By Giulio Piovaccari MILAN (Reuters) – A procession of new models will continue to boost earnings at Ferrari, the Italian…
Apple set to post rare revenue drop as focus shifts to demand rebound
By Nivedita Balu and Akash Sriram (Reuters) – Apple Inc is expected to report its first decline in quarterly revenue…
Price cap on Russian refined fuels set to disrupt trade
By Swati Verma and Noah Browning (Reuters) – The European Union’s ban on imports of Russian refined oil products, including…
Merck sees sharp decline in COVID sales for 2023 after strong fourth quarter
By Michael Erman (Reuters) – Merck & Co on Thursday forecast 2023 earnings below Wall Street estimates along with an…
Adani’s adversity raises the stakes for India and investors
By Tom Westbrook and Vidya Ranganathan SINGAPORE (Reuters) – As Indian tycoon Gautam Adani’s woes deepen and force him to…
Denmark’s central bank raises key rate to 2.1%
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 35 basis points to 2.1% on Thursday, following…
U.S. weekly jobless claims drop to nine-month low; productivity gains speed
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month…
Czech central bank signals rates to stay elevated, welcomes strong crown
By Robert Muller and Jan Lopatka PRAGUE (Reuters) – The Czech National Bank (CNB) left interest rates unchanged at a…
Biden will pick new economic team after State of the Union -officials
By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is still weighing candidates for new top…
Bristol Myers’ profit beats on better-than-feared Revlimid sales
By Michael Erman (Reuters) -Bristol Myers Squibb Co on Thursday reported quarterly earnings that beat analysts’ estimates due to a…