[the_ad id="1125697"]
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…
Russia’s Magnit races to open discount stores as living standards slump
MOSCOW (Reuters) – Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options amid a recession that is…
Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights…
Russian economy has overcome short-term slump caused by mobilisation – central bank
MOSCOW (Reuters) – Russia’s economy has overcome the short-term slump caused by President Vladimir Putin’s partial mobilisation order, but the disinflationary impact it had in reducing consumer demand has practically disappeared, the…
Russia’s car sales slump continues, down 61.6% y/y in November
MOSCOW (Reuters) -Russia’s automobile market slump extended into November, the Association of European Businesses (AEB) said on Tuesday, with sales of new cars down 61.6% year-on-year, as the struggling sector feels the…
Bank of Montreal posts lower quarterly profit as capital markets slump
(Reuters) – Canada’s Bank of Montreal posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased provisions for credit losses to brace for…
Australia house prices forecast to slump 16% from peak- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters poll of analysts who forecast a peak-to-trough…
South Korea looks to spur exports to overcome slump
By Choonsik Yoo SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Wednesday the government would aid companies with the promotion of exports to key regions like Southeast Asia to counter…
Chinese investors burnt by bond slump urged to have ‘serene heart’
SHANGHAI (Reuters) – Sharp declines in Chinese bond prices as the government takes steps to boost the economy have prompted an investor outcry and a rush of redemptions, putting pressure on asset…
Japan’s biggest bank Mitsubishi UFJ reports 70.5% slump in Q2 profit
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc, Japan’s largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale…
UK services slump at fastest pace since early 2021 – PMI
LONDON (Reuters) – The biggest downturn since January 2021 hit British services companies last month, although it was not as severe as first estimated, according to a business survey that underlined the…
Qualcomm revenue forecast falls short as smartphone sales slump; shares slide
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc’s forecast for holiday-quarter revenue fell about $2 billion short of Street estimates, as the chipmaker struggles with a slump in sales to…
Economic slump nudges down platinum and palladium forecasts – Reuters poll
By Eileen Soreng and Peter Hobson (Reuters) – Analysts and traders have downgraded their forecasts for platinum and palladium prices next year as a global economic slowdown reduces demand, according to a…
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and said it…
Microsoft revenue forecast under threat from PC market slump, mighty dollar
By Yuvraj Malik (Reuters) – Microsoft Corp is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts casting doubts whether the company can maintain…
Uber, Lyft slump as U.S. proposal on workers a potential blow to gig economy
(Reuters) – Shares of Uber Inc, Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies from treating workers as independent contractors would…
UK gilts slump as government fails to woo investors
By Andy Bruce LONDON (Reuters) – British government bond prices tumbled on Monday in a sign that investors are yet to be convinced by Finance Minister Kwasi Kwarteng’s drive to shore up…
Shares in French TV group M6 slump after RTL scraps plan to sell stake
PARIS (Reuters) – Shares in French TV company M6 slumped on Tuesday after Bertelsmann’s RTL Group scrapped a plan to sell its controlling stake in M6. M6 shares were down 4.1 percent…
Bed, Bath & Beyond investors watching merchandise mix during sales slump
By Arriana McLymore NEW YORK, NY (Reuters) – Bed Bath & Beyond investors will be closely watching the home goods retailer’s second quarter earnings on Thursday for clues as to how customers…
Pakistan’s bonds slump on report UN DP to recommend debt restructuring
LONDON (Reuters) – Pakistan’s bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations Development Programme was set to publish a…
Rising rates, price slump deal double blow to Hong Kong homeowners
By Clare Jim HONG KONG (Reuters) – When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain by the…
German exports beyond the EU slump in July
BERLIN (Reuters) – German exports beyond the European Union fell by 7.6% on the month in July, the Federal Statistics Office said on Monday, marking a weak start to the second half…
Thailand’s investment pledges slump in H1 as foreign projects wane
BANGKOK (Reuters) – Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data showed on Wednesday, led by a sharp…
German industrial orders slump less than expected
BERLIN – German industrial orders posted a smaller-than-expected month-on-month drop in June, data showed on Thursday. Orders for industrial goods fell by 0.4% on the month in seasonally adjusted terms, figures from…
German manufacturing sector contracts as new orders slump – PMI
BERLIN – Germany’s manufacturing sector contracted in July for the first time in over two years, hurt by a deepening slump in new orders that darkens the outlook for Europe’s largest economy,…
Polish manufacturing slump deepens as output plunges -PMI
WARSAW – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P…
Breaking News
