Sri Lanka’s economy to shrink by 2% in 2023 – central bank
((This story has been corrected to add the word ‘contraction’ in the IMF estimate and change year to 2023, not…
Business
DTE Energy beats profit estimates on lower costs, non-utility gains
(Reuters) – U.S. electric and gas utility firm DTE Energy Co beat estimates for first-quarter profit on Thursday, as lower…
Chinese EV giant BYD’s first-quarter profit jumps fivefold
BEIJING/SHANGHAI (Reuters) -Chinese electric vehicle giant BYD Co. posted a fivefold jump in its first-quarter profit on Thursday as the…
China brokerage CITIC posts 3.6% rise in Q1 profit
BEIJING/SHANGHAI (Reuters) – CITIC Securities Co, China’s biggest brokerage, reported a 3.6% rise in first-quarter profit on Thursday, thanks to…
Spain cuts 2024 budget deficit target to 3% of GDP
MADRID (Reuters) – The Spanish government intends to lower the budget deficit to the equivalent to 3% of gross domestic…
Spain’s BBVA Q1 net profit beats forecasts on Mexico performance
By Jesús Aguado MADRID (Reuters) -Spanish banking group BBVA reported a 39% rise in first-quarter net profit on Thursday, beating…
Textron’s profit rises on stronger pricing of business jets
(Reuters) – Textron Inc beat estimates for first-quarter profit on Thursday, as higher sales of pricier business jets in Aviation…
Eli Lilly raises annual profit forecast on strength of diabetes drug
(Reuters) -Eli Lilly and Co on Thursday raised its annual revenue and profit forecasts after topping first-quarter sales estimates on…
Merck beats first-quarter expectations on Keytruda, Gardasil strength
(Reuters) -Drugmaker Merck & Co Inc on Thursday posted better-than-expected results for the first quarter on the strength of its…
Canada oil sands leak heightens First Nations’ calls to clean up tailings
By Nia Williams (Reuters) – In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta…