(Reuters) – New Zealand has reached a trade deal with the six-nation Gulf Cooperation Council, which includes Saudi Arabia and the United Arab Emirates, that Wellington said would open up major opportunities for Kiwi exporters in the Middle East. The trade pact would remove tariffs for 51% of New Zealand’s exports to the region from …
By Caroline Valetkevitch NEW YORK (Reuters) -World stock indexes dropped on Thursday, with the Nasdaq ending more than 2% lower after Meta Platforms and Microsoft warned of rising costs for artificial intelligence, while the dollar weakened slightly after U.S. data did little to suggest a change to Federal Reserve policy. The earnings reports added to …
Stocks tumble with Meta, Microsoft; dollar dips after US data Read More »
(Reuters) – Ingersoll Rand trimmed its full-year forecast for revenue growth on Thursday, after missing third-quarter revenue estimates on sluggish demand for its air compressors. Inflation-driven higher material costs and persistent supply chain constraints have battered the company’s performance. North Carolina-based Ingersoll now expects full-year revenue growth between 5% and 7%, compared with its earlier …
Ingersoll Rand lowers annual revenue growth forecast Read More »
(Reuters) -Casual dining operator TGI Friday’s is in talks to prepare for Chapter 11 bankruptcy filing, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company is expected to file for bankruptcy in a Texas court within days, according to the report. The situation remains fluid, and any filing could …
TGI Friday’s prepares for bankruptcy filing, WSJ reports Read More »
(Reuters) – Packaging firm Amcor missed first-quarter sales estimates on Thursday, hurt by weaker demand for its containers and cartons from consumer goods companies. Separately, the company said it would be selling its 50% interest in joint venture Bericap North America for $122 million, sending its shares down about 4% in extended trading. Amcor’s sales …
Amcor misses quarterly sales estimates on weaker demand in North American business Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Prominent proxy advisory firm Institutional Shareholder Services (ISS) on Thursday urged News Corp investors to back a plan to end the company’s dual-class voting structure, lending support to an activist hedge fund’s push for such a change. ISS said investors should approve a recapitalization plan at the company’s …
ISS urges News Corp investors to back plan to collapse dual-class voting structure Read More »
By Jorge Otaola and Lucinda Elliott BUENOS AIRES (Reuters) -A tax amnesty program in Argentina encouraging residents to deposit foreign currency previously stuffed under mattresses, stored in safety-deposit boxes or saved in accounts abroad has drawn in around $18 billion so far back to local banks, an official said on Thursday. Libertarian President Javier Milei …
Argentina tax amnesty scheme lures $18 billion in bank deposits Read More »
By Luana Maria Benedito SAO PAULO (Reuters) -Brazil’s labor market is posting blockbuster numbers ahead of a central bank rate decision next week, amid bets that the country’s rate-setting committee will need to speed up monetary tightening due to inflationary risks. Brazil’s jobless rate fell to 6.4% in the three months through September, statistics agency …
Brazil’s strong labor market fuels inflation fears ahead of expected rate hike Read More »
By Promit Mukherjee, Ismail Shakil OTTAWA (Reuters) -Canada’s economy is likely to miss the Bank of Canada’s revised third-quarter forecast after a slew of temporary factors stalled gross domestic product growth in August, data showed on Thursday, at a time when business output was already anemic. Economic growth for July also was revised downwards to …
Canada’s economy stalls in August; central bank’s Q3 growth forecast in doubt Read More »
(Reuters) – Most major stock markets in the Gulf rose in early trade on Thursday, buoyed by hopes for a potential ceasefire deal between Israel and Hezbollah. Lebanon’s prime minister expressed hope on Wednesday that a ceasefire deal with Israel would be announced within days as Israel’s public broadcaster published what it said was a …
Major Gulf markets gain on Israel-Hezbollah ceasefire hopes Read More »
