(Reuters) – Levi Strauss & Co beat market estimates for quarterly revenue on Wednesday, as the denim maker benefited from strong demand for its jeans, tops and jackets with more people stepping out of their homes following widespread vaccinations. Net revenue rose to $1.69 billion in the fourth quarter ended Nov. 28 from $1.39 billion…
NEW YORK (Reuters) – The Federal Reserve on Wednesday signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings. The combined moves will complete a pivot away from the loose monetary policy that has defined…
By Herbert Lash NEW YORK (Reuters) – The dollar rose to a three-week on Wednesday after the Federal Reserve signaled that it is likely to raise U.S. interest rates in March as expected and later launch a significant reduction in its asset holdings. The combined moves will complete a pivot away from the loose U.S….
MILAN (Reuters) – Defence and aerospace group Leonardo said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported on Wednesday that Leonardo was considering options for its Global Enterprise Solutions business, including a sale. It could be worth up to $400 million,…
By Sabrina Valle HOUSTON (Reuters) – Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron’s fourth-quarter financial results Friday. Shares of most major producers rose after oil touched $90 a barrel for the first time in seven years…
By Michael Shields ZURICH (Reuters) – Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 billion. The acquisition of Wealthfront, which has more than 470,000 clients in the United States…
By David Gaffen NEW YORK (Reuters) – Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions between Russia and Ukraine that added to concerns about further disruption in an already-tight market. Brent crude rose $2.15, or 2.4%, to $90.35 by 12:55 p.m….
FRANKFURT (Reuters) -Deutsche Bank said on Wednesday it will undertake a 300 million euro ($338.52 million) share buyback and pay a dividend for 2021. The share buyback will be completed in the first half of this year. The dividend has been set at 0.20 euro per share. Germany’s largest lender last paid a dividend of…
By Devik Jain and Bansari Mayur Kamdar (Reuters) – Wall Street’s main indexes climbed on Wednesday after two turbulent sessions and ahead of the outcome of a Federal Reserve policy meeting, with a stellar outlook from Microsoft boosting technology stocks. The Fed policy decision is due at 2 p.m. ET (1900 GMT), with the U.S….
By Manojna Maddipatla (Reuters) -U.S. health insurer Anthem Inc on Wednesday issued a conservative annual profit forecast and warned that the highly contagious Omicron variant was likely to drive up treatment, vaccination and testing costs in the first quarter. Since the start of the pandemic, profits of health insurers have come under pressure as huge…
