Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

Business|Economy|Finance

Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs

Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input

Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs
Economy|Finance

Canada's capital gains tax target falls short by C$2 billion, says budget officer

Canadian federal government's target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis released on

Canada's capital gains tax target falls short by C$2 billion, says budget officer
Economy|Finance|Stock Markets

Wall Street slides after weak data kills early rally

The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred

Wall Street slides after weak data kills early rally
Americas|Economy|Election

Venezuela's oil industry operating normally amid election protests

Venezuela's oil production and exports were working normally on Thursday following last weekend's disputed presidential election that has triggered protests and international

Venezuela's oil industry operating normally amid election protests
Business|Economy

Law firm Skadden hires Gonzalez-Sussman from Olshan

Law firm Skadden on Thursday said it hired a veteran attorney to head its shareholder engagement and activism practice at a time more investors are pushing corporations to change

Law firm Skadden hires Gonzalez-Sussman from Olshan
Americas|Business|Economy

Hess shares fall most in 20 months on lengthy new delay to Chevron sale

Shares in U.S. oil producer Hess suffered their largest daily percentage drop in 20 months on Thursday on fallout from the lengthy new delay to its proposed sale to Chevron An

Hess shares fall most in 20 months on lengthy new delay to Chevron sale
Economy|Finance

German finance ministry advisory board doubtful about efforts to reduce budget gap

The advisory board to the German Finance Ministry sees the three options under consideration to reduce a 17 billion euro ($18 billion) budget shortfall as

German finance ministry advisory board doubtful about efforts to reduce budget gap
Business|Economy|Europe|Finance

UK firms scale back expected wage growth, BoE survey shows

British businesses' expectations for wage growth in the next 12 months cooled slightly in July, according to a survey that could help ease the concerns of Bank of England

UK firms scale back expected wage growth, BoE survey shows
Business|Economy|Finance|Stock Markets

Cummins raises full-year outlook as demand picks up steam

U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up

Cummins raises full-year outlook as demand picks up steam
Africa|Business|Economy

Ethiopian local authorities crack down on price hikes after currency float

At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national

Ethiopian local authorities crack down on price hikes after currency float
Business|Economy|Europe

EU seeking feedback on draft antitrust guidelines on exclusionary abuses

The European Commission said on Thursday it had launched a public consultation inviting all interested parties to comment on draft guidelines on exclusionary abuses of dominance,

EU seeking feedback on draft antitrust guidelines on exclusionary abuses
Business|Economy

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports

Elliott Management has proposed board expansion and governance improvement at coffee chain Starbucks as part of a settlement that would allow CEO Laxman Narasimhan to keep his position,

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports
Business|Economy|Finance

Dominion Energy posts fall in second-quarter profit on higher expenses

Dominion Energy posted a fall in second-quarter profit on Thursday, as higher interest and maintenance costs weighed on the electric utility.

Dominion Energy posts fall in second-quarter profit on higher expenses
Business|Economy

US navy shipbuilder Huntington Ingalls beats second-quarter estimates

Huntington Ingalls on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and

US navy shipbuilder Huntington Ingalls beats second-quarter estimates
Business|Economy

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake

Occidental Petroleum said on Thursday that Colombia's Ecopetrol will not buy a stake in shale oil producer CrownRock after the U.S. company said last month they were in talks for a

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake
Economy|Europe

ECB's Stournaras raises risk of too low inflation, Platow reports

A weak euro zone economy may drag inflation below the European Central Bank's 2% target, ECB policymaker Yannis Stournaras said in an interview published on Thursday, reaffirming

ECB's Stournaras raises risk of too low inflation, Platow reports
Business|Economy|Europe

Ferrari lifts forecasts on pricier models and personal touches

Pricier models such as the Daytona SP3 and growing demand from buyers for personal touches helped Ferrari beat second-quarter results forecasts on Thursday and

Ferrari lifts forecasts on pricier models and personal touches
Business|Economy|Finance

Hershey trims annual forecasts as higher prices dent demand

Hershey cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT?

Hershey trims annual forecasts as higher prices dent demand
Economy|Finance

Bank of England cuts rates from 16-year high

The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently

Bank of England cuts rates from 16-year high
Business|Economy|Finance|Stock Markets

NYSE-parent ICE beats profit views, helped by boost in energy trading

Intercontinental Exchange on Thursday reported a quarterly profit rise of 9% that topped analyst estimates, helped by robust trading in energy markets.

NYSE-parent ICE beats profit views, helped by boost in energy trading
Business|Economy|Finance

Ball Corp's second-quarter profit beats as cost savings pay off

Ball Corp reported a second-quarter profit on Thursday that beat analysts' estimates as the beer can maker benefited from cost-reduction plans and lower input costs.

Ball Corp's second-quarter profit beats as cost savings pay off
Business|Economy|Finance|Stock Markets

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024

U.S. oil and gas producer ConocoPhillips' second-quarter profit beat Wall Street estimates on Thursday, benefiting from higher output and commodity prices.

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024
Business|Economy|Finance

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers

Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an "intense competitive battle" for the price-sensitive leisure

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers
Business|Economy|Finance

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes

HF Sinclair reported a quarterly profit on Thursday that beat analysts' estimates as it processed higher volumes of crude oil and on strength at its lubricants and midstream units, all of

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes
Asia|Economy

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector

Hong Kong's June retail sales fell 9.7% from a year earlier, government data showed on Thursday, reflecting the changing consumption patterns of visitors and residents and the

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector

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