Category Archives:
Brazil motor maker WEG posts Q2 net profit up 50%
SAO PAULO (Reuters) - Brazilian motor maker WEG SA reported a 50% jump in net profit, saying that "good demand" in the main regions where it operates helped it post positive figures. WEG, which in the...
Jul 19, 2023
Nasdaq beats profit estimates on steady demand for investment products
(Reuters) - Exchange operator Nasdaq beat estimates for second-quarter profit on Wednesday on the back of consistent demand for its investment-related products and capital markets solutions such as an...
Jul 19, 2023
Bain Capital raises $1.15 billion for first fund dedicated to insurance investments
By David French (Reuters) - Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies...
Jul 19, 2023
Wall collapse kills 11 workers during heavy monsoon rains in Pakistan
ISLAMABAD (Reuters) - At least 11 construction workers were killed on Wednesday when a wall collapsed on them during heavy monsoon rains on the outskirts of Islamabad, police said. The workers, from a...
Jul 19, 2023
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) - M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve's rapid rate hikes to tame inflation boosted the lender's interest incom...
Jul 19, 2023
Citizens Financial beats second-quarter profit estimates on interest income boost
(Reuters) - Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders' net interest income rose in a high-interest-rate environment. The upbeat results follo...
Jul 19, 2023
Societe Generale obtains France’s first crypto licence
LONDON (Reuters) - French bank Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto glo...
Jul 19, 2023
Carvana enters deal with noteholders to cut debt by $1.2 billion
(Reuters) -Used-car retailer Carvana said on Wednesday it has signed an agreement to reduce its total debt outstanding by over $1.2 billion, sending its shares up 31% in premarket trading. The agreeme...
Jul 19, 2023
Bank of England rate hike bets recede after inflation drops
By Andy Bruce LONDON (Reuters) - Investors scaled back their bets that the Bank of England will hike interest rates aggressively after lower-than-expected inflation numbers on Wednesday prompted a hug...
Jul 19, 2023
China’s central bank structural policy tools rise to $952 billion
BEIJING (Reuters) - China's outstanding structural policy tools totalled 6.87 trillion yuan ($952.14 billion) at the end of June, the central bank said on Wednesday, up 0.7% from 6.82 trillion yuan at...
Jul 19, 2023
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