SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge
(Reuters) – SolarEdge Technologies on Wednesday forecast fourth-quarter revenue below Wall Street estimates on weak demand for its solar inverters, sending the company’s shares down 22.3% in extended trade. Growth for solar…
FOOD CRISIS: Biden Admin Is Letting Farmers Plant On Conserved Lands As ‘Supply Challenges’ Loom
FOOD CRISIS: Biden Admin Is Letting Farmers Plant On Conserved Lands As ‘Supply Challenges’ Loom Thomas Catenacci on May 26, 2022 The Biden administration announced Thursday it would allow farmers to harvest…
Investor pessimism mounts as more Fed rate hikes loom
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK – Stock market investors are heading into the U.S. Federal Reserve’s rate-setting announcement particularly pessimistic, with fresh milestones for bond yields and worries…
U.S. companies load up on costly inventories as new supply snarls loom in China
By Timothy Aeppel (Reuters) – Through most of the pandemic, Kent International, Inc couldn’t import enough Chinese-made bicycles to supply Walmart Inc and its other big U.S. retail customers. But in recent…
Russian banks need to be recapitalised as losses loom, VTB CEO says
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined later this…
Lira deposit scheme payouts loom as Turkey juggles finances
By Orhan Coskun and Nevzat Devranoglu ANKARA – A scheme that protects the value of lira deposits has helped Turkey prop up the ailing currency, but payouts from it look set to…
Debt deadline and central bank hikes loom in Russia
By Marc Jones LONDON – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency central bank measures likely…
Chinese startups’ SPAC listings gather pace as tougher offshore IPO rules loom
By Selena Li and Samuel Shen HONG KONG – Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing’s tighter scrutiny has…
Russia’s Putin pledges uninterrupted gas supplies as sanctions loom
By Katya Golubkova and Oksana Kobzeva MOSCOW – Russia will continue uninterrupted natural gas supplies to world markets, President Vladimir Putin pledged on Tuesday, after Germany halted a key gas pipeline’s certification…
Canadian inflation hits fresh 30-year high in January, rate hikes loom
By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to rise, official…
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