MOSCOW (Reuters) – The rouble weakened on Tuesday despite increased demand for the currency ahead of month-end tax payments as President Vladimir Putin prepares to update Russia’s political and military elite on the Ukraine conflict. At 0732 GMT the rouble was 0.7% weaker against the dollar at 75.05, edging closer to an almost 10-month low …
Russian rouble weakens ahead of Putin address to parliament Read More »
(Reuters) -French IT consulting group Capgemini on Tuesday forecast weaker 2023 revenue growth due to slowing demand for its cloud, data and artificial intelligence services in the uncertain macroeconomic environment. The company, which provides services to industries ranging from telecoms to aerospace, expects its revenue to grow between 4% and 7% in constant currency this …
France’s Capgemini sees weaker revenue growth as demand slows Read More »
By Sameer Manekar and Melanie Burton (Reuters) -Global miner BHP Group reported a steeper-than-expected 32% fall in first-half profit owing to a drop in iron ore prices, sending its shares down, although it flagged a brightening outlook in China, its biggest customer. China’s strict zero-COVID-19 policy curtailed economic activity and dented demand over the past …
BHP eyes demand green shoots in China as profit slumps Read More »
(Reuters) – The United States National Highway Traffic Safety Administration (NHTSA) said on Monday it has asked Tesla Inc for additional information after one of its vehicles collided with a fire truck in California. The Contra Costa County fire department said in a tweet on Saturday that a Tesla car struck one of its fire …
U.S. regulator seeks more information on Tesla crash in California Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Christopher Hohn has written to Airbus demanding it drop a deal to purchase a minority stake in French IT consulting firm Atos’ soon-to-be spun-off division Evidian. In a public letter to the planemaker on Monday, Hohn said that Evidian was a “highly levered company” and investing …
Hedge fund manager Chris Hohn demands Airbus drop Atos deal – letter Read More »
LONDON (Reuters) – The coming week will mark a year since Russia invaded Ukraine. The war goes on, but the world, and the markets, are in a very different place from last February. Here’s a look at the week ahead in markets from Kevin Buckland in Tokyo, Naomi Rovnick and Karin Strohecker in London, Vidya …
(This Feb. 17 story has been corrected to fix SoftBank Group’s Reuters Instrument Code in paragraph 4.) By Echo Wang NEW YORK (Reuters) – Is the IPO winter finally easing? A year after Russia’s invasion of Ukraine and an inflation rally fueled a bout of market volatility that prevented most initial public offerings in 2022, …
By Lewis Krauskopf NEW YORK (Reuters) – Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation. As a tepid fourth-quarter results season comes to an end, …
Wall Street Week Ahead: Retailers’ results may be next test for rally in U.S. stocks Read More »
By Ross Kerber (Reuters) -Discover Financial Services, a provider of credit cards, told Reuters it will allow its network to track purchases at gun retailers come April, making it the first among its peers to publicly give a date for moving ahead with the initiative, which is aimed at helping authorities probe gun-related crimes. Discover’s …
Exclusive-Discover to enable tracking of purchases at gun retailers from April Read More »
(Reuters) – Pepsico Inc recalled more than 25,000 cases of Starbucks chilled coffee drink after glass was found in some of the bottles, the U.S. Food and Drug administration said in a notice. The voluntary recall, which was initiated on Jan. 28, covers more than 300,000 bottles of the Starbucks frappuccino vanilla chilled coffee drink, …
Pepsico recalls some Starbucks vanilla frappuccino drinks in U.S Read More »
