Cummins raises full-year revenue outlook on strong demand for parts
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of…
Business
Global companies by market cap: Tesla fell most in April
(Reuters) – Tesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly…
Soft lending and inflation data pave way for smaller ECB hike
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -Euro zone banks are turning off the credit taps and a key…
Restaurant Brands beats quarterly estimates on higher pricing, traffic
(Reuters) -Restaurant Brands International Inc beat Wall Street estimates for first-quarter revenue and profit on Tuesday, boosted by higher prices…
UK retailers report record food inflation but see falls ahead
By David Milliken LONDON (Reuters) -Food prices in Britain rose by a record amount over the past 12 months but…
Emirates boss forecasts resilient demand, no hit from new airlines
By Yousef Saba and Lisa Barrington DUBAI (Reuters) – Emirates Airline President Tim Clark said on Tuesday that new Saudi…
Glencore in hot pursuit of Teck as it seeks copper assets
(Reuters) – Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid…
Hedge funds bet consumers will rein in U.S. spending – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds’ bearish positions reached year highs in April, largely aimed at companies…
Tinder owner Match Group swipes left on Russia, pledging exit by June 30
By Alexander Marrow (Reuters) – Tinder owner Match Group has said it will quit Russia by June 30, citing the…
JPMorgan’s takeover of First Republic fuels M&A expectations
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Few investors and bankers could have imagined regulators would allow the…