Ferrari vows ‘even stronger’ 2023 with more new models
By Giulio Piovaccari MILAN (Reuters) – A procession of new models will continue to boost earnings at Ferrari, the Italian luxury sports car maker said on Thursday, as it promised…
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By Giulio Piovaccari MILAN (Reuters) – A procession of new models will continue to boost earnings at Ferrari, the Italian luxury sports car maker said on Thursday, as it promised…
By Nivedita Balu and Akash Sriram (Reuters) – Apple Inc is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China…
By Swati Verma and Noah Browning (Reuters) – The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it…
By Michael Erman (Reuters) – Merck & Co on Thursday forecast 2023 earnings below Wall Street estimates along with an expected steep decline in sales of its COVID-19 antiviral treatment,…
By Tom Westbrook and Vidya Ranganathan SINGAPORE (Reuters) – As Indian tycoon Gautam Adani’s woes deepen and force him to drop a share sale, foreign investors and Indian regulators are…
By Michael S. Derby (Reuters) – The Federal Reserve Bank of New York said Thursday that Roberto Perli will next month become the manager of its massive portfolio of securities…
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 35 basis points to 2.1% on Thursday, following a rate hike earlier in the day by the European…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market remains resilient despite…
By Robert Muller and Jan Lopatka PRAGUE (Reuters) – The Czech National Bank (CNB) left interest rates unchanged at a more than two-decade high on Thursday, saying rate stability for…
By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no…
By Michael Erman (Reuters) -Bristol Myers Squibb Co on Thursday reported quarterly earnings that beat analysts’ estimates due to a smaller-than-expected drop in sales of cancer drug Revlimid, which is…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which…
FRANKFURT (Reuters) – European Central Bank policymakers left Thursday’s meeting expecting at least two more rate hikes, although differences remained about their pace and final destination, two members of the…
By Lindsay Dunsmuir (Reuters) -Global central banks need to make clear to financial markets the probable need for interest rates to remain higher for longer in order to bring inflation…
By Nikunj Ohri NEW DELHI (Reuters) – India is ‘fairly’ confident it can meet its target to cut its fiscal deficit by nearly 200 basis points to 4.5% of GDP…
By Nathan Gomes (Reuters) -Honeywell International Inc forecast first-quarter adjusted profit below estimates, signaling strong demand in its high-margin aerospace unit was not enough to beat the impact of supply…
(Reuters) -Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent price cuts by its client…
By Granth Vanaik (Reuters) -Canada Goose Holdings Inc cut annual forecasts on Thursday after a spike in COVID-19 infections in China dulled store traffic and inflation bit into spending power…
By Krystal Hu (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it…
(Reuters) -Canada’s Rogers Communications Inc on Thursday beat estimates for quarterly revenue, profit and phone subscriber growth, benefiting from higher roaming charges and promotional offers during the holiday quarter. Rogers’…
The U.S. Securities and Exchange Commission has asked some major hedge funds to review certain employees’ personal mobile phones for evidence of business dealings on unapproved channels, Bloomberg News reported…
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods rebounded in December, but higher interest rates are weighing on business spending on equipment, which could keep manufacturing under pressure. The Commerce…
LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns. The U.S. Federal Reserve has just implemented its smallest rise…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s currency firmed and interest rate futures jumped on Thursday as a more hawkish outlook from the central bank led economists to push back…
By Ananya Mariam Rajesh (Reuters) – Estee Lauder Cos Inc forecast a bigger drop in full-year profit than it had initially estimated, citing uncertainity around recovery in major market China.…