Category Archives:
Philip Morris beats profit estimates as cost pressures ease amid steady demand
(Reuters) -Philip Morris International on Thursday beat Wall Street expectations for quarterly profit, boosted by a let-up in soaring tobacco and labor costs and buoyant demand for its smokeless Zyn a...
Jul 20, 2023
Newmont misses quarterly profit estimates
(Reuters) - Gold miner Newmont missed Wall Street estimates for second-quarter profit on Thursday, hurt by lower production due to strikes in Mexico and Canadian wildfires and higher costs. On an adju...
Jul 20, 2023
American Airlines raises 2023 profit forecast on travel boom
(Reuters) -American Airlines raised its annual forecast for adjusted profit on Thursday, powered by strong demand for domestic and international travel despite fears of a looming economic slowdown. Ma...
Jul 20, 2023
Blackstone’s quarterly earnings slump 39% as asset sales plummet
By Chibuike Oguh NEW YORK (Reuters) - Blackstone Inc said on Thursday its second-quarter distributable earnings slumped nearly 40%, owing to a sharp drop in asset sales mostly from its real estate and...
Jul 20, 2023
UK antitrust regulator: We await new Microsoft proposal on Activision deal
LONDON (Reuters) - Britain's antitrust regulator is waiting for Microsoft to submit a modified deal structure to buy "Call of Duty" maker Activision Blizzard, its boss Sarah Cardell said on Thursday. ...
Jul 20, 2023
Global hedge funds ditch losing trades after failing to beat the MSCI – Goldman
By Nell Mackenzie LONDON (Reuters) - Global hedge funds exited trades in the past week at their fastest pace since January and at one of the highest rates seen in the last five years, as recession bet...
Jul 20, 2023
Chinese automakers sold 75% of EVs in Southeast Asia in Q1 – study
By Devjyot Ghoshal BANGKOK (Reuters) - Chinese automakers dominated Southeast Asia's fast-growing electric vehicle market, selling three out of every four EVs in the first quarter, research firm Count...
Jul 20, 2023
Truist misses profit estimates amid bigger credit-loss provisions
(Reuters) - Truist Financial missed estimates for second-quarter profit on Thursday, as the bank set aside more rainy-day funds to cover for potential defaults in a tough economy. Banks have begun to ...
Jul 20, 2023
Fans flock to Hong Kong to mark 50th anniversary of Bruce Lee’s death
By Joyce Zhou and James Pomfret HONG KONG (Reuters) - Fans from Hong Kong and around the world gathered at the feet of a Bruce Lee statue on Thursday to pay tribute to the late kung fu legend on the 5...
Jul 20, 2023
Some U.S. companies still failing to meet conflict minerals rules, GAO says
NAIROBI (Reuters) - Some U.S. companies buying minerals from countries including the Democratic Republic of Congo and its eastern neighbours are still failing to properly authenticate that the metals ...
Jul 20, 2023
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