NEW YORK (Reuters) – Thomson Reuters Corp on Tuesday reported higher revenues and operating profit in the first quarter and raised its full-year revenue forecast. It reported adjusted earnings of 66 cents per share. It was not immediately clear if that compared directly to analyst forecasts for 62 cents. Total revenues rose 5.5% in the…
ALMATY (Reuters) – Russian retailers Magnit and Lenta are in talks with their suppliers and other parties about importing goods via Kazakhstan, Russia’s southern neighbour and close partner, a Kazakh official was quoted as saying on Tuesday. Rouble volatility and supply chain disruptions have hit the Russian market since President Vladimir Putin sent troops into…
LONDON (Reuters) – Russia looked poised to swerve a looming sovereign default after overdue payments on two of its sovereign Eurobonds were sent to some of its creditors, a source familiar with the situation said on Tuesday. Russia had made what appeared to be a late U-turn to avoid a default on the bonds after…
By Gwladys Fouche OSLO (Reuters) -Norway’s $1.2 trillion sovereign wealth fund, the world’s largest, expects difficult market conditions in the time to come, affected by geopolitical events and inflation, its chief executive said on Tuesday. Inflation, already on the rise before the conflict in Ukraine, has continued to increase, while interest rates are still very…
By Benjamin Kellerman and Alicia Powell NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter beyond the current “niche” until most Americans use the social media platform. Musk has signed a deal to buy Twitter for $44 billion, raising questions among employees and…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia. Soaring oil and gas prices in…
A look at the day ahead in markets from Sujata Rao. First Sweden, now Australia. Two central banks that had said they saw no need for rate hikes until 2023 or 2024 have eaten humble pie in the space of a week. Australia on Tuesday hiked rates by 25bp to 0.35%, a larger hike than markets had…
By Nick Carey LONDON (Reuters) – Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and…
By Anshuman Daga and Selena Li SINGAPORE/HONG KONG (Reuters) -Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to improve returns. Sources familiar with the situation said on Friday that Ping An had called on HSBC to look…
By Bharat Gautam (Reuters) – Gold prices dropped on Tuesday towards their lowest since mid-February, as an elevated dollar and an imminent interest rate hike by the U.S. Federal Reserve dampened bullion’s appeal as an inflation hedge. Spot gold was down 0.3% at $1,858.10 per ounce, as of 0510 GMT. Bullion fell more than 2%…
