ADM lifts 2023 guidance after second-quarter profit beat
By Karl Plume CHICAGO (Reuters) -Archer-Daniels-Midland beat Wall Street expectations for second-quarter profit on Tuesday and raised its 2023 earnings…
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Logitech beats earnings estimates and raises forecast, lifting shares
By John Revill (Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year…
China’s property firms rally after Beijing pledges economic support
By Clare Jim and Karin Strohecker HONG KONG (Reuters) -Investors piled into Chinese property developers’ shares and bonds on Tuesday…
Brazil 50bp rate cut comes into play as inflation edges lower
SAO PAULO (Reuters) -Consumer prices in Brazil fell by more than expected in the month to mid-July, data from statistics…
US says Russian plane hit drone with flare over Syria
WASHINGTON (Reuters) -The U.S. military said a Russian fighter jet hit a U.S. drone with a flare and “severely” damaged…
Morgan Stanley cuts Israel sovereign credit to “dislike stance” after judiciary changes
By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s…
Some Airbnb hosts try to beat Argentina’s inflation with dollar rates and tax avoidance
By Anna-Catherine Brigida and Eliana Raszewski BUENOS AIRES (Reuters) – As Argentina’s inflation rate soared past 100% and the value…
Binance, CEO plan to seek dismissal of CFTC complaint
(Reuters) -Binance and its CEO, Changpeng Zhao, are planning to seek the dismissal of a regulator’s complaint, accusing it of…
No happy dance on the agenda as Fed ponders resilient US economy
By Howard Schneider WASHINGTON (Reuters) – With the Federal Reserve steaming toward another interest rate hike this week, policymakers face…
“Last hope”: Eager Germans are prepared to pay for weight-loss drug
By Ludwig Burger and Maggie Fick FRANKFURT/LONDON (Reuters) – Frustrated after countless failed diet and exercise attempts, 41 year-old Jessica…