Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Business|Economy

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss

Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates, as

Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss
Business|Economy

Moody's tops quarterly profit estimates on strong product demand

Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.

Moody's tops quarterly profit estimates on strong product demand
Business|Economy

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins

Huntington Ingalls reported better-than-expected quarterly earnings on Thursday on the back of demand for aircraft carriers but profit margins were below company estimates, sending shares

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins
Business|Economy

European shares ease after Fed decision, mixed earnings

European shares fell slightly in their first May trading session on Thursday as investors returned from a mid-week holiday to gauge a slew of earnings

European shares ease after Fed decision, mixed earnings
Business|Economy

Commercial aircraft, motor vehicles lift US factory orders

New orders for U.S.-manufactured goods increased solidly in March, boosted by demand for commercial aircraft and motor vehicles, but gains elsewhere were moderate.

Commercial aircraft, motor vehicles lift US factory orders
Business|Economy

Goldman Sachs scraps EU-era bonus cap for top bankers in UK, source says

Goldman Sachs has removed the cap on bonuses for its top bankers in the UK, according to a source familiar with the matter, months after the country axed the policy it had inherited from

Goldman Sachs scraps EU-era bonus cap for top bankers in UK, source says
Business|Economy

Shell not looking at New York relisting at the moment, CEO says

Shell is not actively looking at relisting in New York at the moment, and is focused on share repurchases, CEO Wael Sawan said on Thursday.

Shell not looking at New York relisting at the moment, CEO says
Business|Economy

EOG Resources beats first-quarter profit estimates on higher oil production

EOG Resources beat first-quarter profit estimates on Thursday as the oil and gas firm benefited from higher oil production and prices.

EOG Resources beats first-quarter profit estimates on higher oil production
Business|Economy

Pakistan pushes back deadline for expressions of interest to buy national airline

Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister

Pakistan pushes back deadline for expressions of interest to buy national airline
Business|Economy

FTC to bar Pioneer ex-CEO from Exxon board as condition to deal -WSJ

Exxon Mobil Corp is set to close its $60 billion acquisition of Pioneer Natural Resources after an agreement with antitrust enforcers that will keep former Pioneer CEO Scott

FTC to bar Pioneer ex-CEO from Exxon board as condition to deal -WSJ
Business|Economy

DBS quarterly results trounce forecasts, another record year expected

Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit

DBS quarterly results trounce forecasts, another record year expected
Business|Economy

Aussie lender NAB reports lower profit but hints bank margin squeeze is easing

National Australia Bank posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-

Aussie lender NAB reports lower profit but hints bank margin squeeze is easing
Business|Economy

Carvana shares soar on upbeat forecast for core profit, retail sales

Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit.

Carvana shares soar on upbeat forecast for core profit, retail sales
Economy

Dollar/yen nosesdives again as market watches for BOJ intervention

The dollar tumbled against the yen late Wednesday afternoon, recoiling further from 34-year highs two days after traders said Japanese authorities were buying yen to support their currency

Dollar/yen nosesdives again as market watches for BOJ intervention
Business|Economy

Marathon Oil narrowly beats first quarter profit estimates on higher prices

Oil and gas firm Marathon Oil narrowly beat first-quarter profit estimates on Wednesday, helped by higher oil and liquefied natural gas (LNG) pricing.

Marathon Oil narrowly beats first quarter profit estimates on higher prices
Business|Economy

MetLife Q1 profit rises on higher premiums, investment income

MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments.

MetLife Q1 profit rises on higher premiums, investment income
Business|Economy

Albemarle profit just misses estimates on weak lithium prices

Albemarle, the world's largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter profit estimates on lower prices.

Albemarle profit just misses estimates on weak lithium prices
Business|Economy

Devon Energy beats Q1 profit estimate on higher production

U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production from Delaware basin helped it offset a decline in natural gas prices.

Devon Energy beats Q1 profit estimate on higher production
Business|Economy|Environment

First Solar posts higher quarterly profit on strong demand

First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy.

First Solar posts higher quarterly profit on strong demand
Business|Economy

US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports

The Federal Reserve and other top U.S. regulators are forging ahead with their plan to make big banks hold more capital, Bloomberg News reported on Wednesday.

US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports
Business|Economy

Bank of Canada closer to being able to cut rates, Macklem says

The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday.

Bank of Canada closer to being able to cut rates, Macklem says
Business|Economy

Etsy misses first-quarter sales, profit estimates on lower discretionary demand

Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its

Etsy misses first-quarter sales, profit estimates on lower discretionary demand
Business|Economy

FOMC holds rates in place and will slow balance sheet drawdown

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier

FOMC holds rates in place and will slow balance sheet drawdown
Business|Economy

Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall

Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports
Business|Economy

AIG beats profit estimates on underwriting strength

American International Group exceeded first-quarter profit expectations on Wednesday, driven by growth in its general insurance as well as life and retirement divisions, and lower

AIG beats profit estimates on underwriting strength

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