A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to ride higher on the back of an anxious pre-election climb in U.S. Treasury yields, notching its best levels in almost three months against the euro and yen on starkly contrasting economic and interest rate pictures. With the …
Morning Bid: Dollar rides rising yields, Canada set to ease Read More »
(Reuters) – Thermo Fisher Scientific on Wednesday raised the lower end of its annual profit forecast, tweaking it for the third time this year, betting on improved demand for its tools and services used in drug development. Contract drug manufacturers witnessed reduced spending from biotech clients last year, but recent interest cuts could improve the …
Thermo Fisher raises profit forecast on strong demand for its tools and services Read More »
By Ernest Scheyder (Reuters) – U.S. mining projects are growing reliant on Washington’s financial support to offset global competition, a reality underscored by Sibanye Stillwater’s decision last month to lay off hundreds of Montana miners after it failed to qualify for an obscure tax credit tied to the Inflation Reduction Act. Sliding prices for several …
Analysis-Sibanye’s Montana woes underscore miners’ growing reliance on Washington Read More »
By Nicole Jao NEW YORK (Reuters) – U.S. oil refiners’ third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online, energy analysts said. Refiners have come off favorable pricing and strong demand after the pandemic and Russia’s invasion of Ukraine boosted margins …
US fuelmakers to report lower Q3 profits on weaker margins, fuel demand Read More »
By Luciana Magalhaes SAO PAULO (Reuters) – Foreign debt financing by Brazilian issuers is surging again, reaching a three-year high in 2024, as local companies seek to refinance existing obligations or make new investments. In the first nine months of the year, companies, financial institutions and the federal government issued a total of $17.6 billion …
Foreign debt financing by Brazilian issuers surges in 2024 Read More »
By Laura Matthews and Suzanne McGee NEW YORK (Reuters) – Banks, brokerages, investment managers and exchanges are adding staff to handle high trading volumes on and around Election Day with markets expected to become volatile as results come in. Political events can trigger wild gyrations that can force market participants to quickly unwind bets, raising …
Wall Street ramps up staffing as election nears, expecting volatile trading Read More »
(Reuters) -Frontier Airlines is exploring a renewed bid for Spirit Airlines, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Spirit rose nearly 18% in premarket trade while Frontier was marginally lower. Spirit has been losing money despite strong travel demand and has failed to report a profit in …
Frontier, Spirit Airlines revive merger talks, WSJ reports Read More »
BEIJING (Reuters) -Chinese smartphone maker Xiaomi Corp is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday. The second phase of the Xiaomi Intelligent Manufacturing Industrial Base is scheduled to be completed on June 15, according to a report by the National …
Xiaomi’s automobile plant expansion to be completed in mid-2025, report says Read More »
By Shivansh Tiwary and Aishwarya Venugopal (Reuters) -CVS Health last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty. Following pressure from an activist investor, CVS hired David …
More US firms lean on retired, veteran leaders to steady ship in choppy economy Read More »
By Anant Chandak BENGALURU (Reuters) – Economic growth in Saudi Arabia will accelerate next year thanks to higher oil output after two years of modest performance, according to a Reuters poll of economists, who also forecast robust growth for other Gulf Cooperation Council (GCC) states. The Organization of the Petroleum Exporting Countries and allies led …
Saudi Arabian economic growth to accelerate in 2025 as oil taps open – Reuters poll Read More »
