BYD, China’s top electric vehicle (EV) maker, recorded a substantial increase in profits in its 2023 annual report published on Tuesday. BYD previously dethroned billionaire Elon Musk’s Tesla as the …
Profits
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By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) -The U.S. Federal Trade Commission recommended Thursday that policymakers look further into profits at grocery store operators that remain elevated since …
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By Nathan Gomes (Reuters) – Several U.S. auto retailers reported dour fourth-quarter profits this week, as price cuts and incentives to lure in buyers in a turbulent economy put a …
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By Laura Sanicola (Reuters) – U.S. oil refiners are expected to report another quarter of lower earnings versus year-ago levels due to weaker fuel prices and after a proliferation of …
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(Reuters) – Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the …
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SEOUL (Reuters) – South Korea’s commercial banks will provide 2 trillion won ($1.53 billion) to support small businesses, the organisation representing the lenders said on Thursday, amid political and regulatory …
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By Pete Schroeder WASHINGTON (Reuters) – U.S. banks reported Wednesday a slowdown in profits in the third quarter of the year, as lower noninterest income and higher realized losses on …
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By Nivedita Balu TORONTO (Reuters) – Canada’s big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid …
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By Lefteris Papadimas ATHENS (Reuters) – Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net …
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MEXICO CITY (Reuters) – Mexican bottler Arca Continental said on Thursday its third-quarter net profit rose 7% as it sold more water and soft drinks than expected in its home …
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BERLIN (Reuters) – German defence contractor Rheinmetall said on Wednesday its third-quarter profitability jumped on strong demand for weapons and ammunitions, with operating profit expected to top consensus estimates by …
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By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few months, a move that could …
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TOKYO (Reuters) – Japan retained its view of a modest recovery in the world’s third-biggest economy, but upgraded its assessment of corporate earnings for the first time since March 2022 …
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By Himanshi Akhand and John Biju (Reuters) – Australian supermarkets are set to report stronger full-year earnings as decades-high inflation propped shelf prices, but outlook on consumer behaviour with rising …
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Defense Company Profits Leveled Off But Stocks Soared In 2022 Micaela Burrow on August 7, 2023 Defense companies raked in similar profits on weapons sales in 2022 compared to the …
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By Tatiana Bautzer and Pete Schroeder NEW YORK (Reuters) – U.S. banking giants may take up to four years to set aside profits to meet new capital rules, according to …
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By Laura Sanicola (Reuters) – U.S. refining profits are expected to fall from last year’s records but remain strong as domestic refining outages and increased foreign competition pose challenges. Refiners …
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Largest US Bank Notches Massive Profits Following Government-Assisted Acquisition Will Kessler on July 14, 2023 The biggest bank in America announced huge profits Friday after previously striking a deal with …
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STEPHEN MOORE: Biden Declares War On Profits Stephen Moore on July 11, 2023 White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making …
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PARIS (Reuters) – Companies in most countries have enough profit to be able to absorb an increase in wages needed for staff to cope with high inflation, the Organisation for …
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By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it launched …
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(Reuters) – New York-based investment management company Brahman Capital Corp is closing one of its equity hedge fund and returning cash to its clients, Bloomberg News reported on Thursday, citing …
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(Reuters) -Chile’s SQM, the world’s second-largest lithium producer, said on Wednesday that its first-quarter net profit slid almost 6% compared to the year-ago period to total nearly $750 million. Revenue …
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By Tom Sims FRANKFURT (Reuters) -Deutsche Bank investors on Wednesday questioned the sustainability of the lender’s growth plans and called for a shift of resources from the investment bank, even …
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(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, almost doubled in the first quarter compared to the year-ago period, the company said in a filing on Monday, …