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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 on Friday. The share sale forms about…
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 customers cut back spending on non-essential items…
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 back their plans for cloud-based infrastructure. The…
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 sector due to higher interest rates. REITs…
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 million initial public offering by about 3%,…
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 lower than forecast budget surplus that Tuesday’s…
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 central bank said on Monday, but it…
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 its Hong Kong office as it steps…
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 press conference on Wednesday. (Reporting by Gwladys…
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 of the company fell about 2% in…
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 slowing its progress, an ECB report showed…
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 faces persistent headwinds from the Russia-Ukraine conflict,…
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 financial centre by easing capital rules for…
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 BYD for HK$560.05 million ($71.35 million), according…
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 due to increased risk that central banks…
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 quash rivals but trimmed the record fine…
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. The Arlington, Virginia-based company said it lowered…
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 for HK$450.83 million ($57 million), according to…
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 growth forecasts for this year. The bank…
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 Ministry said on Thursday as it also…
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 to meet a spike in demand, the…
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% due to the impact of the Russia-Ukraine…
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