(Reuters) – Russia’s annual inflation crept back above the central bank’s 4% target in the week to July 24 for the first time since late March, the economy ministry said on Wednesday. The Bank of Russia raised the cost of borrowing for the first time in more than a year last week, hiking to 8.5%…
(Reuters) – Weapons maker Lockheed Martin has been awarded a contract by a U.S. Department of Defense agency to develop a nuclear-powered spacecraft for the purposes of exploration and national defense, the company said on Wednesday. This comes at a time when U.S.-based space companies, along with Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX,…
By Jaiveer Shekhawat and Laura Matthews (Reuters) -CME Group Inc reported a rise in second-quarter profit on Wednesday, as traders turned to the world’s largest derivatives exchange to hedge against market volatility triggered by recession fears. Demand for CME’s risk-hedging investment products held steady as investors navigated a market riddled with worries of a looming…
By Samrhitha A (Reuters) -AT&T expanded its cost-cutting plan by $2 billion on Wednesday after topping estimates for quarterly free cash flow and reiterated it was conducting its own assessment of the lead-cable sites. The telecom industry came under pressure this month after the Wall Street Journal reported that AT&T and Verizon were among U.S….
By Doyinsola Oladipo and Priyamvada C (Reuters) – Hilton Worldwide Holdings beat Wall Street estimates for second-quarter revenue on Wednesday and lifted its annual outlook again, as record lodging prices and rebounding group, corporate and summer travel demand boosted results. Hotel operators like Hilton are beginning to see strong performance from a rebound in international…
PARIS (Reuters) -Shares in LVMH fell on Wednesday as an in-line increase in sales at the world’s top luxury indicated the overall sector was moving towards a less impressive path of growth. Despite a “solid” growth rate, the report “will likely trigger further questions…on whether we are now at the end of the positive earnings…
(Reuters) – Canada’s financial regulator on Wednesday proposed changes to its capital and liquidity approach to crypto-assets, citing a risky environment and in response to international banking standards. The Office of the Superintendent of Financial Institutions (OSFI)said guidelines were for federally regulated deposit-taking institutions, that includes banks and credit unions, and another for insurers, on…
MEXICO CITY (Reuters) – Mexico and the United States are working on a plan to process migrants in southern Mexico, encompassing Cubans, Haitians, Nicaraguans and Venezuelans, Mexico’s incoming foreign minister Alicia Barcena said on Wednesday. Barcena did not detail the plan, but said it would complement existing options for migrants to enter the U.S. –…
(Reuters) – Moderna said on Wednesday it has begun enrolling patients in a late-stage study evaluating its and partner Merck’s personalised mRNA-based skin cancer vaccine in combination with the drugmaker’s blockbuster therapy Keytruda. Data from a mid-stage study had shown that the combination cut the risk of recurrence or death of melanoma, the most deadly…
By Pablo Mayo Cerqueiro and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) – Hopes have mounted for a revival in stock listings in Germany despite signs of faltering economic growth, as at least four initial public offerings (IPOs) have been pencilled in for later this year, four people familiar with matter said. The IPO market has been slow…
