Category Archives:
‘Embrace the uncertainty’ from less central bank guidance – former Fed officials
By Lisa Pauline Mattackal (Reuters) - Investors and policymakers should welcome the Federal Reserve's changing tack to provide less definitive signals on forward guidance, even as markets scramble to ...
Jul 29, 2022
UK probes fashion groups ASOS, Boohoo, Asda over ‘green’ claims
(Reuters) - Britain's competition watchdog said on Friday it was investigating fashion brands ASOS, Boohoo Group and George at Asda over eco-friendly and sustainability claims by the companies. "Shoul...
Jul 29, 2022
AstraZeneca beats Q2 profit and revenue estimates
(Reuters) - AstraZeneca on Friday topped analyst expectations for second-quarter profit and revenue, helped by higher demand for its cancer medicines. The London-listed company also raised its full-ye...
Jul 29, 2022
Aston Martin post bigger half-year loss
(Reuters) - British luxury carmaker Aston Martin on Friday reported a bigger loss for the first half of the year, hurt by rising costs and supply chain snarls. The company posted a pre-tax loss of 285...
Jul 29, 2022
Hermes flags strong rebound in China as second quarter sales rise 19.5%
PARIS (Reuters) - Sales at Birkin bag maker Hermes rose sharply in the second quarter, lifted by strong growth in Europe and the U.S., and rebounding strongly in China in June. Sales in the three mont...
Jul 29, 2022
Sony posts 9.6% rise in Q1 profit
TOKYO (Reuters) -Japan's Sony Group Corp on Friday posted a 9.6% rise in first-quarter operating profit, beating analyst estimates. Profit was 307 billion yen ($2.31 billion) in the three months to th...
Jul 29, 2022
NatWest profit rises even as threat from inflation mounts
LONDON (Reuters) -NatWest reported better than expected profit for the first half of the year on Friday, as Bank of England rate hikes lifted its finances despite runaway inflation threatening to crun...
Jul 29, 2022
Swiss National Bank posts biggest ever first half loss
ZURICH (Reuters) -The Swiss National Bank reported a first half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six month loss posted by the central bank since it was set up...
Jul 29, 2022
Russia’s Sakhalin Energy tells LNG buyers to pay via Moscow bank
SINGAPORE (Reuters) - Russia's Sakhalin Energy Investment Co has asked its liquefied natural gas (LNG) customers to make payments via a Moscow unit of a European bank and is negotiating to switch paym...
Jul 29, 2022
Apple faces lukewarm demand in China after quarterly revenue drop -analysts
By Josh Horwitz SHANGHAI (Reuters) - Apple should brace for a weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday, after the iPhone maker said d...
Jul 29, 2022
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