(Reuters) -Kraft Heinz Co beat third-quarter sales and profit estimates on Wednesday, benefiting from price increases in the face of rising costs for its packaged foods and condiments. Shares of …
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By Karl Plume CHICAGO (Reuters) – Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares …
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Harley profit rises as pent-up demand fuels improved shipments
by Reutersby Reuters(Corrects day in first paragraph) By Bianca Flowers (Reuters) – Harley-Davidson on Wednesday reported better-than-expected profit as robust demand for popular bike models during the summer riding season boosted sales, …
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COP27: World on track to increase emissions 10.6% by 2030 – UN report
by Reutersby ReutersBy Gloria Dickie LONDON (Reuters) – If countries fulfill their current climate commitments, global greenhouse gas emissions will rise by 10.6% by 2030 compared to 2010 levels, according to a …
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By Alexander Hübner and Joice Alves BERLIN/LONDON (Reuters) – Shares in Puma fell 1.75% on Wednesday after the company confirmed its full-year guidance but flagged uncertainty in the global market. …
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Analysis-Behind facade of unity, Franco-German relations falter as crises mount
by Reutersby ReutersBy Michel Rose and Andreas Rinke PARIS/BERLIN (Reuters) – When Germany unveiled a 200 billion euro ($200 billion) package to shield its industry and consumers from soaring energy prices, its …
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Chipmaker UMC cuts capex in readiness for prolonged downturn
by Reutersby ReutersBy Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer …
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Ad group WPP wrestles with wage pressure in resilient quarter
by Reutersby ReutersBy Paul Sandle LONDON (Reuters) -British ad group WPP said its global clients are investing in their brands in the face of economic uncertainties, supporting its third-quarter revenue even as …
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U.S. mortgage interest rates jump to 7.16%, highest since 2001
by Reutersby Reuters(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data …
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Toyota considers sharp boost in output of first EV, but not before 2025, sources say
by Reutersby ReutersBy Maki Shiraki TOKYO (Reuters) -Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according to three people with knowledge of the developing …
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Exclusive-Two in five U.S. voters worry about intimidation at polls -Reuters/Ipsos
by Reutersby ReutersBy Moira Warburton and Jason Lange WASHINGTON (Reuters) – Two in five U.S. voters say they are worried about threats of violence or voter intimidation at polling stations during the …
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Iberdrola profit boosted by US, Brazil, offsetting Spanish woes
by Reutersby ReutersBy David Latona MADRID (Reuters) -Spanish utility Iberdrola posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall …
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Investors increase their bets on a 100 basis-point BoE rate hike
by Reutersby ReutersLONDON (Reuters) – Investors increased their bets on the Bank of England raising its benchmark rate by a full percentage point on Nov. 3 after the government of British Prime …
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LONDON (Reuters) -The British government delayed the announcement of its plan to repair the country’s public finances by more than two weeks to Nov. 17, saying on Wednesday it wanted …
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Tapestry deepens push into China, undeterred by luxury market slump
by Reutersby ReutersBy Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform to most people’s idea of a luxury goods market. Sometime …
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IMF chief expects UK PM Sunak’s government to stick to fiscal discipline
by Reutersby ReutersBy Christian Kraemer BERLIN (Reuters) – IMF chief Kristalina Georgieva said on Wednesday she expects new Prime Minister Rishi Sunak to steer Britain towards fiscal sustainability and said he was …
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Deutsche Bank reports big jump in profit despite slump in dealmaking
by Reutersby ReutersBy Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank on Wednesday posted a better-than-expected jump in third-quarter profit as a trading boom at its investment bank offset a …
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IMF chief wants central banks to keep raising rates to hit ‘neutral’ level
by Reutersby ReutersBy Christian Kraemer BERLIN (Reuters) – International Monetary Fund chief Kristalina Georgieva said on Wednesday that central banks should keep raising interest rates further to fight inflation until they hit …
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Kremlin says it may transfer assets in annexed Ukrainian regions to Russian companies
by Reutersby ReutersMOSCOW (Reuters) – The Kremlin on Wednesday said that assets in the four Ukrainian regions that Russia said it had annexed last month may in future be transferred to Russian …
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(This Oct. 25 story has been corrected to clarify in paragraph 13 the sequence of events that led to the war) By Anait Miridzhanian and Bhargav Acharya JOHANNESBURG (Reuters) – …
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Kremlin says Griner prisoner swap must be negotiated behind closed doors
by Reutersby ReutersMOSCOW (Reuters) – The Kremlin on Wednesday said that a potential prisoner exchange with the United States to free U.S. WNBA basketball star Brittney Griner, who is serving a nine-year …
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Hilton raises annual forecast as profit jumps on strong travel demand
by Reutersby Reuters(Reuters) – Hilton Worldwide Holdings Inc on Wednesday raised its annual profit forecast after reporting a spike in third-quarter earnings as consumers eager to travel after the pandemic book flights …
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By George Georgiopoulos and Lefteris Papadimas ATHENS (Reuters) – Like many young Greeks trying to live within their means, Christina Pappas had to look for a cheaper flat in an …
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By Tom Sims, John O’Donnell and Jesús Aguado FRANKFURT (Reuters) – Some of Europe’s largest banks warned of growing risks as the economy fizzles after posting stronger-than-expected profits on Wednesday, …
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US and World News
Explainer-What Brazil’s election means for the Amazon rainforest
by Reutersby ReutersBy Jake Spring SAO PAULO (Reuters) – Brazil’s presidential election on Sunday may determine the fate of the Amazon jungle, the world’s largest rainforest, after deforestation soared in the past …