Australia’s Pilbara Minerals reported a 46% sequential drop in its second-quarter revenue on Wednesday as average realised price for spodumene halved, and lowered annual capital expenditure guidance. Australian lithium producers …
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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 …
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(Reuters) – Norfolk Southern Corp’s second-quarter profit tumbled 55% after the U.S. railroad operator recorded a fresh $416 million charge associated with the Eastern Ohio freight train derailment. The derailment …
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(Reuters) – KeyCorp reported on Thursday a bigger-than-expected 50% fall in quarterly profit, as it set aside more rainy day funds amid growing economic uncertainties. Shares of the company fell …
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A look at the day ahead in U.S. and global markets from Mike Dolan. After a heady January brew, investors now see triples all round. Global stock markets put in …
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(Reuters) – MetLife Inc on Wednesday reported a 53% drop in third-quarter profit as economic pressures and a global market rout led to weaker returns from the U.S. insurer’s investments. …
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Fed to hike by 75 bps again on Nov. 2, should pause when inflation halves – economists: Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will go for its fourth consecutive 75 basis point interest rate hike on Nov. 2, according to economists polled by …
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(Reuters) – Lucid Group on Wednesday halved its production forecast for electric vehicles, blaming extraordinary supply chain and logistics challenges, sending its shares down 10% after the bell. The company …
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BENGALURU – India’s aviation regulator on Wednesday ordered SpiceJet to slash its approved fleet to 50% this summer for eight weeks citing safety snags and said it will subject the …
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JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said …