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Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump
(Reuters) -Medical equipment maker Thermo Fisher Scientific forecast annual profit and revenue below Wall Street estimates on Wednesday, signaling that a slump in demand for its services used to make therapeutics and…
Porsche increases 2023 deliveries despite China slump
BERLIN (Reuters) – Luxury carmaker Porsche increased its deliveries by 3% in 2023, with 320,221 vehicles delivered worldwide, as growth in Europe and North America offset a challenging market in China, the…
CME’s lithium contract volumes thrive after price slump
By Polina Devitt and Siyi Liu LONDON/BEIJING (Reuters) – A surge in hedging activity by the lithium industry and traders after the recent price slump has benefited CME Group which saw volumes…
Slump for UK builders eases in December on rate cut hopes – PMI
By William Schomberg LONDON (Reuters) – Britain’s construction sector showed signs in December that it might have seen the worst of a slump caused by the steep climb in interest rates, a…
Toronto home sales slump to 23-year low in 2023
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area home sales fell last year to the lowest level in more than two decades despite an uptick in December, as high borrowing costs…
Brazil’s record trade surplus tough to sustain after import slump
By Marcela Ayres BRASILIA (Reuters) – Brazil’s record 2023 trade surplus may be tough to repeat this year, private economists and government officials agree, as falling interest rates are expected to boost…
X’s 2023 ad sales to slump to $2.5 billion – Bloomberg News
(Reuters) -Elon Musk’s social media platform X’s 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday. Several companies including Comcast and Walt Disney paused their…
China’s exports slump seen slowing as pockets of demand emerge- Reuters poll
By Joe Cash BEIJING (Reuters) – Declines in China’s exports likely slowed in November, a Reuters poll showed on Wednesday, amid mixed signs factories in the world’s second-largest economy may be finding…
Investors flock to US natural gas ETF despite price slump
By Suzanne McGee (Reuters) – Investors have been piling into an exchange-traded fund (ETF) designed to track U.S. natural gas prices, in spite of the commodity’s dismal performance in 2023. The U.S.…
Marketmind: VIX slump to put spring in Asia’s step
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets on Monday could kick off the last week of the month in a bullish mood, as…
Allianz retains full-year outlook despite 30% slump in Q3 profit
FRANKFURT (Reuters) – Germany’s Allianz on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintained its full-year profit…
China’s trade slump likely eased further in October: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely fell more slowly for a third consecutive month in October, a Reuters poll showed, adding to signs that the economy is stabilising even…
Skanska misses profit view as property market slump bites
By Niklas Pollard STOCKHOLM (Reuters) – Swedish builder Skanska reported third-quarter earnings far below market expectations on Wednesday as weak property markets took a toll in the shape of asset writedowns and…
Marketmind: Ominous signal – Wall St slides despite yield slump
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets look to round off a difficult week with a flourish…
Marketmind: A familiar pattern – stocks slump, yields spike
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Thursday are set to open on the defensive, with…
China’s trade slump likely eased further in September, adds to stabilisation signs: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely contracted at a slower pace for a second consecutive month in September, a Reuters poll showed on Wednesday, adding to a string of…
Samsung Q3 profit set to slump 80% as chip losses persist
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses in what…
Foxconn expects strong holiday sales in Q4, Sept sales slump
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales…
House-building slump brings biggest UK construction fall since 2020-PMI
By David Milliken LONDON (Reuters) – Britain’s construction industry saw the biggest slide in activity in more than three years last month, as higher interest rates led to one of the sharpest…
Slump in UK retail sales eases in September, CBI says
LONDON (Reuters) -British retailers reported a smaller annual fall in sales for September than during the previous month and expect a modest improvement in the months ahead, the Confederation of British Industry…
Analysis-Tax slump in outperforming Brazilian economy scrambles reform plans
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Even as Brazil’s economic growth blew past expectations in the first half of this year, tax revenue has tumbled, underscoring doubts about the…
Australian regulator warns pension funds over unlisted company valuations after Canva slump
By Lewis Jackson SYDNEY (Reuters) – Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva,…
China new home prices fall for fourth month, sales slump – survey
BEIJING (Reuters) – China’s new home prices fell for the fourth month in August, according to a private survey on Friday, as a property debt crisis kept confidence at a low ebb…
Thai July factory output falls more than forecast as exports slump
BANGKOK (Reuters) – Thailand’s factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a ministry official said on Thursday. The manufacturing production index (MPI) fell for…
J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat government sales and investment data for the sector. Analysts at the brokerage…
Marketmind: Awaiting another China exports slump
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Wall Street and world stocks may have shrugged off a spike up…
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