(Reuters) – French tyre maker Michelin on Tuesday confirmed its full-year outlook despite a “highly uncertain environment” after better than expected quarterly sales. The group, which makes tyres used in cars, aircraft, bicycles and industrial equipment, reiterated its full-year forecast of segment operating income above 3.2 billion euros($3.4 billion) at constant exchange rates and a…
By David Shepardson WASHINGTON (Reuters) – Texas Republican Senator Ted Cruz backed the families of passengers killed in two fatal Boeing 737 MAX crashes and sharply criticizing the Justice Department’s deferred prosecution agreement with Boeing. The $2.5 billion Boeing deferred prosecution agreement, a type of corporate plea agreement, was reached in January 2021 near the…
Markets are under pressure as we prepare for the busiest week of earnings. Over the next five sessions, 167 companies from the S&P report Q1 results. This includes four of the five companies that are in the ultra-exclusive “Trillian Dollar Club”. Alphabet (GOOG) and Microsoft (MSFT) report earnings Tuesday after the market closes. Amazon (AMZN)…
By Tim Hepher LONDON (Reuters) -A British judge on Tuesday denied a bid by Qatar Airways to reinstate a jet contract cancelled by Europe’s Airbus in the latest twist to a dramatic feud playing out in UK courts. The companies have been locked in a safety dispute for months on Europe’s A350 long-haul jet. Their…
WASHINGTON (AP) — U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud their optimism about the rest of the year. The Conference Board said Tuesday that its consumer confidence index — which takes into account consumers’ assessment of current conditions and their outlook for the future — edged…
By Rowena Edwards LONDON – Oil prices rebounded in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand. Brent crude futures were up $1.26 cents, or 1.2%, at $103.58 a barrel by 1355 GMT. U.S. West Texas Intermediate contracts were up $1.14 cents, or 1.2%, at $99.68. Brent and…
By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Tuesday urged the central bank to maintain its ultra-loose monetary policy, brushing aside the idea of using interest rate hikes to prevent further declines in the yen. Prospects of widening U.S.-Japan interest rate differentials have pushed the yen down to two-decade lows against the…
LJUBLJANA, Slovenia (AP) — The winner of last weekend’s parliamentary election in Slovenia said Tuesday he hopes to have a new government formed by mid-June. Robert Golob, the leader of the Freedom Movement party, spoke after meeting with President Borut Pahor. The meeting was Golob’s first public appearance since he had tested positive for COVID-19…
By Bansari Mayur Kamdar and Devik Jain (Reuters) -U.S. stock indexes were set to open lower on Tuesday as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about high inflation and slowing global growth. Market-leading growth stocks have been hammered this year as investors…
By Nilanjana Basu and Mike Stone -Aerospace and defense firm Raytheon Technologies Corp lowered its full-year revenue forecast on Tuesday, blaming the loss of sales to Russia due to Western sanctions imposed over the war in Ukraine. Shares in the U.S. company fell 2% in pre-market trading to $97.53. As a large number of U.S….
