By Andrey Sychev (Reuters) – Swiss chocolate maker Barry Callebaut posted annual profit growth as it managed to pass on surging cocoa prices to customers, but said it expects a second straight year of flat sales volumes as prices of the key ingredient remain high. Shares in the company were up 3% by 0828 GMT. …
Barry Callebaut sees a second year of flat sales volumes on high cocoa prices Read More »
By Noe Torres MEXICO CITY (Reuters) -The Mexican peso sank against the U.S. dollar as results in the U.S. presidential election rolled in, extending a streak of volatility which has hit the currency in recent days. The peso dropped as low as 20.7710 per dollar for the first time since August 2022, about 3.2% weaker …
Volatile Mexican peso hits 2-year low, traders lean toward Trump win Read More »
(Reuters) – Traders trimmed bets Tuesday on Federal Reserve interest rate cuts next year, as early tallies for the U.S. presidential election rolled in through the evening. Traders of futures contracts tied to the Fed’s policy rate continue to bet the Fed will cut the policy rate by a quarter of a percentage point this …
Traders trim bets on Fed rate cuts in 2025 as early election results tallied Read More »
SEOUL (Reuters) – Korea Zinc’s new share sale plan, which was announced on Oct 30 and worth around $1.8 billion, has been suspended due to a revision order by the South Korean financial regulator, a regulatory filing said on Wednesday. This means the overall schedule related to the share sale may be changed, and if …
Korea Zinc’s $1.8 billion share sale plan suspended due to regulator’s revision order Read More »
By Allison Lampert and Manas Mishra (Reuters) -Spirit AeroSystems, a key supplier to U.S. planemaker Boeing, warned on Tuesday there was “substantial doubt” the company would be able to continue as a going concern. Last month, Spirit Aero said it was burning through dwindling cash reserves, as a strike by Boeing’s U.S. factory workers hammered …
Spirit Aero raises doubts over ability to continue as going concern Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight U.S. presidential election. The Institute for Supply Management said its non-manufacturing purchasing managers index, a gauge …
Stocks jump on Election Day as investors eye outcome Read More »
By Akash Sriram and Stephen Nellis (Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, flagged uncertainty on Tuesday about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company. Shares of the San Jose, California-based server maker fell about 15.5% …
Super Micro shares fall as server maker misses sales targets, annual filing uncertain Read More »
By Nathan Gomes (Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation. The company in 2021 merged its software units with smaller rival Aspen Technology and took control of about …
Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia are bracing for a day of potential high drama and volatility on Wednesday as the outcome of Tuesday’s U.S. presidential election begins to emerge. Whether the final result is known in Asian hours remains to be seen – …
By Karl Plume and Mrinalika Roy CHICAGO (Reuters) -Archer-Daniels-Midland shares ended down 6% on Tuesday after the global grains merchant cut its 2024 profit outlook and said it would amend previous financial statements due to the discovery of fresh accounting irregularities. The drop wiped away about $1.6 billion of market value off one of the …
ADM down 6% as more accounting errors arise, profit forecast cut Read More »
