner Freeport-McMoRan beat Wall Street estimates for third-quarter profit on Thursday and slightly raised its full-year copper sales outlook as it began shipments from Indonesia. Sh...
Oct 19, 2023
Shein plans to ship Brazil-made products around Latin America from 2026
By Andre Romani SAO PAULO (Reuters) - Chinese online fast-fashion retailer Shein plans to start shipping the products it makes in Brazil to other markets in Latin America in 2026, its Brazilian produc...
Oct 19, 2023
India’s Cyient beats Q2 revenue estimates on sustainability, transport demand
BENGALURU (Reuters) - India's Cyient on Thursday reported a bigger-than-expected rise in its second-quarter revenue on strong growth in sustainability and transportation segments. The engineering and ...
Oct 19, 2023
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