Berkshire trims Apple, sheds four stocks, mum on new investment
By Jonathan Stempel (Reuters) -Berkshire Hathaway on Wednesday said it has trimmed its huge stake in Apple and shed four common stock holdings, and kept …
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MacKenzie Scott trims Amazon Stake by $10 billion- Bloomberg News
(Reuters) – MacKenzie Scott, ex-wife of Amazon.com billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News reported …
Brazil’s government trims 2023 GDP growth estimate
BRASILIA (Reuters) – Brazil’s Finance Ministry lowered its forecast for the country’s economic growth for this year and 2024, a report by its economic policy …
Leonardo focuses on European alliances as it trims DRS stake in US
By Giulia Segreti and Alvise Armellini ROME (Reuters) – Italy’s Leonardo is trimming its stake in U.S. unit DRS as new CEO Roberto Cingolani looks …
Bath & Body Works trims sales forecast as demand slows into holiday season
(Reuters) – Bath & Body Works lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as …
Data center firm Equinix trims annual revenue forecast on weak corporate spending
(Reuters) – Data center company Equinix trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale …
Invitation Homes trims annual core FFO forecast
(Reuters) – Single-family rental giant Invitation Homes Inc on Wednesday trimmed its full-year core funds from operations (FFO) forecast, amid growing weakness in the real-estate …
Kokusai Electric trims indicative IPO pricing about 3%
By Sam Nussey, Makiko Yamazaki and Miho Uranaka TOKYO (Reuters) -Japanese chip equipment maker Kokusai Electric on Tuesday trimmed the indicative pricing for its $730 …
Ireland trims 2023 budget surplus, corporate tax forecasts
DUBLIN (Reuters) – Ireland is set to collect 0.6% less tax than expected this year following a recent fall in corporate receipts and deliver a …
French central bank raises 2023 growth outlook, trims 2024 and 2025
PARIS (Reuters) – France’s economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the …
Canada’s largest pension fund trims staff as it puts China deals on hold – sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at …
Norway wealth fund trims overweight tech investments
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a …
Philip Morris trims annual profit forecast on elevated costs
(Reuters) -Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday, hit by rising tobacco leaf prices, energy and labor costs. Shares …
ECB slowly trims carbon footprint of its bond stash
FRANKFURT (Reuters) – The European Central Bank has trimmed the carbon intensity of its 385-billion-euro stash of corporate bonds but the dwindling of purchases is …
ADB trims growth outlook for developing Asia as headwinds persist
By Karen Lema MANILA (Reuters) – The Asian Development Bank cut its growth forecasts for developing Asia for this year and next as the region …
Britain to help insurers invest in economy, trims bank tax rate
By Huw Jones, Iain Withers and Carolyn Cohn LONDON (Reuters) -Britain set out more plans on Thursday to help make it the world’s most competitive …
Berkshire trims stake in China’s BYD H-shares worth HK$560 million – filing
HONG KONG (Reuters) – Berkshire Hathaway Inc, the investment firm owned by Warren Buffett, has sold 3.297 million Hong Kong-listed shares of electric vehicle maker …
J.P. Morgan trims equity positions, adds to bonds
NEW YORK (Reuters) – J.P. Morgan strategists said they are cutting back on their overweight position in equities and trimming their underweight position in bonds …
EU court backs EU antitrust decision against Google, trims fine
LUXEMBOURG (Reuters) – Europe’s second-top court on Wednesday upheld an EU antitrust decision against Alphabet unit Google for using its Android mobile operating system to …
Raytheon trims full-year free cash flow outlook
(Reuters) – Defense contractor Raytheon Technologies Corp on Tuesday trimmed its full-year free cash flow forecast, amid inflationary pressures, higher costs and supply chain snags. …
Berkshire trims stake in China’s BYD with 1.72 million H share sale -filing
SHANGHAI (Reuters) – Berkshire Hathaway Inc, the investment firm owned by Warren Buffett, has sold 1.72 million Hong Kong-listed shares of electric vehicle maker BYD …
Zambia leaves policy rate on hold, trims 2022 forecasts
By Chris Mfula LUSAKA (Reuters) – Zambia’s central bank kept its monetary policy rate unchanged at 9.0% on Wednesday, and lowered its inflation and economic …
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance …
Spirit Airlines trims spring, summer schedule to avoid disruptions – WSJ
(Reuters) – Spirit Airlines Inc will cut back on flights in the coming months in a bid to avoid any weather-related disruptions as airlines struggle …
Thai business group trims 2022 growth outlook over Ukraine war
BANGKOK – Thailand’s leading joint business group on Tuesday trimmed its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% …