BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, expanded its profit by slightly more than expected in the fourth-quarter despite selling less beer, notably in North America and Asia. Globally, the maker of Budweiser, Corona and Stella Artois said on Thursday that its drinks volumes fell by 0.6% in the final quarter of 2022,…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian markets had thought to bask in the glow from Wednesday’s radiant PMI data from China, and the region in general. Taiwan, Thailand and Vietnam all enjoyed a pick-up in activity, while JPMorgan’s global manufacturing PMI rose nearly 2…
By Tom Westbrook SINGAPORE (Reuters) – The dollar caught its breath in Asia on Thursday, steadying as U.S. yields went up while investors waited on European inflation data, after nasty surprises in Germany, France and Spain have given a boost to the euro this week. The dollar lost 0.9% on the euro on Wednesday, its…
(Reuters) -Cryptocurrency-focused lender Silvergate Capital warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern on Wednesday, sending its shares down by more than a quarter in after-hours trading. Silvergate reported a $1 billion loss for the fourth quarter as investors raced to withdraw deposits…
By Emily Chow bsSINGAPORE (Reuters) – Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world’s top oil importer, which offset worries about a rise in U.S. crude inventories. Brent crude futures rose 12 cents, or 0.1%,…
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Management Corp has nominated a slate of directors to the board of cloud-based software provider Salesforce Inc, a source familiar with the matter said on Wednesday. The source declined to name Elliott’s director candidates or say how many there were. Elliott said it has been in substantive dialogue…
By Hyunjoo Jin, Joseph White and Akash Sriram SAN FRANCISCO (Reuters) – Tesla Inc will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil a much-awaited small, affordable electric vehicle. Shares fell more than 5% in after hours trade following presentations…
By David Morgan WASHINGTON (Reuters) – A Republican bill to prevent pension fund managers from basing investment decisions on factors like climate change cleared Congress on Wednesday, setting up a confrontation with President Joe Biden, who is expected to veto the measure. The U.S. Senate voted 50-46 to adopt a resolution to overturn a Labor…
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group Inc is embarking on a tough sales pitch to investors for assets in its troubled consumer business, which has dragged on earnings and may lack appeal for potential buyers. In an unexpected move, Chief Executive Officer David Solomon said on Tuesday the bank is looking at…
By Joe Skipper and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – Elon Musk’s rocket company SpaceX was ready to try again at sending NASA’s next long-duration crew of the International Space Station to orbit on Thursday, about 72 hours after a first attempt was scrubbed due to a clogged filter in the launch system. Two…
