Colgate-Palmolive sees sales slowing in 2024 as muted volumes weigh
(Reuters) – Colgate-Palmolive on Friday forecast fiscal 2024 sales below estimates, as higher prices of its oral and personal care products continue to weigh on volumes. The toothpaste maker expects annual sales…
Dealmakers see rebound after global M&A volumes hit decade-low
By Anirban Sen and Anousha Sakoui NEW YORK (Reuters) – Mergers and acquisitions (M&A) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an…
Mexican drinks seller Arca profits rise on ‘surprise’ sales volumes
MEXICO CITY (Reuters) – Mexican bottler Arca Continental said on Thursday its third-quarter net profit rose 7% as it sold more water and soft drinks than expected in its home market and…
CSX Corp profit misses Wall Street estimates on weak freight volumes
(Reuters) – U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains. Inflationary pressures and higher…
Hospital operator HCA raises 2023 profit view as surgery volumes rebound
(Reuters) -Hospital operator HCA Healthcare Inc on Thursday raised its annual profit forecast, betting on a recovery in non-urgent medical procedures as more patients return to hospitals for surgeries delayed during the…
J.B. Hunt misses profit, revenue estimates hit by weak freight volumes
(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as high inflation dented consumer spending. Shares of…
Recession risk, rate rises drive down private equity deal volumes to 4-year low
By Patturaja Murugaboopathy (Reuters) – Dealmaking by private equity firms hit its lowest in four years, under pressure from high interest rates, recession fears, and a weak outlook for corporate earnings, although…
Saudi Aramco to supply full oil volumes to Asia in June, but some seek less
By Muyu Xu SINGAPORE (Reuters) – Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have requested in June, several sources with knowledge…
Australia Q1 retail sales volumes fall for a second straight quarter
SYDNEY (Reuters) – Australian retail sales volumes during the first quarter of 2023 fell for a second straight quarter, a sign that rising interest rates and the high cost of living are…
Binance lifts block on bitcoin withdrawals amid heavy volumes
SINGAPORE (Reuters) -Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday…
Global wine trade hits record-high value but volumes fall
PARIS (Reuters) – The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical…
NYSE-owner ICE says futures and options volumes hit record on regional bank stress
By John McCrank NEW YORK (Reuters) – Intercontinental Exchange Inc on Wednesday said investor concerns over risks from regional banks drove its futures and options volumes to record highs this week, topping…
Dairy prices, volumes fall at auction – GDT events
(Reuters) – International milk prices and volumes fell at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 0.7%, with an average selling price of…
Australia retail sales volumes dip in Q4, price growth slows
SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign higher borrowing costs are finally working to…
Moscow Exchange says 2022 trading volumes surpassed $14.4 trillion
By Elena Fabrichnaya MOSCOW (Reuters) -Trading volumes on Moscow Exchange, Russia’s largest bourse, surpassed 1 quadrillion roubles ($14.44 trillion) for the second year running, it said on Monday, in part due to…
China’s re-opening to lift Asia equity capital market volumes from three-year lows
By Scott Murdoch SYDNEY (Reuters) – Asian equity capital markets activity, languishing at three-year lows now, is set to get a much needed boost in 2023 from China’s expected re-opening to the…
Russia’s Gazprom Neft eyes steady oil refining volumes in 2023
By Olesya Astakhova OMSK, Russia (Reuters) – Gazprom Neft, the oil arm of Russian gas giant Gazprom, plans to keep its oil refining steady next year, at around 41 million tonnes, a…
China leads global equity IPO volumes this year
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Chinese companies are at the forefront of global stock offerings this year, with their issuances being facilitated by easy monetary settings at home and…
Brazil’s Rumo profit soars on higher volumes, tariffs
SAO PAULO (Reuters) – Brazilian railroad operator Rumo SA reported on Thursday a six-fold jump in third-quarter profit, benefiting mainly from higher agribusiness cargo volumes in Brazil’s Midwest plus higher tariffs. Rumo’s…
Exchange operator CME tops profit views as trading volumes surge
(Reuters) – Futures exchange operator CME Group Inc reported third-quarter profits that beat expectations as volatility in the global markets amid high inflation, aggressive rate hikes and recession fears, drove trading volumes…
Global coffee market favoring higher quality, not higher volumes
By Marcelo Teixeira NEW YORK (Reuters) – The global coffee market is going through a transformation trend that will involve higher quality and pricier coffees, but not higher overall traded volumes, as…
Analysis-Global metals volumes slide on recession fears, volatile markets
By Eric Onstad and Mai Nguyen LONDON/HANOI (Reuters) – Industrial metal trading volumes have fallen across the world and may slide further as economic threats from higher interest rates to the war…
Bitcoin-sterling volumes spike to record high as British currency flounders
By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko…
CME says aluminium futures average daily volumes have surged in Q3
(Reuters) – Futures exchange operator CME Group Inc on Friday said average daily volumes in aluminium futures have surged 359% in the third quarter to date from the first quarter, hitting a…
U.S. Labor Day weekend travel volumes seen rebounding to pre-pandemic levels
By Doyinsola Oladipo NEW YORK (Reuters) – The number of people traveling for the U.S. Labor Day holiday weekend is expected to rebound to pre-pandemic levels and possibly set new records in…
Union Pacific says third-quarter volumes up as staffing improves, congestion eases
(Reuters) – U.S. railroad operator Union Pacific Corp’s Chief Financial Officer Jennifer Hamann said on Tuesday the company’s third-quarter volumes were up 2% so far from a year earlier, on improved staffing…
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