Ternium forecasts lower third-quarter earnings as steel prices drop
MEXICO CITY (Reuters) -Steel producer Ternium reported a 21.4% decrease in second-quarter net profit on Tuesday, as shipments remained flat…
August 1, 2023
Marketmind: US macro ‘pain trade’ bites
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Lumen Technologies shares slide after posting loss of nearly $9 billion
(Reuters) – Lumen Technologies reported a massive quarterly net loss of $8.74 billion on Tuesday, hurt by an impairment charge…
US Fed officials see pathway to soft landing
By Ann Saphir (Reuters) -U.S. central bankers, less than a week after raising interest rates for an 11th time since…
VF Corp cuts annual revenue forecast on cooling North America demand
VF Corp cut its annual revenue forecast on Tuesday, signaling a slowdown in demand for its apparel and sneakers from…
Brazil faces setbacks on push to erase budget deficit
By Bernardo Caram and Marcela Ayres BRASILIA (Reuters) – Delays and disappointments on revenue-boosting measures have made it harder for…
Trump says he hears his indictment will be announced at 5 p.m
WASHINGTON (Reuters) – Former U.S. President Donald Trump said on Tuesday that he had heard that Special Counsel Jack Smith…
Insurer Prudential Financial’s profit rises on strong gains in U.S. unit
(Reuters) – Prudential Financial on Tuesday reported a 21.5% rise in second-quarter adjusted profit as the insurer’s U.S. unit benefited…
Mercosur meets on counterproposal for trade talks with EU
By Lisandra Paraguassu and Anthony Boadle BRASILIA (Reuters) -South American trade bloc Mercosur officials met on Tuesday to agree on…
Chesapeake Energy profit slides on lower natural gas prices
(Reuters) -Chesapeake Energy on Tuesday posted a fall in second-quarter profit due to lower natural gas prices and production. The…