Category Archives:
Advance Auto Parts cuts full-year profit guidance as costs weigh
(Reuters) - Advance Auto Parts Inc lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer's shares down 24% before the opening bell. High raw ...
May 31, 2023
Analysis-Struggling China local governments find a fundraising loophole, lifeline in “pearl bonds”
SHANGHAI/HONG KONG (Reuters) - China's cash-strapped local governments have suddenly rushed to an unusual corner of the debt market in Shanghai where ambiguous rules offer ways to skirt restrictions o...
May 31, 2023
American Airlines raises Q2 profit outlook on lower fuel costs
(Reuters) - American Airlines Group on Wednesday raised its outlook for second-quarter profit as it expects to pay lesser for jet fuel compared to its previous estimate. The company forecast profit in...
May 31, 2023
EU tech chief calls for voluntary AI code of conduct within months
By Philip Blenkinsop LULEA, Sweden (Reuters) - The United States and European Union should push the artificial intelligence (AI) industry to adopt a voluntary code of conduct within months to provide ...
May 31, 2023
India to launch electronics repair pilot project
BENGALURU (Reuters) - India is launching a pilot project aimed at stimulating its electronics repair outsourcing industry by relaxing some import-export rules and environmental laws, the country's IT ...
May 31, 2023
Former NJ governor Chris Christie to announce run for president -source
WASHINGTON (Reuters) -Former New Jersey governor Chris Christie is planning to announce a bid for the 2024 Republican presidential nomination on June 6 in the early nominating state of New Hampshire, ...
May 31, 2023
S&P sees weaker 2023 growth in key African economies as tailwinds fade
JOHANNESBURG (Reuters) - Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the backdrop less favourable and high interest rates deter investment, r...
May 31, 2023
Britain’s Monzo narrows annual loss, IPO ‘some ways down the road’
By Iain Withers LONDON (Reuters) - British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 and said it had reached monthly profitability, as it battles to match som...
May 31, 2023
Economic fears to cap oil prices below $90 through 2023: Reuters poll
By Kavya Guduru (Reuters) - Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this...
May 31, 2023
Michael Kors owner Capri posts upbeat sales, profit on China recovery
(Reuters) -Michael Kors parent Capri Holdings Ltd on Wednesday beat estimates for fourth-quarter revenue and profit, buoyed by a sales rebound in China following easing of pandemic-related curbs late ...
May 31, 2023
Peoria, IL, USA
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