By Ariane Luthi (Reuters) – UBS on Wednesday posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as U.S. tariffs raise global growth fears even as the market tumult drove up earnings in its trading activity. Switzerland’s biggest bank reported net profit attributable to shareholders of $1.7 billion …
UBS Q1 profit tops forecasts but Trump tariff shock clouds outlook Read More »
(Reuters) – Ireland’s unemployment rate fell to 4.1% in April from a revised rate of 4.4% a month earlier, data from the Central Statistics Office (CSO) showed on Wednesday. Revisions to the previous three months – a common occurrence when more detailed quarterly data is available – also put the unemployment rate in February at …
TOKYO (Reuters) -Japanese retail sales rose 3.1% in March from a year earlier, slightly less than the median market forecast for a 3.5% increase, government data showed on Wednesday. To view full tables, go to the website of the Ministry of Economy, Trade and Industry at: http://www.meti.go.jp/english/statistics/tyo/syoudou/index.html (Reporting by Yoshifumi TakemotoEditing by Chang-Ran Kim)
(Reuters) -Australian shares were poised to open higher on Wednesday, set to rise for a fifth straight session, while investors await local inflation data due later in the day. The local share price index futures rose 0.3%, a 41.4-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.9% on Tuesday. New Zealand’s …
BRASILIA (Reuters) -Brazil’s central government posted a smaller-than-expected March primary budget surplus, Treasury data showed on Tuesday, but still delivered a strong first-quarter result, helped by the postponement of court-ordered payments. Treasury Secretary Rogerio Ceron said at a press conference that the postponement of court-ordered payments was aimed at avoiding fiscal expansion in the first …
Brazil’s central government posts smaller-than-expected March surplus but Q1 improves Read More »
WASHINGTON (Reuters) – U.S. consumer confidence slumped to a nearly five-year low in April as growing concerns over tariffs weighed on the economic outlook. The Conference Board said on Tuesday its consumer confidence index dropped 7.9 points to 86.0 this month, the lowest reading since May 2020. Economists polled by Reuters had forecast the index …
(Reuters) -Water solutions company Ecolab kept its annual profit forecast unchanged on Tuesday despite tariff uncertainties and lower first-quarter revenue and profit, sending its shares 1.7% higher.The company, which offers cleaning, sanitization, cooling and other water-related services to a host of industries, said it still expects earnings to grow 12% to 15% this year. Ecolab …
Ecolab reaffirms annual profit forecast despite tariffs, weak quarter Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank on Tuesday estimated a sharp decline in profitability among non-financial companies as a result of its aggressive monetary tightening cycle, with median returns falling below levels seen during the COVID-19 pandemic. The bank so far has raised its benchmark Selic rate by 375 basis points to 14.25% …
Brazil’s central bank sees sharp drop in corporate profitability due to rate shock Read More »
By Gabriel Araujo SAO PAULO (Reuters) -Brazilian reforestation firm Mombak has secured $30 million in a funding round led by venture capital firm Union Square Ventures (USV), it said on Tuesday, in another sign of growing investor interest in Brazil’s carbon removal sector. Mombak, a leading startup in the nascent industry, restores degraded farm and …
Brazil reforestation startup Mombak raises $30 million in USV-led round Read More »
FRANKFURT (Reuters) -European Central Bank supervisor Sharon Donnery said on Tuesday she saw scope for making banking regulation simpler, but warned against watering it down. The ECB has launched a task force, chaired by Vice President Luis de Guindos, that will look for ways of simplifying bank rules. Donnery is the third central bank representative …
ECB’s Donnery warns against watering down banking rules Read More »
