Turkish banks trim deposit rates as margins pressured -sources
By Ebru Tuncay ISTANBUL (Reuters) – Some Turkish banks have begun to cut their lira deposit rates to ease pressure on margins, banking sources said, after rising interest rates during the central…
Duke Energy beats profit estimates on higher margins
NEW YORK (Reuters) – Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to…
Amazon analysts expect same-day delivery to boost margins in Q3
By Arriana McLymore NEW YORK (Reuters) – Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more…
US oil refiners crank out diesel, further squeezing margins for gasoline
By Laura Sanicola and Stephanie Kelly WASHINGTON (Reuters) – U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit…
Australia’s AMP hits over 2-month low on flagging fall in annual margins
By Rishav Chatterjee (Reuters) – Shares in AMP touched a more than two-month low on Wednesday, after the Australian wealth manager flagged lower growth expectations for the rest of the year and…
Tesla earnings: investors watching margins, deliveries, self-driving
By Akash Sriram (Reuters) – Tesla’s margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023, leaving investors fretting about more…
Nike shares jump on leaner inventory, better margins outlook
By Savyata Mishra (Reuters) -Nike shares climbed as much as 11% on Friday as the company further trimmed its inventory ahead of the all-important holiday shopping season and forecast improved second-quarter gross…
Chinese banks should keep a ‘proper level’ of profit margins -central bank
BEIJING (Reuters) – Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure sustainability in supporting the real economy, China’s central bank said in a…
Colombia’s Grupo Aval posts 75% fall in profit as bank margins fall
(Reuters) – Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest…
Refiners make hay as global profit margins rebound
By Mohi Narayan, Laura Sanicola and Ahmad Ghaddar NEW DELHI/WASHINGTON/LONDON (Reuters) – Global refiners are raking in hefty gains, fuelled by a rebound from second-quarter lows in margins on making oil products…
Suncorp sees improvement in margins from insurance; annual cash earnings jump
(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium term from higher renewal premium rates in…
Aussie banks margins seen falling; outlook key in high-rate environment
By Upasana Singh and Rishav Chatterjee (Reuters) – Australia’s biggest banks are likely to report narrower profit margins in the June quarter as an unprecedented pace of interest rate hikes to curb…
Enterprise reports lower Q2 earnings as margins tighten
By Stephanie Kelly NEW YORK (Reuters) -U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter due to a major year-on-year drop in the price of natural…
U.S. fast-food chains report fatter margins as cheese, chicken, avocado costs fall
By Deborah Mary Sophia and Kailyn Rhone (Reuters) – Major U.S. restaurant chains including burger giant McDonald’s saw lower ingredient costs, especially for chicken, cheese and avocado, drive profit margins in the…
Stellantis CEO says Tesla margins hurt as EV maker faces reality check
MILAN (Reuters) – Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival U.S. automaker entered the real world of manufacturing and competition. “They are…
Rebounding margins silver lining for US retail firms in uncertain economy
By Aishwarya Venugopal (Reuters) – Lower input costs and inventories, as well as extended price hikes are pushing a quicker-than-expected recovery in margins at U.S. consumer-facing firms including PepsiCo, Kraft Heinz, and…
Walmart investors eye margins amid grocery focus
By Siddharth Cavale NEW YORK (Reuters) – When Walmart reports earnings Thursday, investors will get an even closer look at how American shoppers shifted their spending when faced with higher prices on…
China’s top banks post shrinking margins in Q1
By Ziyi Tang and Engen Tham SHANGHAI/BEIJING (Reuters) – Five of China’s largest lenders posted shrinking margins in the first quarter on Friday, as loan re-pricing bites. Borrowers are struggling to repay…
Smaller Chinese banks cut deposit rates on squeezed margins
BEIJING (Reuters) – Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid rising economic…
Explainer-Oil price surge changes ECB narrative only at the margins
FRANKFURT (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the European Central Bank as it tries to bring down inflation but…
Maserati aims at driving margins higher before any spin-off talk
By Giulio Piovaccari MILAN (Reuters) – Maserati aims to increase its margin on operating profit to 15% in the next 12 months and sees a longer term target of 20% by the…
Blinken, Lavrov spoke briefly on margins of G20 meeting – U.S. official
By Simon Lewis NEW DELHI (Reuters) – U.S. Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov spoke for less than 10 minutes on the margins of the G20 meeting…
Gold miners may see margins shine as energy, labor costs edge lower
By Arshreet Singh (Reuters) – Gold miners are set to report healthier margins for the fourth quarter as higher energy and labor costs, which dented bottom-lines for much of 2022, are expected…
Citi’s high deposit betas to squeeze interest margins – Moody’s
By Mehnaz Yasmin (Reuters) – Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due to its high deposit betas, or the…
Suncorp cash earnings jump on strong margins and investment returns, shares up
By Roushni Nair (Reuters) -Australia’s Suncorp Group posted a 63% jump in first-half cash earnings on Wednesday, helped by strong underlying margins and investment returns, while the insurer flagged higher reinsurance and…
U.S. oil refining margins hit 3-month high as plant outages rise
By Shariq Khan (Reuters) – U.S. oil refining margins on Tuesday hit a three-month high and are likely headed higher, analysts said, as unplanned refinery outages weigh on already-tight fuel supplies. The…
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