ABU DHABI (Reuters) – The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in…
Factbox-Chipmakers cut spending as demand boom makes way for downturn
(Reuters) – The global chip industry is bracing for a downturn by reining in on investments for the year, in…
CVS forecasts higher profit for 2023
(Reuters) – CVS Health Corp on Wednesday forecast its adjusted profit to be in the range of $8.70 to $8.90…
S&P cuts Credit Suisse Group rating to one step above junk status
ZURICH (Reuters) – S&P Global Ratings has downgraded Credit Suisse Group’s long-term credit rating to one step above junk bond…
IMF backs Latam progressive taxes, fiscal discipline
By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund will continue to be supportive of progressive tax reforms…
Logistics startup Flexport plans hiring spree, to double engineers in 2023
By Krystal Hu (Reuters) – Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers…
Estee Lauder cuts forecasts on China curbs, tightening inventories
(Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the crucial holiday season, blaming lockdowns in…
Sodexo sees demand for catering and vouchers lifting margins
By Diana Mandia (Reuters) -Sodexo expects its operating profit margin to rise to over 6% in 2025 as more companies…
Tesla closes its first showroom in China in retail strategy shift – sources
SHANGHAI/BEIJING (Reuters) -Electric vehicle giant Tesla has closed what had been its flagship showroom in China, a move sources described…
Yum Brands beats sales estimates as customers flock to KFC, Taco Bell
(Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as its value-oriented offerings at KFC…