HELSINKI (Reuters) – Elevator maker Kone reported slightly weaker-than-expected fourth-quarter core earnings on Wednesday, burdened by global supply chain distruptions. The Finnish company gave a new estimate for its 2022 profits, expecting its adjusted operating income to be in the range of 1.18-1.33 billion euros ($1.33-$1.50 billion), slightly down from 1.31 billion in full-year 2021….
By Joice Alves LONDON (Reuters) – The euro rose for a third consecutive day on Wednesday, after hitting a 20-month low last week, as markets awaited euro zone inflation data for clues on the European Central Bank’s next move. The euro has been under pressure, slipping 8% in three months, amid expectations that the ECB…
By Huw Jones LONDON (Reuters) – Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation. Stellar earnings from Google parent Alphabet after Wall Street closed on Tuesday…
FRANKFURT, Germany (AP) — Oil cartel OPEC and allied producing countries are sticking with cautious increases in the amount of oil they send to the global economy, a decision likely to support prices that are near seven-year highs amid fears of a Russian military move against Ukraine. The alliance of OPEC members led by Saudi…
By Dhara Ranasinghe A look at the day ahead in markets from Dhara Ranasinghe. The European Central Bank’s plan to start tiptoeing away from monetary stimulus may be put to the test with Wednesday’s flash inflation release. Economists polled by Reuters forecast inflation in the euro bloc rose 4.4% in January from a year earlier,…
TOKYO (AP) — Sony’s profit for the quarter through December edged up 11% on healthy sales from its film division, including the new Spider-Man movie, the Japanese electronics and entertainment company said Wednesday. Tokyo-based Sony Corp. recorded a 346 billion yen ($3 billion) profit for the fiscal third quarter, up from 310.7 billion yen the…
By Ludwig Burger FRANKFURT (Reuters) -Novartis forecast its sales and core operating profit would grow at a mid-single-digit rate this year, as the Swiss pharmaceuticals group nears a decision on whether to keep or sell its generics business Sandoz. The pharmaceuticals company in October raised the prospect of divesting Sandoz after years of revamping the…
By Jesús Aguado MADRID (Reuters) -Spain’s Santander said on Wednesday a release of 750 million euros ($845 million) in pandemic-related provisions and a strong performance in the United States and Britain drove an eight-fold rise in fourth-quarter net profit compared to a year earlier. The coronavirus crisis forced banks in Europe to set aside costly…
MOSCOW (AP) — The prison sentence imposed a year ago on leading Kremlin critic Alexei Navalny was a severe blow to Russia’s opposition — and then the situation got worse. Over the past 12 months, scores of activists, independent journalists and rights advocates were targeted with raids, detained and designated as terrorists and foreign agents….
BERLIN (Reuters) – Self-charging hybrid cars, which operate on both an internal combustion engine and a battery, outsold diesel cars in Europe for the first time in 2021, albeit by just 48 vehicles, data showed on Wednesday. One in 11 cars sold were battery-electric, the data from the European Automobile Manufacturers’ Association showed, totalling just…
