Brown & Brown’s Q4 profit jumps on robust growth in fee, investment income
(Reuters) – Insurance brokerage Brown & Brown reported an 85% surge in fourth-quarter profit to $268.6 million on Monday, helped by higher commissions and fees alongside better investment returns. The insurance industry…
Abercrombie & Fitch lifts holiday sales forecast on robust demand
(Reuters) -Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key holiday shopping period. The company and Lululemon…
Global equity funds draw robust inflows on rate cut hopes
(Reuters) – Global equity funds attracted substantial inflows in the week through Dec. 27 as data showed U.S. inflation cooled further in November, cementing expectations that the Federal Reserve would cut interest…
South Korea November factory output jumps thanks to robust chip production
By Cynthia Kim SEOUL (Reuters) – South Korea’s November factory output posted the fastest gain since May 2022 on soaring chip production, official data showed on Thursday. The industrial output index increased…
Yellen says Fed performance strong, U.S. economy robust
MEXICO CITY (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Reserve is performing strongly and that she was feeling very satisfied about the path that the U.S.…
Robust Nov foreign inflows in Asian equities signal positive outlook for 2024
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian equities attracted substantial foreign investment in November, signalling the prospects of continued inflows next year, bolstered by a decrease in U.S. Treasury yields…
EasyJet delivers robust full-year results, Israel war hurts outlook
By Joanna Plucinska LONDON (Reuters) -EasyJet on Tuesday reported 2023 earnings slightly ahead of analysts’ expectations after a year of robust travel demand and forward bookings, but the British carrier said geopolitical…
Ross Stores lifts annual profit view on cooling freight, robust off-price demand
(Reuters) – Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets and easing freight costs, sending its…
Global money market funds attract robust inflows on central bank policy caution
(Reuters) – Investors channelled substantial sums into global money market funds in the week leading to Nov. 1, seeking the safety of these assets ahead of pivotal policy decisions from the world’s…
MetLife beats quarterly profit estimates on robust investment income
(Reuters) – MetLife on Wednesday reported a third-quarter profit that was above Wall Street expectations, as recovery in the U.S. markets boosted the insurer’s return from investments. Wall Street has rallied this…
Defense firm Leidos raises outlook on robust weapons demand
(Reuters) – U.S. defense contractor Leidos Holdings on Tuesday raised its full-year profit and revenue forecasts on the back of strong weapons demand amid rising geopolitical tensions. Defense companies have seen robust…
Toyota set to ride robust demand, weak yen to bumper profit
TOKYO (Reuters) – Toyota Motor is expected to report a surge in third quarter profit on Wednesday and lift its full-year outlook as the Japanese automaker benefits from both robust demand and…
Moody’s quarterly profit beats estimates on robust demand
(Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics. The New York-based company saw robust demand for its…
Northern Trust posts smaller drop in Q3 profit on robust fee-based income
(Reuters) – Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in its interest…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico to 3.2% from a 2.6% forecast issued in July, citing strength in…
Irish service growth remains robust, inflation pressures ease-PMI
DUBLIN (Reuters) – Irish service sector growth remained robust in July amid a strengthening in business sentiment and a slight easing in still high input and output cost pressures, a survey showed…
Derivatives exchange CME Group’s profit rises on robust demand
(Reuters) – CME Group Inc reported a rise in its second-quarter profit on Wednesday, as traders turned to the exchange operator’s products to hedge against market volatility triggered by recession fears. Demand…
SK Hynix says memory chip recovery has begun, flags robust AI demand
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix said on Wednesday the memory chip market was beginning to recover from a deep downturn amid robust artificial intelligence demand…
Blinken: U.S. to set out a ‘robust’ assistance package for Ukraine
LONDON (Reuters) – U.S. Secretary of State Antony Blinken said he would set out a new assistance package for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest…
Japan GDP growth likely accelerated in Q1 on robust services consumption- Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew in January-March at the fastest pace in three quarters, as spending in the services sector offset soft business activity, a Reuters poll…
Australia business activity robust in April, cost pressures still a challenge
SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high inflation and rising interest rates, while cost pressures were still posing a…
ADB head: Developing Asia’s growth robust, tightening global finances a risk
(Reuters) – Asia’s developing economies have seen “very robust” growth but face risks from tightening global financial conditions due to rapid U.S. and European interest rate hikes, Asian Development Bank (ADB) President…
JetBlue forecasts second-quarter profit above expectations on robust demand
(Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel. Shares of the airline rose…
Supreme Court To Hear Case That Could Restore Robust Workplace Religous Accommodations
Supreme Court To Hear Case That Could Restore Robust Workplace Religous Accommodations Katelynn Richardson on April 17, 2023 The Supreme Court will hear the case of a former U.S. Postal Service (USPS)…
Australia’s robust March employment suggests RBA may hike again
By Stella Qiu SYDNEY (Reuters) – Australia employment blew past expectations for a second month in March while the jobless rate held near 50-year lows, an unambiguously strong report that suggests the…
Mexico’s top central banker: Mexican banks robust, have sufficient cash
MERIDA, Mexico (Reuters) – Bank of Mexico Governor Victoria Rodriguez vouched for the country’s banking system on Thursday, calling it robust and sufficiently liquid, just days after banking woes struck lenders abroad,…
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