By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that officials have not yet made a call on the size of the rate increase they are almost certain to deliver at their upcoming policy meeting. “We have not made any decision about the March meeting, we are not going…
By Deborah Mary Sophia (Reuters) -Campbell Soup Co raised its annual sales forecast after topping Wall Street estimates for quarterly results on Wednesday, as inflation-weary Americans turn to its condensed soups, ready-to-serve meals and snacks to stock their pantries. The company’s shares rose about 2% in early trading after it also lifted the lower end…
OTTAWA (Reuters) – Canada recorded a surprise trade surplus of C$1.9 billion ($1.38 billion) in January, driven by broad-based gains in exports, while imports posted a smaller increase led by motor vehicles and parts, Statistics Canada said on Wednesday. Analysts had forecast a trade deficit of C$60 million in January. Statscan also revised December’s trade…
By Alexander Hübner and Helen Reid HERZOGENAURACH, Germany/London (Reuters) – Adidas will slash its 2022 dividend, the sporstwear maker said on Wednesday, after warning a split with the artist formerly known as Kanye West could push it to its first annual loss in three decades this year. Chief Executive Bjorn Gulden, who will speak to…
By Alexander Hübner HERZOGENAURACH, Germany (Reuters) – Adidas will slash its 2022 dividend, the sporstwear maker said on Wednesday, warning a split with rapper and fashion designer Ye could push it to its first annual loss in three decades this year. Chief Executive Bjorn Gulden, who will speak to investors later in the day for…
(Corrects paragraph 5 to show the Fed raised rates by 25 bps in February and 50 bps in December) By Ankur Banerjee SINGAPORE (Reuters) – Asian shares were on track for their worst day in a month on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the U.S. central…
By Xie Yu, Selena Li and Carolina Mandl HONG KONG/NEW YORK (Reuters) – A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up, China will set up the new regulatory…
By Alexander Hübner BERLIN (Reuters) -Adidas will slash its 2022 dividend, it said Wednesday, warning a split with rapper and fashion designer Kanye West could push it to its first annual loss in three decades this year. The company will recommend a dividend of 0.70 euros ($0.7374) per share at a May 11 annual general…
SYDNEY (Reuters) – GQG Partners’ founder Rajiv Jain said on Wednesday the fund manager would likely expand its $1.9 billion investment in the Adani group. “Chances are we’ll probably buy more because we typically initiate a position and then dpending on how things go and how the earnings come through we tend to get it…
HONG KONG (Reuters) -Cathay Pacific Airways Ltd is ready to rebuild the airline and Hong Kong’s hub status as it emerges from the pandemic, the carrier’s chief executive said on Wednesday after it reported a 2022 loss at the low end of forecasts. Cathay shares rose as much as 1.4% to HK$7.95 after the results…
