(Reuters) – National Bank of Canada missed analysts’ earnings estimates on Wednesday, hurt by higher costs and money set aside for bad loans amid a meltdown in the U.S. banking sector and souring economy. Shares of the Montreal-based bank were down more than 1% in morning trading, tracking broader market declines. The results come after…
By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers. The Biden administration…
By Emma-Victoria Farr FRANKFURT (Reuters) – Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million. The fifth generation family-owned business, which specialises in electronics, would become a publicly-listed company on…
LONDON (Reuters) – More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has standardised data to allow investors and others to compare corporate performance in…
By Joseph Ax (Reuters) – Former New Jersey Governor Chris Christie, who backed Donald Trump’s successful 2016 presidential campaign but has since become a vocal critic, will launch his campaign for the 2024 Republican presidential nomination on June 6, a person familiar with the matter said. Here are key facts about Christie’s life and career:…
(Reuters) -U.S. health and advocacy groups have declared June 2 as National Gun Violence Awareness Day. People are asked to wear orange – traditionally a color worn by hunters – to remember shooting victims. The annual event began in 2015 on what would have been the 18th birthday of Hadiya Pendleton, shot dead in Chicago…
By Samrhitha A (Reuters) – Shares of Hewlett Packard Enterprise Co slumped more than 10% on Wednesday as its lackluster revenue forecast fanned worries of a slowdown in cloud spending this year. The company was set to shed nearly $2 billion in market value if losses hold through the session. They have lost about 3%…
By John Kemp LONDON (Reuters) – U.S. domestic banks reported a widespread tightening of lending standards by the end of the first quarter of 2023 – even before the full impact of the regional banking crisis had been felt. Stricter lending criteria are likely to slow the flow of credit to small businesses and households…
SHANGHAI (Reuters) – Elon Musk is scheduled to travel to Tesla’s Shanghai factory on Wednesday night to meet with staff there, two sources familiar with the matter said. The Tesla CEO’s private jet landed in the financial hub earlier in the day after flying from Beijing, according to flight tracking provider Variflight. Tesla did not…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday it raised $154 million and tripled its valuation as customers in need of faster, more energy efficient computing for AI work are buying its systems. “We use light to link computer chips together and we…
