(Reuters) – Huntington Bancshares Inc on Thursday reported a first-quarter profit that narrowly beat analysts’ estimates, as a boost from higher interest rates offset a hit from bigger provisions. A surge in banks’ net interest income (NII), helped by the Federal Reserve’s aggressive rate hikes to curb decades-high inflation, is helping the lenders navigate a…
By Kylie Madry MEXICO CITY (Reuters) – Mexico’s state-run lithium company is examining a geothermal extraction method of the white metal, its Chief Executive Pablo Taddei said in a panel Wednesday, looking to complement the primary method of extracting the metal from clay-based deposits. “We’re also exploring – and I think really great synergies are…
By Pavel Polityuk KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy told visiting NATO chief Jens Stoltenberg on Thursday it was time for the military alliance to offer his country membership and that Kyiv needed more weapons to fight Russia. Zelenskiy made his comments at a joint news conference after talks with Stoltenberg, who offered NATO’s solidarity…
SAO PAULO (Reuters) – Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil’s earnings season by beating market consensus for its first quarter net profit. Usinas Siderurgicas de Minas Gerais SA, as the company is formally known, said in a…
(Reuters) -Shares of AT&T Inc fell 4% in premarket trade on Thursday as the wireless carrier missed Wall Street estimates for first-quarter revenue, signaling intense competition from rivals Verizon Communications Inc and T-Mobile US Inc. Much like other sectors, telecoms are facing the pinch of consumers reluctant to spend more for 5G adoption and broadband…
(Reuters) -Auto retailer AutoNation Inc on Thursday missed Wall Street estimates for first-quarter revenue as higher new vehicle and after-sales demand was offset by weakness in used vehicle and customer financial service businesses. The company benefited over the past few years from people investing in new vehicles and maintenance-related services, but lost some of that…
By Kirstin Ridley LONDON (Reuters) -More than 300,000 investors in the failed equity income fund run by one-time star stock picker Neil Woodford have been offered potential redress of up 235 million pounds ($292 million) after a four-year British investigation. The Financial Conduct Authority (FCA) said investors should consider the proposal by Link Fund Solutions…
By Kirstin Ridley LONDON (Reuters) -More than 300,000 investors in the failed equity income fund run by one-time star stock picker Neil Woodford have been offered potential redress of up 235 million pounds ($292 million) after a four-year British investigation. The Financial Conduct Authority (FCA) said investors should consider the proposal by Link Fund Solutions…
SEOUL (Reuters) – South Korean singer Moonbin, a member of K-pop boy band Astro, has died at the age of 25, his music label Fantagio said on Thursday. “Members of Astro and fellow artists and staff at Fantagio are deeply saddened and shocked as we mourn him,” the label said in a statement. Mooonbin was…
NAIROBI (Reuters) – A Kenyan judge ruled on Thursday that Facebook’s parent company Meta could be sued in Kenya, after 43 moderators at its Nairobi hub last month filed a lawsuit against the group and its local partner Sama for unfair termination. In response, Judge Matthews Nduma issued an interim injunction against Meta and Sama…
