Category Archives:
Mastercard beats profit estimates on resilient spending
(Reuters) - Mastercard Inc on Thursday reported a better-than-expected profit for the fourth quarter as resilient spending volumes helped the payments company cushion the blow from higher expenses. Ma...
Jan 26, 2023
Exclusive-U.S. Energy Department to allocate $118 million to biofuels projects
By Stephanie Kelly NEW YORK (Reuters) - The U.S. Department of Energy (DOE) on Thursday will announce over $100 million in funding to expand U.S. biofuels production, as the Biden administration works...
Jan 26, 2023
Bank of Canada’s Q3 loss spurs government to fix central bank equity problem
By Fergal Smith TORONTO (Reuters) - After the Bank of Canada posted its first ever quarterly loss, the federal government plans to introduce legislation enabling the central bank to retain profits rat...
Jan 26, 2023
China’s CATL German plant targets six battery cell production lines by end-2023
BERLIN (Reuters) - Chinese battery giant CATL is set to install six battery cell production lines by the end of 2023 and hopes to secure approval for 24 gigawatt-hours (GWh of capacity) by June, Matth...
Jan 26, 2023
Rockwell raises FY profit outlook on industrial automation strength
(Reuters) - Rockwell Automation Inc on Thursday raised its 2023 profit outlook on high demand for industrial automation machines amid a tight labor market. Demand in red-hot automation stayed resilien...
Jan 26, 2023
Tissue maker Essity sees bigger energy hit after earnings beat
By Agata Rybska and Louise Rasmussen (Reuters) -Essity beat fourth-quarter earnings forecasts on Thursday as price increases and government aid offset energy costs at the world's second-biggest maker ...
Jan 26, 2023
U.S. futures edge higher on upbeat Tesla outlook, GDP data awaited
(Reuters) - U.S. stock index futures edged higher on Thursday ahead of economic growth data with the Nasdaq climbing nearly half a percent as Tesla's bullish sales outlook eased worries over the fallo...
Jan 26, 2023
Fewer Treasury bills and liquidity questions – what to expect from the U.S. refunding
By Karen Brettell (Reuters) - The U.S. Treasury Department next week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory borrowing limit. A...
Jan 26, 2023
Grain trader ADM hikes dividend as quarterly profit tops estimate
(Reuters) - Archer-Daniels-Midland Co on Thursday reported upbeat fourth-quarter profit and said it will raise its dividend payments, as the global grains merchant benefited from tight global supply a...
Jan 26, 2023
American Airlines forecasts higher profit on buoyant travel demand
(Reuters) - American Airlines on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel. The carrier expects an adjusted p...
Jan 26, 2023
Peoria, IL, USA
38 °F Partly cloudy
