(Reuters) – Chevron Corp on Wednesday raised its quarterly dividend by 8 cents to $1.42 per share as prices for oil and gas tick up on the back of rebound in fuel demand. (Reporting by Rithika Krishna in Bengaluru; Editing by Vinay Dwivedi)
(Reuters) – Levi Strauss & Co beat market estimates for quarterly revenue on Wednesday, as the denim maker benefited from strong demand for its jeans, tops and jackets with more people stepping out of their homes following widespread vaccinations. Net revenue rose to $1.69 billion in the fourth quarter ended Nov. 28 from $1.39 billion…
WASHINGTON (AP) — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will begin raising its benchmark interest rate as soon as March — and probably a…
NEW YORK (Reuters) – The Federal Reserve on Wednesday signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings. The combined moves will complete a pivot away from the loose monetary policy that has defined…
By Herbert Lash NEW YORK (Reuters) – The dollar rose to a three-week on Wednesday after the Federal Reserve signaled that it is likely to raise U.S. interest rates in March as expected and later launch a significant reduction in its asset holdings. The combined moves will complete a pivot away from the loose U.S….
MILAN (Reuters) – Defence and aerospace group Leonardo said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported on Wednesday that Leonardo was considering options for its Global Enterprise Solutions business, including a sale. It could be worth up to $400 million,…
By Sabrina Valle HOUSTON (Reuters) – Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron’s fourth-quarter financial results Friday. Shares of most major producers rose after oil touched $90 a barrel for the first time in seven years…
By Michael Shields ZURICH (Reuters) – Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 billion. The acquisition of Wealthfront, which has more than 470,000 clients in the United States…
By David Gaffen NEW YORK (Reuters) – Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions between Russia and Ukraine that added to concerns about further disruption in an already-tight market. Brent crude rose $2.15, or 2.4%, to $90.35 by 12:55 p.m….
FRANKFURT (Reuters) -Deutsche Bank said on Wednesday it will undertake a 300 million euro ($338.52 million) share buyback and pay a dividend for 2021. The share buyback will be completed in the first half of this year. The dividend has been set at 0.20 euro per share. Germany’s largest lender last paid a dividend of…
