By Tiyashi Datta and Pratyush Thakur (Reuters) -Better cost controls helped Dell Technologies Inc beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The results contrasted rivals HP Inc and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue…
(Reuters) – The U.S. Food and Drug Administration (FDA) warned about the safety risks of using compounded or custom-made versions of popular weight-loss drugs such as Wegovy and diabetes drug Ozempic. The health regulator on Wednesday said it had received reports of adverse events after patients used compounded versions of semaglutide, the active ingredient in…
By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) -As foreigners pile into Japan’s steepest stock market rally in years, local investors have been furiously cashing out or even betting against what many see as the beginning of a long-overdue era of profitability and returns. The Nikkei share average’s closed out its best month in 2-1/2…
By Will Dunham WASHINGTON (Reuters) – The most comprehensive genomic study ever on primates – a group whose membership includes lemurs, monkeys, apes and people – has revealed pivotal genetic traits that are uniquely human while refining the timeline for our evolutionary lineage’s split from our closest cousins, the chimpanzees and bonobos. Researchers said on…
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law – and Wall Street is watching. With a week left in this year’s…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking for a positive end to the week on Friday following a solid rally on Wall Street the day before, as the U.S. debt ceiling vote passed its first congressional hurdle and hopes rose that…
By Kylie Madry MEXICO CITY (Reuters) – Latin American property technology startup Tuhabi is set to receive a $50 million credit line from the Inter-American Development Bank’s (IDB) financing arm, which it will use to ramp up operations in Mexico, the company said Thursday. The funds for the so-called unicorn, a startup with a valuation…
By Dietrich Knauth NEW YORK (Reuters) – Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to restructure its debt outside of bankruptcy. Incora entered bankruptcy with $3.14 billion in debt, according to its court filings in Houston bankruptcy court. Incora CEO David…
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25% this quarter, the bank’s president said on Thursday. “The macro backdrop is extraordinarily challenging,” Goldman’s president and chief operating officer, John Waldron, told…
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – In a sign of confidence that the worst of Sri Lanka’s financial crisis is over, its central bank surprised markets by cutting interest rates for the first time in three years on Thursday, signalling a change of course to fuel a rebound in the economy. The…
