By Chiara Elisei LONDON (Reuters) – Corporates’ access to capital deteriorated after turmoil in the banks sector in March while cash flow and earnings are under increasing pressure from potential recession, asset manager Janus Henderson Investors said in a report on Tuesday. Indicators such as debt loads, access to capital markets, cash flow and earnings…
SAO PAULO (Reuters) – Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from a year earlier but still above analysts’ forecasts of 1.83 billion in a Refinitiv poll. The Brazilian unit of Spain’s Banco Santander SA has been trying to be more selective…
LONDON (Reuters) -British factory orders and output contracted as stocks of finished goods piled higher, according to a survey on Tuesday that underlined the recent weak performance of the manufacturing sector but also pointed to easing inflation pressures ahead. The Confederation of British Industry’s (CBI) monthly gauge of industrial orders held at -20 in April,…
By Jonathan Stempel NEW YORK (Reuters) – Here are some facts about the civil lawsuit going to trial on Tuesday brought by former Elle magazine advice columnist E. Jean Carroll against former U.S. President Donald Trump, whom she accuses of rape. TRUMP ACCUSED OF RAPE Carroll has accused Trump of having sexually assaulted her in…
By Kristina Cooke, Mica Rosenberg and Joshua Schneyer (Reuters) – U.S. Democratic Senator Cory Booker will introduce legislation Tuesday that aims to deter child labor at meatpacking plants by barring some offending companies from important government contracts, the latest response to a rise in underage labor in dangerous U.S. industries. The bill Booker’s office shared…
A look at the day ahead in U.S. and global markets from Mike Dolan Bombarded by incoming corporate earnings updates and increasingly wary of tense geopolitics, world markets appear to have turned sour again on financial stocks as the full extent of March bank stress unfolds. Shares in First Republic Bank, one of the most…
By Katherine Masters and Mimosa Spencer NEW YORK (Reuters) -The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts. Real estate experts say the flow of cash…
FRANKFURT/LONDON/TOKYO (Reuters) -The world’s top central banks are cutting the frequency of their dollar liquidity operations with the U.S. Federal Reserve from May, sending the clearest signal yet that last month’s financial market volatility is essentially over. The Fed started offering dollars in daily tenders from late March after the failure of Silicon Valley Bank…
BEIJING (Reuters) – China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in a landmark move that will boost transparency in ownership. In 2014, China issued rules requiring real estate owners to register their holdings with authorities but faced heavy resistance from local…
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings outlook following cost cuts, a breast cancer drug trial success and progress in boosting output of a radiotherapy drug against prostate cancer. The Swiss drugmaker said in a statement that excluding Sandoz, a generic drug division to be spun off in the second…
