(Corrects headline and the first three paragraphs to include correct consensus figures. The previously used Refinitiv consensus figures were for Q4, not Q3.) BERLIN (Reuters) -Business software maker SAP reported faster than expected revenue growth for the third quarter, though its profit declined due to lower contribution from software licenses revenue as well as investments…
(Reuters) – French industrial gases company Air Liquide reported on Tuesday slightly better-than-expected third quarter sales, helped by growth in all its segments amid growing energy costs. The supplier of gases such as oxygen, nitrogen and hydrogen to factories and hospitals, posted revenues of 8.25 billion euros ($8.15 billion) in the third quarter, higher than…
By Anshuman Daga and Lawrence White SINGAPORE (Reuters) -HSBC reported on Tuesday a 42% tumble in third-quarter pretax profits on the back of losses on the sale of its French unit and rising bad loans, but its interest income surged as banks benefit from rising rates around the world. The London-headquartered bank posted a pretax…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s Finance Minister Shunichi Suzuki said on Tuesday there was no policy contradiction between the finance ministry’s yen-buying to support the currency and the Bank of Japan printing money to sustain its ultra-loose monetary policy. “Monetary easing aimed at sustainable and stable price hikes including wage growth, and currency intervention…
(Reuters) -Logitech International reported a big drop in quarterly sales and profit on Tuesday, as the computer peripherals maker was hit by tough comparisons, a strong dollar and fragile consumer confidence as economies slow down around the world. The maker of keyboards, mice and headsets posted a 12% decline in sales at $1.15 billion in…
By Stephanie Kelly (Reuters) – Oil prices edged higher on Tuesday, reversing some of the previous session’s losses, as the U.S. dollar eased, while weaker U.S. business activity data lowered expectations for more aggressive interest rate hikes in the world’s biggest economy. International benchmark Brent crude futures gained 12 cents to $93.38 per barrel by…
By Jonathan Stempel, Sarah N. Lynch and Karen Freifeld NEW YORK (Reuters) -U.S. prosecutors said on Monday they have charged two Chinese nationals with trying to obstruct prosecution of a Chinese telecommunications company that a person familiar with the matter identified as Huawei Technologies Co Ltd . Prosecutors said the case is representative of a…
(Reuters) – U.S. President Joe Biden’s administration ratcheted up economic pressure on Nicaraguan President Daniel Ortega’s government on Monday through a series of steps targeting the country’s mining, gold and other sectors. Biden signed an executive order that includes the authority to ban U.S. companies from doing business in Nicaragua’s gold industry, while the U.S….
SAO PAULO (Reuters) – Brazilian pulpmaker Suzano SA said on Monday it reached a deal to buy Kimberly-Clark’s tissue paper operations in the country. In a securities filing, Suzano said the main asset included in the deal is a tissue production plant located in Sao Paulo state. The unit has an annual production capacity of…
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) – U.S. shares extended last week’s rally and European shares climbed on Monday as signs of a cooling U.S. economy stoked hopes that the Federal Reserve will slow its pace of rate hikes. The Dow Jones Industrial Average rose 1.34%, the S&P 500 gained 1.19% and the…
