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Refinitiv data shows further improvement in Q1 U.S. earnings forecast
NEW YORK (Reuters) - The estimated decline in first-quarter S&P 500 earnings is now at 0.7% year-over-year, compared with an estimated decline of 1.9% a week ago and a drop of 5.1% at the start of Apr...
Syndicated Content May 05, 2023
Italian Treasury ready to back KKR-CDP joint bid for Telecom Italia’s grid
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) -Italy's Treasury is ready to back a joint purchase proposal for Telecom Italia's (TIM) grid by KKR and state lender CDP in a bid to end a stalemate...
Syndicated Content May 05, 2023
Spain gives Vivendi approval to raise stake in media group Prisa
MADRID (Reuters) - Spanish media company Prisa said on Friday its second-largest shareholder Vivendi, had obtained the Spanish government's go-ahead to raise its stake in the publisher of the El Pais ...
Syndicated Content May 05, 2023
Brazil’s Haddad backs longer-term target for inflation, no talk of goal change
BRASILIA (Reuters) - Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates. He add...
Syndicated Content May 05, 2023
Spain’s unions and employers agree to raise wages by 4% in 2023
MADRID (Reuters) - Spain's main unions and representatives of employers reached a preliminary agreement on Friday to grant a 4% wage increase across the board in 2023, El Pais newspaper reported, citi...
Syndicated Content May 05, 2023
Republic First Bancorp cuts jobs in preparation to exit mortgage business
(Reuters) - Republic First Bancorp said on Friday it cut jobs in its commercial lending unit as the lender prepares to exit its mortgage origination business. The Philadelphia-based regional bank said...
Syndicated Content May 05, 2023
Australia to predict lower unemployment, higher wages in looming budget
SYDNEY (Reuters) - Australia's government is set to cut its forecasts for inflation while also predicting lower unemployment for longer in 2023/24 budget next week, a mix that it hopes will generate m...
Syndicated Content May 05, 2023
Meta Platforms scoops up AI networking chip team from Graphcore
By Katie Paul (Reuters) - Meta Platforms Inc has hired an Oslo-based team that until late last year was building artificial-intelligence networking technology at British chip unicorn Graphcore. A Meta...
Syndicated Content May 05, 2023
Instant View: Canada gains 41,400 jobs in April, jobless rate holds at 5.0%
TORONTO (Reuters) - Canada's economy gained a net 41,400 jobs in April, entirely in part-time work and ahead of analyst forecasts, Statistics Canada data showed on Friday. The jobless rate held at 5.0...
Syndicated Content May 05, 2023
Solid April US jobs report undermines case for Fed cut soon
NEW YORK (Reuters) - U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength that could see the Federal Reserve keeping interest rates highe...
Syndicated Content May 05, 2023
Peoria, IL, USA
69 °F Thunderstorm In Vicinity
