By Jesús Aguado MADRID (Reuters) -Spanish banking group BBVA reported a 39% rise in first-quarter net profit on Thursday, beating forecasts on the back of a solid performance in Mexico, its main market, and keeping a lid on deposits costs. BBVA’s profit of 1.85 billion euros ($2.04 billion) for the January to March period was…
(Reuters) – AbbVie Inc on Thursday raised its 2023 profit forecast on a less-than-feared hit to U.S. sales of arthritis drug Humira from rival biosimilar drugs. The company now expects 2023 adjusted earnings to be between $10.72 and $11.12 per share, from between $10.62 and $11.02 it provided earlier this month. Analysts on average have…
(Reuters) – Textron Inc beat estimates for first-quarter profit on Thursday, as higher sales of pricier business jets in Aviation segment helped offset the lower military helicopter revenues in Bell unit. Shares of the Cessna business jet maker rose ~1% in premarket trading. A stronger-than-expected demand for air travel has forced airlines to keep older…
(Reuters) -Eli Lilly and Co on Thursday raised its annual revenue and profit forecasts after topping first-quarter sales estimates on demand for its closely watched diabetes drug Mounjaro, ahead of a decision on its use as a treatment for obesity. The company separately said it planned to complete rolling submission to the U.S. Food and…
MOSCOW (Reuters) – Russia does not intend to take the path of nuclear escalation in its standoff with the West over Ukraine but others should not test its patience, Russian foreign ministry spokeswoman Maria Zakharova said on Thursday. Her comments follow a flurry of warnings by senior Russian officials, including President Vladimir Putin, that Western…
(Reuters) -Drugmaker Merck & Co Inc on Thursday posted better-than-expected results for the first quarter on the strength of its blockbuster cancer immunotherapy Keytruda and human papillomavirus (HPV) vaccine Gardasil. Shares of the company rose 1.8% to $114.98 in premarket trading after the drugmaker raised its full-year forecasts for sales and earnings, citing strong global…
By Nia Williams (Reuters) – In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic wastewater had been leaking for months from a tailings pond at Imperial Oil’s Kearl oil sands mine. Many in the community hunt and…
By David Alire Garcia MEXICO CITY (Reuters) – Chilean President Gabriel Boric’s pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America’s ascendant left but which has proven tough to implement in practice. While the former student protest leader’s proposal to…
By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s three most recent presidents have bowed out of the October general election campaign, throwing the race wide open and the outcome in the balance, with the only sure candidate a far-right libertarian who wants to dismantle the central bank. Political uncertainty has roiled Argentina’s already creaky financial…
BRUSSELS (Reuters) – Euro zone economic sentiment was broadly unchanged overall in April, as a pick-up among consumers and retail and services sectors offset a more gloomy view among manufacturers, while price expectations continued to fall. The European Commission’s monthly survey showed on Thursday that economic sentiment in the 20 countries sharing the euro rose…
