LONDON (Reuters) – Global gold demand fell in the first three months of 2023 as large purchases by central banks and Chinese consumers were offset by reduced investor buying, the World Gold Council (WGC) said on Friday. Total demand amounted to 1,081 tonnes, down 13% from the first quarter of 2022, the WGC said in …
Global gold demand fell in the first quarter of 2023, WGC says Read More »
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom’s Chief Executive Hock Tan on Friday will try to convince EU antitrust enforcers that his proposed $61 billion bid for cloud computing firm VMware, which has triggered scrutiny on both sides of the Atlantic, is pro-competitive. Tan, flanked by his executives and lawyers, arrived early …
Broadcom CEO seeks to convince EU on $61 billion VMware deal Read More »
FRANKFURT (Reuters) – Euro zone inflation could be lower in the coming years than previously expected but may stay above the European Central Bank’s 2% target further out, the bank’s Survey of Professional Forecasters showed on Friday. The ECB has raised rates at each of its past seven meetings and promised even more tightening to …
Euro zone inflation could hold above target -ECB survey Read More »
LONDON (Reuters) – Fresh turbulence in U.S. banks and debt ceiling woes in Washington suggest recent stability in world markets will most certainly be put to the test in May. The latest U.S. and Chinese inflation numbers and a Bank of England interest rate decision are among the calendar highlights meanwhile. Here’s a look at …
(Reuters) -U.S. shale producers EOG Resources Inc and Coterra Energy Inc beat first-quarter estimates on Thursday, joining their peers in benefiting from a sustained fuel demand and tight crude supplies. Shares of EOG rose 1% after the bell and Coterra added 3.5%. Benchmark Brent crude was still above levels that allow oil and gas producers …
EOG, Coterra beat profit estimates on higher prices, oil demand Read More »
(Reuters) – Carvana Co said on Thursday it expects to post a profit in the current quarter, as its cost actions helped the used-car retailer to mitigate some impact of a decline in sales. Shares of the company rose 26% after the bell. The debt-laden company has taken a series of steps, including job reductions, …
Carvana expects to post positive core profit in second quarter Read More »
(Reuters) – Booking Holdings Inc reported a better-than-expected profit for the first quarter on Thursday, as the online travel agency benefited from pent-up demand that drove consumers to book flights and hotels despite worries of an imminent recession. Shares of the company rose 1% to $2,630.5 after the bell. Major players in the hospitality industry …
Booking Holdings beats profit estimates on strong travel demand Read More »
By Chris Prentice and Trevor Hunnicutt NEW YORK (Reuters) – U.S. federal and state officials are assessing the possibility of “market manipulation” behind big moves in banking share prices in recent days, a source familiar with the matter said on Thursday, as the White House vowed to monitor “short-selling pressures on healthy banks.” Shares of …
Exclusive: U.S. officials assessing possible ‘manipulation’ on banking shares – source Read More »
By Blake Brittain (Reuters) – Apple Inc on Wednesday accused patent owner Arendi S.A.R.L. of revealing secret information about a settlement agreement between them, including how much Apple paid, during Arendi’s separate infringement trial against Alphabet’s Google LLC. Apple asked a Delaware federal judge to impose monetary sanctions against Arendi and its law firm Susman …
Apple says patent owner, law firm revealed settlement secrets in Google trial Read More »
By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will be closely watching following U.S. short-seller Hindenburg Research’s disclosure in March of short positions in the firm. Shares of Block, formerly called Square, rose more than …
Block beats expectations on revenue, boosting shares Read More »
