By Scott DiSavino NEW YORK (Reuters) – Oil prices rose about 2% on Thursday on expectations that global demand will…
BetMGM expects to become profitable in second half of 2023
By Radhika Anilkumar (Reuters) – U.S. sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after…
China’s luxury shoppers free to travel, but many buy locally
By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in…
Earnings optimism helps European shares snap two-day dip
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares rose on Thursday as upbeat results eased some worries about…
Tanqueray gin maker Diageo’s U.S. sales lose fizz, shares slide
By Richa Naidu LONDON (Reuters) – Diageo, the world’s largest spirits maker, signalled on Thursday that robust demand for its…
Sabadell sees 2023 strong lending growth after quarterly profit beat
By Jesús Aguado MADRID (Reuters) – Spain’s Sabadell bank handily beat market expectations with its fourth-quarter net profit, helped by…
UK retail sales volumes slide at fastest rate since April – CBI
LONDON (Reuters) – British retail sales volumes slid over the last month at the fastest rate since April last year,…
Marketmind: Parsing the peak, sidestepping a slump
A look at the day ahead in U.S. and global markets from Mike Dolan. There’s no shortage of economic gloom…
EY Germany to make structural changes in cost-reduction push
(Reuters) – The German unit of EY, formerly known as Ernst & Young, has decided to make structural changes with…
STMicroelectronics lifts fourth quarter sales
By Martin Coulter LONDON (Reuters) – European chipmaker STMicroelectronics on Thursday reported fourth-quarter sales ahead of market expectations, despite challenging…