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Merck KGaA raises prospect of return to sales growth next year
By Ludwig Burger FRANKFURT (Reuters) - Germany's diversified group Merck KGaA has raised the prospect of returning to revenue growth next year, recovering from a slump in demand for its specialty mate...
Syndicated Content Oct 19, 2023
TSMC Q3 profit falls 24.9%, beats market forecasts
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and ser...
Syndicated Content Oct 19, 2023
Renault sales up 7.6% thanks to higher prices but forex weighs
By Gilles Guillaume PARIS (Reuters) -French carmaker Renault said on Thursday its revenues rose by 7.6% in the third quarter thanks to sales of higher-end market models, though currency depreciations ...
Syndicated Content Oct 19, 2023
Nestle posts 7.8% rise in nine-month sales, misses estimates
LONDON (Reuters) -Nestle posted lower-than-expected nine-month sales growth on Thursday as higher product prices made shoppers balk and hurt volumes. The packaged goods industry has for over two years...
Syndicated Content Oct 19, 2023
Nokia to cut up to 14,000 jobs after sales drop 20%
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom gear group Nokia on Thursday said it will cut up to 14,000 jobs as part of a new cost savings plan after third-quarter sales drop 20% due to ...
Syndicated Content Oct 19, 2023
Asian FX bears firm on Middle East tensions, hawkish Fed fears: Reuters poll
By Upasana Singh (Reuters) - Investors maintained bearish bets on most emerging Asian currencies as an escalation of the Middle East conflict and prospects of higher-for-longer U.S. interest rates pus...
Syndicated Content Oct 19, 2023
Fed’s Powell to take the stage amid a suddenly choppy landscape
(Reuters) - Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S. central bank in apparent agreement to hold interest rates unchanged at thei...
Syndicated Content Oct 19, 2023
Marketmind: Risk aversion grips markets
A look at the day ahead in European and global markets from Ankur Banerjee Escalating tensions in the Middle East and angst over elevated bond yields have thrown the markets deep into risk-aversion mo...
Syndicated Content Oct 18, 2023
Barclays now expects U.S. Fed rate hike in December
(Reuters) - Barclays forecasts the U.S. Federal Reserve delivering a 25-basis-point hike in December, compared to a prior rate hike expectation in November. U.S. economic activity was little changed o...
Syndicated Content Oct 18, 2023
Chinese-owned pork producer Smithfield prepares for US listing -WSJ
(Reuters) - Smithfield Foods' Chinese owner WH Group is working with banks to take the U.S.-based pork producer public again in the United States, the Wall Street Journal reported on Wednesday, citing...
Syndicated Content Oct 18, 2023
Peoria, IL, USA
47 °F Mist
