(Reuters) – Canada’s main stock index opened higher on Tuesday as signs of a positive quarterly earnings season lifted investor sentiment, while a slide in crude prices kept most gains in check. At 09:37 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 0.1% at 21,257.51 points. (Reporting by Anisha Sircar in Bengaluru;…
MILAN (Reuters) – Stellantis on Tuesday unveiled its new Alfa Romeo Tonale compact sport utility vehicle (SUV) as it aims to expand in the premium market and add electrified and interconnected vehicles to its range. The world’s fourth largest carmaker plans to spend over 30 billion euros ($34.2 billion) through 2025 to electrify its vehicle…
NEW YORK (Reuters) -Thomson Reuters Corp missed fourth-quarter earnings forecasts on Tuesday as the news and data provider stepped up investments it said would help deliver stronger-than-expected revenue growth this year and next. The parent company of Reuters News reported adjusted earnings fell to 43 cents per share from 54 cents a year earlier. That…
MADRID (AP) — A Spanish retiree campaigning to keep in-person customer services at banks because he felt “left out” by the shift to online banking is handing government officials a petition with more than 610,000 signatures, amid a wave of national support for his cause. Carlos San Juan, 78, a retired doctor from Valencia in…
By Andres Gonzalez and Pamela Barbaglia MADRID (Reuters) – European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France’s third-biggest water firm at about 3 billion euros ($3.43 billion), people familiar with the matter told Reuters. EQT has hired Rothschild…
BRUSSELS (AP) — A new day of high-level, high-stakes diplomacy beckons with European leaders striving to reinvigorate stalled peace talks between Russia and Ukraine, as Moscow and NATO allies put on a show of resolve by continuing to mobilize their forces. Here’s a look at what is happening where and why: AFTER MOSCOW, ALL EYES…
By Saikat Chatterjee LONDON (Reuters) – The euro weakened on Tuesday after European Central Bank President Christine Lagarde tried to rein in interest rate hike expectations that lifted the currency to a three week-high last week. The ECB’s hawkish twist last week took markets by surprise and sent yields on peripheral euro zone debt surging…
Peloton is replacing its CEO, cutting jobs and reining in ambitious expansion plans after badly misjudging the staying power of the exercise-at-home trend that propelled its sales early in the pandemic. John Foley first pitched the idea for Peloton in 2011, hoping to disrupt the industry. He will give up the CEO position and become…
BRUSSELS (AP) — The European Union announced a $48 billion plan Tuesday to become a major semiconductor producer, seeking to curb its dependency on Asian markets for the component that powers everything from cars to hospital ventilators and game consoles. At a time when natural gas shortages and Europe’s reliance on Russia for energy shows…
COVID-19 vaccine sales boosted Pfizer earnings well past fourth-quarter expectations, but the drugmaker has set a lower-than-expected bar for 2022. Pfizer debuted on Tuesday annual forecasts for both earnings and revenue that fell short of analyst expectations even as the drugmaker expects another robust year of sales from its vaccine, Comirnaty, and its new coronavirus…
