(Reuters) -The European Central Bank could hit its 2% inflation target in the coming few months but the broader economic outlook is far too uncertain for the bank to provide any meaningful guidance about its next policy move, ECB policymaker Peter Kazimir said. The ECB cut interest rates for the seventh time in a year …
ECB close to hitting inflation target, Kazimir says Read More »
By Utkarsh Shetti, Mike Stone (Reuters) -Lockheed Martin reported a higher first-quarter profit on Tuesday and reaffirmed its forecasts for the year on the back of resilient demand for its missile systems and fighter jets. Shares of Lockheed were up 3% in pre-market trading on Tuesday as the company posted earnings per share of $7.28 …
Lockheed Martin’s quarterly profit rises on resilient defense demand Read More »
MOSCOW (Reuters) -Russia’s largest lender Sberbank said on Tuesday that its board recommended paying a record high 786.9 billion roubles ($9.68 billion) in dividends. The dividend will amount to 34.84 roubles ($0.4285) per share for 2024. Russian banks’ profits increased last year due to accelerated lending, which has since declined in response to the central …
Russia’s Sberbank says board recommends record dividend for 2024 Read More »
(Reuters) -Moody’s reported higher first-quarter profit on Tuesday, on strong momentum in its analytics unit and a pickup in bond issuance, but it tempered expectations for the year due to the market volatility. Shares of the financial insights company, best known for rating the creditworthiness of corporate and government bonds, fell 2% before the opening …
Moody’s cuts profit forecast on market volatility after solid first quarter Read More »
(Reuters) -Index provider MSCI reported a rise in first-quarter profit on Tuesday, as improved spending by clients drove up demand for its index products and analytics services. Market volatility driven by economic uncertainty following U.S. President Donald Trump’s tariff announcements has prompted asset managers to swiftly adjust their portfolios, leading to greater demand for data …
MSCI’s first-quarter profit rises on robust demand for its products Read More »
(Reuters) -PulteGroup’s first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company’s incentives helped improve housing demand. Homebuilders have been employing buyer incentives such as buydowns, discounts and smaller home offerings to help induce demand as high interest rates in the U.S. weigh on affordability, dissuading consumers. “As the quarter progressed, buyers …
PulteGroup beats quarterly results estimates as incentives lift housing demand Read More »
By Doyinsola Oladipo and Mrinalika Roy (Reuters) -The number of Canadian “snowbirds” planning to sell their second homes in sunny Florida and Arizona has surged this spring, many of them put off by the sudden chill that has blanketed relations between their homeland and the U.S. Real estate agents say they are seeing more Canadians …
Many Canadian ‘snowbirds’ in US looking to pack up and fly north – for good Read More »
(Reuters) -Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are moving to finalise a merger agreement, Nikkei Asia reported on Tuesday. The two auto groups aim to establish a holding company for the truck units and list it on the Tokyo Stock Exchange’s Prime market in …
Toyota, Daimler near merger of truck units, Nikkei Asia reports Read More »
By Jessica DiNapoli NEW YORK (Reuters) -Unilever is threatening to halt funding to the Ben & Jerry’s Foundation, a U.S.-based nonprofit that makes donations to social justice organizations, sources familiar with the matter said. Unilever is asking Ben & Jerry’s Foundation to agree to an expedited audit of its donations to continue the funding, which …
Unilever threatens to pull funding from the Ben & Jerry’s Foundation, sources say Read More »
By Anton Bridge and Miho Uranaka TOKYO (Reuters) -The financial advisory joint venture of the securities arms of Mizuho Financial Group and Rakuten Group is aiming to reach 50 billion yen ($357 million) in customer assets in its first five years of operations, its chief executive said. The venture is tapping into growing demand for …
Mizuho and Rakuten’s advisory venture targets $360 million in assets by 2029 Read More »
