Category Archives:
Higher expenses weigh down U.S. bank profits in 2022 – FDIC
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks reported a 5.8% decline in profits in 2022 as firms spent more on noninterest items and provision expenses against future losses, the Federal Deposit...
Feb 28, 2023
Uniper CEO Maubach steps down shortly after nationalisation
FRANKFURT (Reuters) - Klaus-Dieter Maubach has stepped down as chief executive of Uniper, around two months after the German utility was nationalised as a result of Russian gas cuts from former main s...
Feb 28, 2023
U.S. house price inflation cools further in December
WASHINGTON (Reuters) - U.S. single-family home prices in December increased at their slowest pace since the summer of 2020, surveys showed on Tuesday, but tight supply could limit an anticipated decli...
Feb 28, 2023
U.S. consumer confidence ebbs in February
WASHINGTON (Reuters) - U.S. consumer confidence declined again in February, with the decrease concentrated among households making an annual income of $35,000 or more, though Americans grew more upbea...
Feb 28, 2023
Turkey’s quakes revive concern for northwestern industrial hub
By Birsen Altayli ISTANBUL (Reuters) - Earthquakes in southeastern Turkey that destroyed cities and killed 44,000 people have prompted authorities to look again at how the quake-prone nation might cop...
Feb 28, 2023
Oilfield services firm Atlas Energy aims for $2 billion valuation in U.S. IPO
(Reuters) -Oilfield services firm Atlas Energy Solutions Inc plans to get a valuation of around $2 billion in its initial public offering in the United States, a regulatory filing showed on Tuesday. T...
Feb 28, 2023
Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates
(Reuters) - As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sticky in...
Feb 28, 2023
Israel economy to benefit from judicial reforms, finance minister says
JERUSALEM (Reuters) - Israeli Finance Minister Bezalel Smotrich said on Tuesday he saw the country's economy being strengthened by the government's proposed judicial overhaul, but that he would assume...
Feb 28, 2023
Mexican president says Tesla will build major plant in northern city
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday his government had reached agreement with Tesla Inc. over the company's plan to build a new plant in the northern ...
Feb 28, 2023
Chevron boosts annual share buyback, hikes US spending
By Sabrina Valle HOUSTON (Reuters) - Oil major Chevron Corp on Tuesday raised its share buyback program and reaffirmed its production guidance of more than 3% annual growth by 2027, while increasing s...
Feb 28, 2023
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