OTTAWA (Reuters) – Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in Canada’s main metropolitan region, data showed on Thursday. Seasonally adjusted sales declined 3.4% in April from the previous month after falling …
Toronto home sales fall for third month in April; prices rise Read More »
ISTANBUL (Reuters) -Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants and hotels prices. Commenting on the figures, Finance Minister Mehmet Simsek said April’s month-on-month inflation, which was 3.18%, was in line with expectations. …
Turkey inflation up near 70%, highest since 2022 Read More »
BERLIN (Reuters) -German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook. The group raised its guidance for full-year organic sales growth, now expecting an increase of 2.5% to 4.5% compared with a previous target of 2.0% to …
Germany’s Henkel raises 2024 outlook on strong Q1 Read More »
By Mathieu Rosemain PARIS (Reuters) -French bank Societe Generale’s net income fell less than expected in the first quarter, as profits on equity derivative sales offset weaknesses at its retail bank and in fixed-income trading. France’s third-biggest listed lender, whose CEO Slawomir Krupa is seeking to end several years of lacklustre performance and trim costs, …
SocGen Q1 profit slumps less than expected as investment bank surprises Read More »
By Deena Beasley (Reuters) -Amgen said on Thursday it was encouraged by the findings after completing an interim analysis of a mid-stage study of experimental weight-loss drug MariTide and will no longer develop its oral obesity candidate AMG786. Shares of Amgen surged up 13% in after hours trading. Investors are highly focused on Amgen’s pipeline …
Amgen ‘encouraged’ by weight-loss drug interim data, shares jump Read More »
(Reuters) – The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel’s proposed $15 billion takeover of U.S. Steel, the American firm said on Thursday. Commonly known as a “second request,” it can mark the start of a lengthy legal process from which few …
DoJ seeks more details from U.S. Steel, Nippon Steel on proposed merger Read More »
(Reuters) – Online travel agency Expedia cut its 2024 revenue growth forecast on Thursday, as gross bookings were hit by poor performance in its business-to-consumer segment. Shares of the company were down about 8% after the bell. “Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full-year …
Expedia lowers full-year revenue forecast on slow B2C growth Read More »
(Reuters) – Booking Holdings reported higher first-quarter profit on Thursday, as strong demand for international travel offset moderating leisure travel demand in the U.S. International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Latin American destinations, while demand for domestic travel in North …
Booking reports higher quarterly profit on international travel demand Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Thursday as investors weighed the Federal Reserve’s more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory. The tech-heavy Nasdaq led the way, advancing 1.5% with healthy boost from chip stocks after …
Wall Street ends higher as Fed signals dovish bias; jobs report eyed Read More »
(Reuters) -Jack Dorsey-led Block lifted its forecast for annual adjusted core earnings on Thursday as the payments firm bet on resilient consumer spending and its own cost-cutting measures. Shares of the company jumped 6.3% in extended trading. Payments firms have benefited from a tight labor market and wage growth that has allowed Americans to set …
Block raises annual forecast on resilient consumer spending Read More »
