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(Reuters) – SolarEdge Technologies on Wednesday forecast fourth-quarter revenue below Wall Street estimates on weak demand for its solar inverters, sending the company’s shares down 22.3% in extended trade. Growth for solar in Europe has slowed due to excess inventories and weakening demand in key markets as fossil fuel prices have scaled back from record …

SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge Read More »

By Marcelo Teixeira NEW YORK (Reuters) – Prices for orange juice rose on Tuesday to the highest since future contracts started trading in New York in 1966 as an outlook for limited production in the United States, Brazil and Mexico boosted investors’ interest in the product. The January contract of frozen concentrated orange juice (FCOJ) …

Orange juice prices hit all-time high amid bleak production outlook Read More »

By Niklas Pollard STOCKHOLM (Reuters) – Swedish builder Skanska reported third-quarter earnings far below market expectations on Wednesday as weak property markets took a toll in the shape of asset writedowns and goodwill impairment charges, sending its shares down 12%. The Nordic region’s largest builder, which is also one of the biggest players in the …

Skanska misses profit view as property market slump bites Read More »

ANKARA (Reuters) – Turkey is preparing new legislation covering crypto-assets to persuade an international crime watchdog to remove it from a “grey list” of countries that have taken insufficient action to prevent money laundering and terrorist financing. The Financial Action Task Force (FATF) downgraded Turkey to a so-called grey list in 2021. Addressing a parliamentary …

Turkey to toughen law on crypto assets – minister Read More »

By Laura Matthews and Chiara Elisei NEW YORK/LONDON (Reuters) – Global fund managers are exploring ways to spread their counterparty risk, with many regularly monitoring the credit ratings of their dealer banks following the recent banking crisis, according to an industry survey released on Wednesday. Concerned that possible future bank failures could cause short-term liquidity …

Global fund managers sharpen bank scrutiny following crisis -survey Read More »

(Reuters) -Barry Callebaut, the world’s biggest chocolate maker, on Wednesday adjusted its medium-term growth targets to align them with the new strategy and investment plan it announced in September. The Swiss firm now expects its volumes to grow by a low to mid single-digit percentage from the fiscal year 2025/2026 onwards. It had previously forecast …

Barry Callebaut adjusts growth targets based on new strategy Read More »

(Reuters) – Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher investment returns, sending shares up 2.7% in aftermarket trading. Assurant’s global housing business, which offers lender-placed insurance, multi-family housing and mortgage services, posted adjusted EBITDA of $165.1 million in the …

Assurant Q3 profit surges on growth in global housing unit, investment returns Read More »