By Huw Jones and Tom Sims LONDON/FRANKFURT (Reuters) – Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc’s banking watchdog said on Friday. Bank stress tests became a feature in Europe and the…
By Bianca Flowers CHICAGO (Reuters) -Farm and construction equipment maker CNH Industrial reported better-than-expected operating profit on Friday, though shares fell as much as 6% as an unchanged revenue forecast cast doubt on future growth potential. The Italian-American company maintained its revenue forecast for industrial activities between 8% and 11% and a free-cash flow (FCF)…
(Reuters) – Church & Dwight raised its annual sales and profit forecasts on Friday, betting on higher prices and steady demand for its household and personal care products including liquid detergents and mouthwash. Consumer goods companies have been jacking up prices of their products to safeguard margins from spiraling costs linked to manufacturing, supply chain,…
(Reuters) – U.S. President Joe Biden is planning to sign an executive order to limit critical U.S. technology investments in China by mid-August, Bloomberg news reported on Friday, citing people familiar with the internal deliberations. The order would focus on semiconductors, artificial intelligence and quantum computing, Bloomberg reported, adding that it would not affect any…
MEXICO CITY (Reuters) -Mexico’s peso on Friday hit its highest level against the dollar since early December 2015, as the greenback lost steam after a slowdown in U.S. inflation bolstered the case for the Federal Reserve to end its interest rate hikes. The currency, which has been dubbed the “super peso” in some quarters, including…
By Steve Holland and Heather Timmons WASHINGTON (Reuters) – Senate Republican leader Mitch McConnell’s unexplained freezeup while speaking in Congress this week is the latest reminder that America’s most powerful political leaders are much older than many in other democracies. Joe Biden, 80, is the oldest U.S. president to ever serve in the White House,…
(Reuters) – (This July 27 story has been corrected to remove reference to ‘demand for data on valuations, benchmarks & energy markets prices wilting away’ in paragraph 4, & reference to Market Intelligence unit’s revenue share in paragraph 6) S&P Global Inc missed profit estimates for the second quarter on Thursday, as weakness in rating…
By Lananh Nguyen, Niket Nishant and Manya Saini (Reuters) – Goldman Sachs executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his incoming firm said, marking yet another high-profile exit from Goldman. Salisbury, who was chief investment officer of asset and wealth management at the…
By Lisa Baertlein and Anthony Deutsch LOS ANGELES/AMSTERDAM (Reuters) – Electric vehicles are crisscrossing the globe to reach their eager buyers, but the battery technology involved in the zero- emission automobiles is exposing under-prepared maritime shippers to the risk of hard-to-control fires, industry, insurance and emergency response officials said. That risk has been put under…
By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Fourteen Iraqi private banks hit with curbs by the United States over allegedly helping siphon U.S. dollars to Iran said on Wednesday they were ready to challenge the measures and face audits and called on Iraqi authorities to provide assistance. U.S. financial authorities last week barred 14…
