By Caroline Valetkevitch NEW YORK (Reuters) -The estimated decline in first-quarter S&P 500 earnings has improved from last week and is now at just 0.7% year-over-year, Refinitiv data showed on Friday, thanks to another round of upbeat results from companies including Apple Inc.. The first-quarter reporting period is in the final stretch, with results now…
By Ritsuko Shimizu TOKYO (Reuters) – A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food business, the chief executive of Japan’s Seven & i Holdings Co Ltd told Reuters. The comments from Ryuichi Isaka come as he faces a call for…
LONDON (Reuters) – From the religious symbolism of his anointment to the moment the crown is placed on his head, what are the highlights to look out for during the coronation of King Charles on Saturday? TIMINGS The coronation ceremony will begin at 1000 GMT following a procession from Buckingham Palace. Unlike the coronation of…
LONDON (Reuters) -U.S. first lady Jill Biden met British Prime Minister Rishi Sunak’s wife Akshata Murty on Friday as she visited London to represent the United States at King Charles’ coronation. Meeting for the first time, Biden and Murty embraced and posed for photos in front of black door of Number 10 Downing Street, behind…
By Bianca Flowers and Giulio Piovaccari MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. Shares for the global industrial manufacturer rebounded in early trading…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation was on track to settle within the government’s 2% to 4% target in the fourth quarter after it eased further in April, officials said on Friday, building the case for pausing interest rate hikes. The consumer price index rose 6.6% in…
By Arshad Mohammed, John Irish, Jonathan Landay and Parisa Hafezi WASHINGTON/PARIS/DUBAI (Reuters) -Even as the United States and its European allies grapple with Russia’s invasion of Ukraine and rising tensions with China, the smoldering crisis over Iran’s nuclear program threatens to reignite. In a sign of European concern, Britain, France and Germany have warned Iran…
By Ann Saphir and Howard Schneider (Reuters) – A critical flow of data heading to the Federal Reserve’s June meeting, and a possible rate hike pause, began Friday with a stronger-than-anticipated jobs report showing U.S. payrolls and wage growth remain resilient. Data showing the economy added 253,000 jobs in April, with hourly wages growing at…
By Siddarth S and John McCrank (Reuters) -Cboe Global Markets on Friday reported first-quarter profit above Wall Street expectations, as the exchange operator’s trading volumes swelled on market gyrations amid a banking crisis and rising interest rates. Cboe, which provides trading platforms for equities, foreign exchange and derivative products in various regions, reported adjusted earnings…
By Lawrence White and Iain Withers BIRMINGHAM, England (Reuters) -HSBC soundly defeated a bid to break-up the bank and spin-out its lucrative Asian business at its annual investor meeting in Birmingham in England on Friday, but still faced a rebellion against its board and pay for top bosses. Europe’s biggest bank had faced proposals submitted…
