By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) did not hike interest rates earlier this month because it wanted to see more evidence of the effects of previous monetary tightening on growth and inflation, according to minutes from the policy-setting meeting released on Wednesday. On April 12, the central bank…
By Niket Nishant (Reuters) – First Republic Bank’s market value plunged below $1 billion for the first time ever on Wednesday after a report said the U.S. government was unwilling to intervene in the rescue process, hammering the lender’s stock. After a brutal selloff, the bank’s market capitalization was about $886 million at its lowest…
(Reuters) – “Call of Duty” maker Activision Blizzard beat quarterly bookings estimates on Wednesday, as it reported results a day earlier to allay concerns about its business after Britain blocked its $69 billion buyout by Microsoft Corp . Shares of the company were trading 10% lower, showing little reaction to the earnings report. Activision said…
(Reuters) – Videogame publisher Activision Blizzard on Wednesday reported first-quarter bookings of $1.86 billion, compared with analysts’ average estimate of $1.79 billion, according to Refinitiv. Earlier in the day, Britain said it would block Microsoft’s $69 billion acquisition of the “Call of Duty” maker over its concerns it would hinder competition in cloud gaming, dealing…
(Reuters) – Copper miner Teck Resources on Wednesday said it has withdrawn its proposed restructuring plan ahead of a shareholder vote on the proposal amid Swiss mining giant Glencore Plc’s attempts to buy the company. Here is the snapshot of key events in the saga so far. Date Development March Glencore privately offers to merge…
By Junko Fujita and Tom Westbrook TOKYO (Reuters) – Investors have dialled down wagers on a policy shift at the Bank of Japan this week, which has opened a window of calm that ironically affords governor Kazuo Ueda a chance to move quickly. For months investors have been doubting policymakers’ assurances that the BOJ isn’t…
(Reuters) -Humana Inc raised its annual adjusted profit forecast on Wednesday after lower medical costs in the firm’s government-backed health insurance business helped it beat profit estimates in the first quarter. The company’s rosy outlook contrasts uncertainty around 2024 earnings for health insurers staring at the end of COVID-related insurance protection measures and potentially lower…
BEIJING (Reuters) – Ping An Insurance (Group) Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday. Profit rose to 38.4 billion yuan ($5.55 billion) for the January-March quarter, it said in a filing. “The domestic economy continued to…
By Natalie Grover and Maggie Fick LONDON (Reuters) -GSK began 2023 with a quarterly performance that beat analyst expectations and extended a series of positive results following strong sales of its roster of vaccines as well as HIV and respiratory medicines. It reaffirmed its guidance for 2023, saying it expected adjusted operating profit growth to…
WARSAW (Reuters) – Microsoft will build a data centre in Poland, the company’s President for Europe, the Middle east and Africa (EMEA) said on Wednesday at the European Economic Congress in the southern city of Katowice. (Reporting by Alan Charlish, Pawel Florkiewicz)
