MOSCOW (Reuters) – Iran will soon start accepting payments made with Russia’s Mir bank cards, a top official was quoted by Russia’s RIA news agency as saying, making it the latest country to adopt the Russian-made alternative to Visa and Mastercard. “I think this payment system will be activated in Iran soon,” RIA quoted Iranian …
Iran to start accepting Russian Mir payment cards soon -official Read More »
By Iain Withers and Lawrence White LONDON (Reuters) – Lloyds Banking Group has hiked its dividend and full-year profitability forecast despite lower first-half earnings and a murky outlook for the UK economy, as rising interest rates outpace modest growth in provisions for troubled loans. Britain’s biggest domestic bank reported pretax profits of 3.7 billion pounds …
Lloyds Bank lifts outlook and dividend as rate hikes boost returns Read More »
By Valentina Za MILAN (Reuters) -Italy’s No.2 bank UniCredit raised on Wednesday its 2022 outlook after a surprisingly strong second quarter in which it cut its exposure to Russia and moved ahead with a proposed share buyback it had put on hold. CEO Andrea Orcel told reporters the lender was better placed than some of …
UniCredit raises outlook after strong Q2, says well placed to face crisis Read More »
By Rodrigo Campos (Reuters) – Ukraine’s state-owned gas company Naftogaz said it will default on its international bonds on Tuesday, making it the first government entity to face a hard default in the war-torn country. Ukraine’s economy and state finances have been hit hard by the Russian invasion on Feb. 24, with the government, squeezed …
Factbox-Ukraine’s sovereign and corporate debt crunch Read More »
By Deborah Mary Sophia and Hilary Russ (Reuters) -Chipotle Mexican Grill Inc on Tuesday beat Wall Street estimates for quarterly profits, as multiple rounds of price hikes helped the burrito chain cushion the blow from soaring costs. Shares of the California-based company jumped more than 8% in extended trading as it also said restaurant margins …
Chipotle profits beat estimates on higher prices Read More »
By Paresh Dave and Nivedita Balu (Reuters) -Google parent Alphabet Inc on Tuesday posted quarterly sales close to Wall Street targets, sending shares up on relief that the world’s biggest seller of online advertising had avoided the deep disappointment of rivals including Snap. Sales from Google’s search ad business actually topped expectations, while revenue from …
Google results avoid disaster, with search ads topping Wall Street targets Read More »
By Akash Sriram and Jane Lanhee Lee (Reuters) -Microsoft Corp missed estimates for quarterly revenue on Tuesday, hurt by a stronger dollar, slowing sales of PCs and lower advertiser spending. The results amounted to a slight miss at a time when investors are bracing for disaster, with inflation roaring, consumers cutting spending and many corporations …
Microsoft earnings hurt by slowing PC sales, stronger dollar Read More »
(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday. Credit Suisse did not immediately respond to a Reuters request for comment. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Anil D’Silva)
(Reuters) – S&P Global Ratings said on Tuesday it had revised its outlook on its unsolicited BBB/A-2 ratings on Italy to stable from positive. The ratings agency, which affirmed all of its sovereign ratings on the country, said the stable outlook balances rising risks to the economy and public finances from external and domestic factors. …
S&P revises Italy’s outlook to stable from positive Read More »
(Reuters) -Mondelez International Inc raised its 2022 revenue forecast on Tuesday, driven by strong demand for the Oreo maker’s snacks and chocolates even as it raised prices. Packaged food makers have steadily raised prices on everything from cookies to beef jerky as they try to protect their margins from increased costs tied to labor, ingredients …
Cadbury maker Mondelez raises revenue forecast on steady demand Read More »
