Under Armour posts surprise profit on easing cost pressures
By Granth Vanaik and Juveria Tabassum (Reuters) -Under Armour posted a surprise first-quarter profit and beat sales expectations on Tuesday,…
Walmart buys out $1.4 billion Tiger Global stake in India’s Flipkart – WSJ
(Reuters) -Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in its Indian e-commerce firm Flipkart…
Factbox-Major US banks downgraded by Moody’s on worsening outlook
(Reuters) – Ratings agency Moody’s on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will…
AMC sees ‘explosive start’ to third quarter on ‘Barbenheimer’ frenzy
(Reuters) -AMC Entertainment Holdings said on Tuesday the current quarter was off to a strong start, driven by box-office hits…
Canada posts biggest trade deficit in almost three years, analyst predicts ‘rough summer’
By Ismail Shakil and David Ljunggren OTTAWA (Reuters) -Canada’s trade deficit widened to C$3.73 billion ($2.77 billion) in June from…
Airbus open to potential partner in Brazil’s Helibras, executive says
By Gabriel Araujo SAO PAULO (Reuters) – Airbus would be open to sell a stake in helicopter maker Helibras to…
In Niger, sanctions, flight disruptions squeeze UN aid stocks
By Alessandra Prentice DAKAR (Reuters) – Niger’s military coup is hampering United Nations’ humanitarian efforts in one of the world’s…
Fox beats profit estimates as ad market gains momentum
By Samrhitha A (Reuters) -Fox Corp topped Wall Street expectations for quarterly profit on Tuesday as the Rupert Murdoch-controlled company…
Marketmind: China trade data disappoints, again
A look at the day ahead in U.S. and global markets by Alun John. U.S. equity markets saw their first…
Emergent BioSolutions to lay off about 400 employees
(Reuters) – Emergent BioSolutions on Tuesday decided to cut 400 jobs and scale back operations at some its facilities, pivoting…