By Jarrett Renshaw and Stephanie Kelly (Reuters) – The Biden administration is expected on Wednesday to recommend for approval a rule that would allow expanded sales of gasoline with a higher ethanol blend in certain U.S. Midwest states, based on a request from governors in those states, four sources familiar with the matter said on …
(Reuters) – Goldman Sachs raised its estimate for peak interest rate hike by the European Central Bank for the second time in as many weeks, saying it now expects rates to go up by 50 basis points (bps) in the ECB’s May meeting. That would take the central bank’s terminal rate to 3.75% by June, …
Goldman Sachs expects ECB to raise rates by 50 bps in May meeting Read More »
BERLIN (Reuters) -Nivea maker Beiersdorf expects organic sales growth to slow this year to a mid-single-digit range after reporting double-digit growth for the first time in two decades in 2022 thanks to strong demand for its skin care products. Beiersdorf shares fell 3.8% in pre-market trade at Lang & Schwarz after it reported the results …
Beiersdorf sees slower sales this year after bumper 2022 Read More »
AMSTERDAM (Reuters) -Just Eat Takeaway.com, Europe’s largest meals delivery company, swung to a small 2022 core profit on Wednesday and said it was targeting 225 million euros of core profit this year. “This guidance includes additional investments… as well as wage costs inflation and takes into account an uncertain macro-economic environment,” the company said, noting …
Just Eat Takeaway swings to small 2022 core profit, sees better 2023 Read More »
By Steve Holland and Trevor Hunnicutt VIRGINIA BEACH, Virginia (Reuters) – President Joe Biden said on Tuesday that his March 9 budget proposal to the U.S. Congress will include some higher taxes, including on billionaires, but will not violate his pledge not to raise rates on Americans making less than $400,000 a year. “On March …
Biden says ‘I’m gonna raise some taxes’ in March budget proposal Read More »
By Matt Tracy WASHINGTON (Reuters) – U.S. companies with the highest credit ratings sold a record $144 billion of debt securities so far in February to get ahead of further potential interest rate hikes, meeting strong demand from investors looking to capitalize on a spike in yields. Investment-grade rated corporate bond issuance in February has …
US companies rush to issue corporate debt, busiest February ever Read More »
(Reuters) – AMC Entertainment Holdings Inc beat Wall Street estimates for fourth-quarter revenue on Tuesday, lifted by movie-goers flocking to its theaters during the holiday session. Revenue for the quarter was $990.9 million, compared to analysts’ expectation of $977.7 million, according to Refinitiv IBES data. (Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time. After a strong performance in January, stocks retreated in February as economic …
Wall Street closes out weak February as Fed concerns remain Read More »
LIMA (Reuters) – Peru’s government announced on Tuesday the launch of more than 30 public-private projects worth nearly $9 billion, hoping to revive the economy hit by violent anti-government protests. The projects, involving road infrastructure, energy and sanitation, are set to begin between this year and 2024, according to the head of the state’s agency …
Peru announces $9 billion injection to boost economy amid protests Read More »
By Arshreet Singh (Reuters) – U.S. cannabis producer Green Thumb Industries Inc beat fourth-quarter revenue estimates on Tuesday, on the back of legalization of adult-use in New Jersey, but price compression caused adjusted net income to halve from a year earlier. New Jersey gave out licenses to existing medical cannabis operators, including Green Thumb, in …
Green Thumb beats quarterly revenue estimates on adult-use legalization in New Jersey Read More »
