Canada’s BMO, Scotiabank Miss Profit Estimates On Higher Provisions, Weakness At Home
(Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday reported smaller-than-expected profit for the second quarter, due…
Headlines
China’s Lenovo Quarterly Revenue Hit By PC Demand Slump
By Josh Ye HONG KONG (Reuters) -Lenovo’s fourth quarter revenue fell 24% and it cut 8% to 9% of its…
Australia Refers PwC Tax Document Leak Scandal To Police
By Lewis Jackson SYDNEY (Reuters) – The Australian Treasury has referred a confidential document leak scandal involving professional services firm…
UK Inflation Falls By Less Than Expected, Core Inflation Jumps
By Andy Bruce LONDON (Reuters) -Britain’s high inflation rate fell by less than expected in April and a closely watched…
HSBC, Citi, Deutsche Bank, Morgan Stanley And RBC Traders May Have Broken Competition Law, Watchdog Finds
By Sinead Cruise LONDON (Reuters) -Britain’s Competition and Markets Authority said on Wednesday it had provisionally found five major global…
Abbott, Other Formula Makers Face FTC Investigation For Collusion – WSJ
(Reuters) -The U.S. Federal Trade Commission is investigating whether baby-formula makers colluded on bids for attractive state contracts, the Wall…
China’s Lenovo Revenue Falls For Third Consecutive Quarter As PC Demand Slumps
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd on Wednesday reported a 24% fall in revenue for…
Oil Prices Rise $1 On Concerns Over Tightening Supply
By Stephanie Kelly and Emily Chow (Reuters) -Oil prices gained over $1 on Wednesday after U.S. inventories and fuel supplies…
RBNZ Raises Cash Rate By 25 Bps To 5.5%, Now At Forecast Peak
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank on Wednesday raised interest rates by 25 basis points to the…
New York Times Union Reaches Tentative Deal With The Newspaper
(Reuters) – The New York Times Guild said on Tuesday that it has tentatively struck a new contract agreement with…