By Bhanvi Satija and Ludwig Burger FRANKFURT (Reuters) -Shares of Swiss drugmaker Roche fell on Thursday after sales of its new treatments for eye disease and haemophilia disappointed the market, even as its nine-month revenue broadly met expectations. Although Roche hiked its full-year forecast for adjusted earnings and has stepped up efforts to break into …
By Andre Romani SAO PAULO (Reuters) -E-commerce firm MercadoLibre will start to sell Brazilian retailer Casas Bahia’s products on its platform in November under a new long-term commercial partnership, the companies said on Thursday. The move is expected to increase MercadoLibre’s share in its main market, Brazil, in segments such as electronics and household appliances, …
MercadoLibre to sell products of Brazil rival Casas Bahia under new partnership Read More »
(Reuters) -Wall Street is on track for another bumper year, with its profit from securities trading and underwriting expected to exceed $60 billion, the Office of the New York State Comptroller said in a report. The industry’s profitability was driven by higher supervisory fees and a jump in underwriting activities, while also benefiting from a …
Wall Street’s bumper year to boost tax collections, NY state comptroller says Read More »
By Nicole Jao (Reuters) -U.S. refiner Valero Energy, kicking off the earnings season for refiners, posted better-than-expected third-quarter results on Thursday as refining margins remained supported throughout the quarter and refinery throughput in the Gulf Coast and North Atlantic regions reached new highs. Shares of the company were up 6.8% at $172.90 on Thursday afternoon. …
Valero Energy beats third-quarter profit estimates on stronger margins Read More »
OTTAWA (Reuters) -Canada will not allow unfair U.S. access to its markets if talks on various trade deals with Washington ultimately fail, Prime Minister Mark Carney told reporters on Thursday. U.S. President Donald Trump imposed tariffs on Canadian steel, aluminum and autos earlier this year, prompting Ottawa to respond in kind. The two sides have …
Canada will not allow unfair US access to markets if trade talks fail, says Carney Read More »
(Reuters) -Starbucks baristas’ union said on Thursday it would vote on whether to authorize an unfair labor practice strike at unionized locations to demand the company return to the negotiating table. Contract talks between the coffee-chain giant and the union, which represents more than 12,000 baristas, began last year, but have hit an impasse. “If …
Starbucks workers union to begin voting on strike amid stalled contract talks Read More »
By Wa Lone and Doyinsola Oladipo TORONTO/NEW YORK (Reuters) -Air Canada is betting on business travel to support an expansion of service from Toronto’s downtown airport, with new routes to the United States, in a boost for cross-border flying despite trade tensions between the two countries. Canada’s largest carrier will offer new service in spring …
Air Canada bets on new US-bound business routes from Toronto, despite trade tensions Read More »
By Nell Mackenzie LONDON (Reuters) -Global hedge fund capital rose to a record of almost $5 trillion in the third quarter and the number of hedge funds is at a decade peak, reflecting an influx of new money into the sector, a report by Hedge Fund Research (HFR) showed on Thursday. Global hedge funds numbered …
Hedge funds now manage record of almost $5 trillion, says HFR Read More »
By Milana Vinn NEW YORK (Reuters) -Advent International and TA Associates are exploring the sale of utility management and billing company Conservice that could value it at between $4.5 billion and $5 billion, people familiar with the matter said. The private equity firms are working with investment bankers at Evercore on the sale, which is …
By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales increased to a seven-month high in September, but economic uncertainty and a stalled labor market could limit an anticipated boost from easing mortgage rates. The rise in home resales last month, which was reported by the National Association of Realtors on Thursday, was concentrated in the …
US existing home sales hit 7-month high; affordability remains a challenge Read More »
