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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…
Carlyle reports lower than expected 26% slump in Q2 earnings
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm Carlyle Group Inc reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year due to a slump in asset sales,…
Irish manufacturers resume hiring despite slump in activity -PMI
DUBLIN (Reuters) – A slump in Irish manufacturing activity deepened slightly again last month as output was at one of its lowest levels on record, but firms resumed adding staff amid a…
Bud Light maker to lay off hundreds of US corporate staff after sales slump – CNN
(Reuters) – Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, CNN reported on Wednesday citing a company…
Analysis-Dollar slump, overcrowding complicate popular FX carry trade
By Harry Robertson, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – A slide in the dollar and signs that volatility is returning to foreign exchange markets as interest-rate hikes bite is causing…
Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump
(Reuters) – Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects…
Taiwan June exports slump the most in 14 years on weak China, US demand
By Roger Tung and Faith Hung TAIPEI (Reuters) -Taiwan’s exports fell more than expected in June, slumping the most in almost 14 years, as the island struggled with persistent weakness in demand…
Navy, Marine Corps Shelling Out Thousands To New Enlistees Amid Unrelenting Recruitment Slump
Navy, Marine Corps Shelling Out Thousands To New Enlistees Amid Unrelenting Recruitment Slump Micaela Burrow on June 27, 2023 The Navy and Marine Corps are bumping up enlistment bonuses for people looking…
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said on Wednesday, as its monthly indicator declined…
Column-Lithium slump puts China’s spot price under the spotlight: Andy Home
By Andy Home LONDON (Reuters) – High-flying lithium has come crashing back to earth. A super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal reverse…
Marketmind: Slump or recovery in China?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A barrage of Chinese economic data on Tuesday will give investors a clearer picture of…
China’s Oppo to shut down chip design unit as smartphone sales slump
SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China’s best-selling…
JBS shares slump as Q1 shows global difficulties
By Ana Mano SAO PAULO (Reuters) – Shares in Brazilian food giant JBS SA fell more than 10% in early trade on Friday after the company posted a wider-than-expected first quarter loss,…
SocGen beats estimates as bond trading offsets retail banking slump
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and currency markets boosted its trading business. The…
US pending home sales slump unexpectedly in March
(Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in…
Feeling poorer: Property slump hurting Chinese consumers, clouds recovery
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Liu Baoxiang, who runs a mahjong parlour in a city on China’s rust belt, no longer splurges on extravagant fashion items after…
Tupperware rises a day after 50% slump on going concern warning
(Reuters) – Tupperware Brand Corp’s shares recouped some lost ground to climb nearly 7% on Tuesday, a day after losing half their value as the maker of reusable plastic containers flagged doubts…
Canada’s Scotiabank profit falls on capital market slump, provisions
(Reuters) – Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the…
Paramount to raise streaming prices as ad slump knocks revenue
By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on Thursday, amid an…
Taiwan Jan exports down for 5th month, China shipments slump
By Liang-sa Loh and Faith Hung TAIPEI (Reuters) – Taiwan’s exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the long Lunar…
Dell to lay off 5% of workforce amid PC slump
(Reuters) – Dell Technologies Inc said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a…
Steelmaker SSAB flags improving shipments in more stable market
By Niklas Pollard STOCKHOLM (Reuters) -Swedish steelmaker SSAB expects to increase shipments in a more stable market in the first quarter, it said on Friday as it reported earnings in line with…
Marketmind: Parsing the peak, sidestepping a slump
A look at the day ahead in U.S. and global markets from Mike Dolan. There’s no shortage of economic gloom about but optimists have reasons to cling to hopes of peaking interest…
China passenger vehicle sales rise in Dec, Tesla sales slump 41% – data
SHANGHAI (Reuters) – China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy for electric vehicles (EV) before they expired last month, with sales likely…
South Korea Dec factory activity weakens on demand slump, trucker strike – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led…
Corporate China struggles with supply snags, demand slump as COVID cases spread
By Casey Hall, Martin Quin Pollard and Joe Cash SHANGHAI/BEIJING (Reuters) – As China’s massive wave of COVID-19 infections begins its march across a country roughly the size of Europe, the ripple…
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