(Reuters) – Albemarle, the world’s largest producer of lithium, posted a 66% drop in quarterly profit on Wednesday and cut its annual forecast, citing slipping prices for the electric vehicle…
By Yuvraj Malik (Reuters) – Apple investors will have one big question when the world’s most valuable company reports earnings on Thursday – will Huawei’s resurgence in China dampen its…
By Twinnie Siu and Donny Kwok HONG KONG (Reuters) -Hong Kong’s economic growth accelerated in the third quarter to 4.1% from a year earlier, official advance estimates showed on Tuesday,…
By Radhika Anilkumar (Reuters) -Coca-Cola HBC maintained its annual profit and sales forecasts on Tuesday as strong demand for the bottler’s energy and coffee drinks offsets the impact of foreign…
(Reuters) – Chipmaker Wolfspeed on Monday forecast a smaller-than-estimated second-quarter loss as it expects a boost to its business from a ramp-up in production at its new New York factory,…
(Reuters) – Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes and improved occupancy in its…
TRENTON, NJ – Even if it was just for a few days, the rain stopped, and the summer returned this weekend to New Jersey. Temperatures in the 80s and sunny…
By Arathy Somasekhar HOUSTON (Reuters) -Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas…
(Reuters) – Whirlpool Corp tempered its full-year profit forecast on Wednesday, signaling softening demand for its washing machines and kitchen appliances amid a cost-of-living crisis and sending its shares 5%…
(Reuters) – Data center company Equinix trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cloud-based…
(Reuters) – Single-family rental giant Invitation Homes Inc on Wednesday trimmed its full-year core funds from operations (FFO) forecast, amid growing weakness in the real-estate sector due to higher interest…
(Reuters) – Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on…
NEW JERSEY – Residents can expect a mixed bag of weather conditions over the weekend, according to the latest forecasts. Showers are likely mainly before 2pm today, coupled with patchy…
(Reuters) – PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped…
(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with its prior projection of no…
(Reuters) – UBS said it now expects the S&P 500 to hit 4,700 points only by December 2024, instead of the middle of the year as it forecast earlier, due…
By Fergal Smith TORONTO (Reuters) -Canadian home sales fell for a third straight month in September and the industry group that produces the data downgraded its forecast for the full…
ROME (Reuters) – The Italian economy will grow by 0.7% in 2023 and by 0.8% next year, the country’s central bank said on Friday, revising down previous forecasts made in…
By Alex Lawler LONDON (Reuters) – OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient…
By Gabriel Burin (Reuters) – Brazil’s consumer prices likely rose faster in September, led by hikes in gasoline costs that should have brought annual inflation to the highest rate in…
DUBAI (Reuters) – The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2023 to 0.8% and estimated growth of 4% next year in its latest…
MUMBAI (Reuters) -India’s economic growth forecast for the current fiscal year has been raised to 6.3% from 6.1% earlier, the International Monetary Fund said in its October 2023 World Economic…
(Reuters) – Russia’s economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption in a stretched labour market…
GENEVA (Reuters) – The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and…
BANGKOK (Reuters) – Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate. Exports, a key…