(This Jan. 27 story corrects to show in paragraph 4 that the gap between three- and six-month yields is at steepest since 2018, not 2015) A look at the day ahead from Sujata Rao. The world’s largest economy is predicted to record GDP growth at a 37-year high of 5.5%, with data due later on …
By Ludwig Burger (Reuters) -Swiss drugmaker Roche said on Thursday sales growth would slow this year as it braces for less demand for its COVID-19 medicines and tests, expecting immunity against the novel coronavirus to prevail in the population from about April. In an earnings statement, the company said it expected currency-adjusted 2022 sales to …
Roche sees slower 2022 sales growth as COVID tests demand eases Read More »
TOKYO (Reuters) – Japan’s top steelmaker Nippon Steel Corp is seeking more merger and acquisition (M&A) opportunities to boost its global output capacity to 100 million tonnes, an executive said on Thursday, after its recent decision to buy two Thai steelmakers. Overseas steel markets are expected to recover after China’s Lunar New Year holiday and …
Nippon Steel to seek more merger chances to boost global output Read More »
By Anna Ringstrom STOCKHOLM (Reuters) – Gardening equipment maker Husqvarna posted record profits on Thursday as locked down consumers spent big on domestic projects, but it signalled that the supply bottlenecks that weighed during 2021 would remain an issue this year. Full-year operating profit at the world’s biggest manufacturer of gardening power tools such as …
Husqvarna posts record profit but warns on supply bottlenecks Read More »
A look at the day ahead in markets from Dhara Ranasinghe. If you were hoping for calm before Thursday’s Bank of England and European Central Bank meetings, forget it. U.S. stock futures are down sharply in early London trade — Nasdaq futures are sliding 2% with tech stocks globally in the doldrums. Facebook owner Meta …
By Valentina Za, Elisa Anzolin and Elvira Pollina MILAN (Reuters) – For years Dionisio Archiutti had seen his father toy with the idea of bringing a new investor into the family business, but he knew time would not necessarily help the 80-year-old decide. “Italian entrepreneurs often tighten their grip on their firms as they get …
Succession scramble grips Italian family firms after COVID scare Read More »
By Davide Barbuscia and David Randall NEW YORK (Reuters) – The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion. The shape of the yield curve is a key metric investors watch as …
Explainer-The U.S. yield curve has been flattening: Why you should care Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher, lifted by a hawkish Federal Reserve and rising real yields. The U.S. dollar index is flat on the year, masking a volatile ride in …
Analysis-Investors bank on real yields to boost dollar in months ahead Read More »
San Francisco (Reuters) – The U.S. safety regulator said on Wednesday that it is reviewing consumer complaints that Tesla vehicles are activating the brakes unnecessarily, in the latest regulatory scrutiny of Tesla’s vehicle safety. In May, Tesla chief executive Elon Musk said dropping a radar sensor from its partially automated driving system would address the …
U.S. safety regulator reviews Tesla driver complaints over false braking Read More »
By Renju Jose SYDNEY (Reuters) – Iron ore magnate Andrew Forrest said on Thursday he is launching criminal proceedings against Meta Platform Inc’s Facebook in an Australian court, alleging that it breached anti-money laundering laws and its platform is used to scam Australians. Forrest, Australia’s richest man and chairman of Fortescue Metals Group, said he …
Australian mining billionaire files lawsuit against Facebook over scam ads Read More »
