Inter IKEA posts 45% profit fall on costs, Russia
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) as it passed on some,…
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) as it passed on some,…
PARIS (Reuters) – BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with trading revenues helping offset rising costs and markdowns…
(Reuters) – Insurer American International Group Inc on Tuesday reported a more than 39% decline in quarterly profit as investment income fell by more than $1 billion and losses from…
OSLO (Reuters) – Crisis-hit airline SAS said on Tuesday it had reached agreements with two more lessors representing seven aircraft in the company’s fleet to amend the terms of existing…
KARACHI, Pakistan (Reuters) – Pakistan’s consumer inflation accelerated in October to 26.6% from a year earlier, the statistics bureau said on Tuesday, with prices showing a rise of 4.7% from…
WASHINGTON (Reuters) – U.S. President Joe Biden on Monday will call on oil and gas companies to invest some of their record profits in lowering costs for American families, a…
Germany’s Defense Pledges Are Uncertain As Costs Of War Bite, Experts Say Micaela Burrow on October 30, 2022 Germany has become the fourth largest military supporter of Ukraine after the…
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican bottler and retailer Femsa posted a drop in third-quarter net profit on Friday to 10.75 billion pesos ($534.10 million),…
WASHINGTON (Reuters) – U.S. labor costs increased solidly in the third quarter, but private sector wage growth slowed considerably, suggesting inflation had either peaked or was close doing so. The…
BERLIN (Reuters) – Germany’s economic downturn deepened in October, the flash S&P Global composite purchasing managers’ index showed on Monday as its reading fell to 44.1 from 45.7 in September,…
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MEXICO CITY (Reuters) – Mexico’s craft beer industry should grow by over 10% this year, the country’s brewing association ACERMEX said on Friday, even as it faces sky-rocketing costs and…
By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published on Wednesday found, as soaring interest rates both…
By Nivedita Balu (Reuters) – Lyft Inc is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The…
By Steven Scheer and Maayan Lubell MODIIN, Israel (Reuters) – Israelis are as fed-up with soaring prices as they are with the country’s seemingly never ending elections. In the Nov.…
LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports that the Swiss lender may…
SAO PAULO (Reuters) – Brazil’s consumer prices were in deflationary territory for the third month in a row in September, data from government statistics agency IBGE showed on Tuesday, still…
LONDON (Reuters) – British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert “more significant downward…
Food prices in America are continuing to climb, and those price hikes are going to hit the pockets of Americans when it comes to celebrating Thanksgiving with a family feast…
STOCKHOLM (Reuters) -Crisis-hit airline SAS said on Wednesday it had reached agreements with 10 of its lessors representing 36 aircraft to amend the terms of existing lease contracts. The Scandinavian…
During a weekly press conference, Speaker of the House Nancy Pelosi touted the Democrat controlled Congress’ achievements during the recent legislative session. Pelosi credited her party with delivering lower costs…
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on Thursday, as inflation pressures and…
(Reuters) – Mitchells & Butlers warned of tighter margins in its new financial year as costs rise, driving shares in the British pub operator to two-year lows. Energy and utility…
(Reuters) – Slovakia’s Prime Minister Eduard Heger said that soaring electricity costs had left the country’s economy at risk of “collapse”, the Financial Times reported on Wednesday. Heger said that…
WASHINGTON (Reuters) – U.S. President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation. During a White…