(Reuters) – U.S. timber company Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its wood products business. The Seattle, Washington-based firm reported an adjusted net profit …
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MIsc. News
Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand
by Reutersby Reuters(Reuters) – Corona beer maker Constellation Brands’ third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of …
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(Reuters) – Oracle shares fell 9% in premarket trading on Tuesday as another quarter of below-expectations cloud sales and a bleak forecast amplified concerns over the pace of growth at …
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Business News
Australia Aug retail sales post tepid rise, add to rate pause case
by Reutersby ReutersBy Stella Qiu SYDNEY (Reuters) – Australian retail sales rose modestly in August as consumers continued to cut back on spending in the face of elevated living expenses and high …
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Business News
Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook
by Reutersby Reuters(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face continued economic headwinds through the …
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Business News
Corebridge posts smaller-than-feared profit drop on strong investment income
by Reutersby Reuters(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in …
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(Reuters) – Futures for Canada’s main stock index were flat on Monday, with investors on the sidelines as they brace for a week of key interest rate decisions from major …
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Financial News
China GDP data to show sharp slowdown in Q2, tepid recovery in June
by Reutersby ReutersBy Kevin Yao BEIJING – China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity …
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Financial News
Analysis-Ukraine-related price jolts threaten Cuba’s already tepid recovery
by Reutersby ReutersBy Marc Frank HAVANA – The Russian invasion of Ukraine is making Cuba’s three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient recovery and threatening more hardship …
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Business News
U.S. worker productivity rebounds in fourth quarter; labor costs tepid
by Reutersby ReutersWASHINGTON – U.S. worker productivity rebounded more than expected in the fourth quarter, curbing labor costs growth, but the coronavirus pandemic has distorted the data and prevented a clear trend. …