PARIS (Reuters) – Carrefour said on Wednesday it was confident about its turnaround after Europe’s largest food retailer delivered record free cash flow of 1.23 billion euros ($1.40 billion) and a 7.7% rise in operating profit for 2021. On the back of these strong results Carrefour handed investors an 8% dividend hike to 0.52 euros…
By Luc Cohen and Jody Godoy NEW YORK (Reuters) -A former Goldman Sachs partner began testifying against his former colleague on Wednesday in a trial over the looting of hundreds of millions of dollars from Malaysia’s 1MDB sovereign wealth fund, one of the biggest scandals in Wall Street history. Prosecutors called Tim Leissner, the former…
By Deborah Mary Sophia and Mehr Bedi (Reuters) -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw materials and transportation, after posting quarterly earnings above market expectations. Shares of the Chicago-based company rose as much as about 6% in morning trading….
(Reuters) -SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. Earlier this month, SoftBank sought to list Arm after scrapping plans to sell the company to U.S….
By Helen Reid and Arunima Kumar (Reuters) – Barrick Gold Corp on Wednesday announced a share buyback of up to $1 billion as the gold miner’s fourth-quarter results beat analysts’ estimates thanks to a lower than expected tax quarter and strong production at its Nevada mines. Barrick’s U.S.-listed shares rose around 5% at the open….
By Susan Mathew and Devik Jain (Reuters) -U.S. stocks were set to open lower on Wednesday after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russian and Ukraine added to caution. Retail sales rose 3.8% in January, data showed, rebounding sharply from the previous month, led…
FRANKFURT, Germany (AP) — Europe is contemplating sanctions against Russia if it invades Ukraine — and the work is far from simple. Sanctions would seek to maximize the pain for the Kremlin, its key banks and energy companies but also avoid jeopardizing the continent’s Russian-dependent energy supplies or inflicting too much damage on European companies…
By Amruta Khandekar (Reuters) -Sage Therapeutics Inc said on Wednesday its drug along with an antidepressant helped improve depressive symptoms after three days in a late-stage study, paving way for the drug developer to submit data for U.S. approval this year. The company and partner Biogen Inc said the drug, zuranolone, met the study’s secondary…
NEW YORK (AP) — Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation. Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger increase than economists had…
By Mathieu Rosemain PARIS (Reuters) – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European competition in a field dominated by the United States and China. The technology and IT consulting firm presented on Wednesday a new generation of…
