U.S. Consumer Spending Falls In December; Inflation Increases
WASHINGTON (Reuters) – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid…
Reuters
China Says U.S. Should Stop ‘unreasonable Suppression’ Of Chinese Companies
HONG KONG (Reuters) – The United States should immediately stop “unreasonable suppression” of Chinese companies and treat them fairly, China’s…
Caterpillar Warns Of Margin Pressure As Production Costs Bite
(Reuters) -Caterpillar Inc warned on Friday its first-quarter operating margins could take a hit from higher production and labor costs,…
HP Wins Fraud Case Against UK Tech Tycoon Mike Lynch
By Paul Sandle and Kate Holton LONDON (Reuters) -Hewlett-Packard won the majority of its civil case against British tech tycoon…
Electrolux Profit Falls As Supply-chain Headwinds Linger
By Helena Soderpalm STOCKHOLM (Reuters) -Electrolux said on Friday global supply chain issues would persist after posting a drop in…
Italy’s UniCredit Beats Profit Forecasts And Drops Russian Deal
By Valentina Za MILAN (Reuters) -Italian bank UniCredit posted better than expected 2021 results on Friday as the push by…
Dollar Set For Biggest Weekly Rise In 7 Months On Rate Bets
By Saikat Chatterjee LONDON (Reuters) – The dollar consolidated gains on Friday and was on track for its biggest weekly…
LVMH Shares Rise After Luxury Giant’s Q4 Sales Growth Accelerated
PARIS (Reuters) – Shares in LVMH rose on Friday after the world’s largest luxury goods conglomerate reported an acceleration in…
Steelmaker POSCO’s 2021 Profit Jumps On Strong Demand
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean steelmaker POSCO’s operating profit more than tripled to a record…
Lighting Maker Signify’s Q4 Profit Up Despite High Raw Material Costs
AMSTERDAM (Reuters) – Signify NV, the world’s largest lighting maker, reported a 6% increase in fourth-quarter core earnings on Friday,…