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(Reuters) -AMC Entertainment Holdings Inc reported second-quarter revenue marginally ahead of Wall Street estimates on Thursday, as big-ticket films such as “Top Gun: Maverick” drew crowds to movie halls, driving a surge in box-office collections at the world’s largest theater chain. AMC also announced a special dividend in the form of preferred stock, to paid …

AMC Entertainment beats quarterly revenue estimates, announces dividend Read More »

By Fergal Smith TORONTO (Reuters) – Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the U.S. Federal Reserve and the Bank of Canada likely wind down rate-hike cycles in 2023, a Reuters poll showed. The loonie has outperformed most G10 currencies in 2022, but …

Canadian dollar seen higher if recession fears fade – Reuters poll Read More »

(Reuters) -Canadian Natural Resources Ltd on Thursday reported a quarterly profit that more than doubled, as crude prices soared on tighter energy supplies due to the Ukraine conflict. Oil prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeeze an already under-supplied market. Brent crude, the global benchmark, was last …

Canadian Natural’s profit more than doubles as energy prices surge Read More »

TORONTO (Reuters) – Home prices in the Greater Toronto Area (GTA) fell for the fifth straight month in July, as rapidly rising interest rates further doused the city’s once-red-hot housing market, data from the Toronto Regional Real Estate Board (TRREB) showed on Thursday. The average price of a GTA home fell to C$1.07 million ($833,528) …

Toronto home prices fall for fifth month as ‘significant’ rate hikes dent sentiment Read More »

(Reuters) – Canada’s Nutrien Ltd reported a record second-quarter profit on Wednesday, fueled by soaring prices of crop nutrients. The world’s largest fertilizer producer posted net earnings of $3.60 billion, or $6.51 a share, in the three months ended June 30, compared with $1.11 billion, or $1.94 per share, a year ago. (Reporting by Ruhi …

Nutrien posts record second-quarter profit Read More »

By Nicolás Misculin BUENOS AIRES (Reuters) -Argentina’s latest economy minister, Sergio Massa, formally took the reins of his newly-dubbed “superministry” on Wednesday, with expectations that he will announce spending cuts to calm markets amid a deepening economic crisis. The South American country’s large fiscal deficit, exacerbated by years of overspending, raging inflation, high debt and …

Argentina’s Massa sworn in as economy chief, budget cuts expected Read More »

MEXICO CITY (Reuters) – Mexico’s COVID-battered aviation sector has benefitted from a robust reactivation of travel, but analysts fear its takeoff could be soon shaken by recession in the United States. Profits of air terminal operators in Mexico’s most important tourist destinations grew strongly last quarter, thanks to solid traffic numbers for both domestic and …

Mexican aviation’s takeoff could hit turbulence amid U.S. recession fears Read More »

(Reuters) – EBay Inc surpassed estimates for second-quarter earnings and maintained its annual sales forecast, sending its shares up 4% and allaying some investor concerns over the outlook for online shopping as consumer spending shrinks. The e-commerce firm’s results contrast that of brick-and-mortar retailers Walmart Inc and Target Corp, which had warned of slowing discretionary …

EBay beats revenue estimates, bucks slowdown in consumer spending Read More »

TORONTO (Reuters) – Sun Life Financial, Canada’s second-biggest life insurer, on Wednesday comfortably beat analysts’ estimates for second-quarter core profit, which rose from a year earlier thanks to new business gains and a contribution from its acquisition of U.S. benefits firm DentaQuest. Underlying profit was C$892 million ($694.65 million), or C$1.52 a share, in the …

Canada’s Sun Life beats profit estimates, helped by new business Read More »