By Shreyashi Sanyal (Reuters) -European shares ended Thursday lower after the European Central Bank eased the pace of its interest rate hikes but signalled more tightening to come, while Swedish builder Skanska tumbled as its earnings were hit by soaring inflation and high rates. The pan-European STOXX 600 index closed 0.5% lower, hovering near one-month…
(Reuters) -Western Alliance Bancorp on Thursday denied a report that said it was exploring a potential sale that sent the lender’s shares down more than 60%. “Western Alliance is not exploring a sale, nor has it hired an advisor to explore strategic options,” the lender said. The bank’s shares were down 42% at $17.22, with…
NEW YORK (Reuters) – The U.S. Virgin Islands may serve legal papers on Larry Page as part of its lawsuit against JPMorgan Chase & Co <JPM.N> over its ties to the late sex offender Jeffrey Epstein, a judge ruled on Thursday. The ruling by U.S. District Judge Jed Rakoff in federal court in Manhattan did…
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong second quarter, when deliveries start for its new Purosangue model, for which waiting lists extend to 2026. The Italian luxury sportscar maker said it was reopening orders for the Purosangue four-door, four-seater, which had been…
By Sourasis Bose (Reuters) -U.S. refiner HF Sinclair Corp beat estimates for first-quarter profit on Thursday and said it had offered to buy all outstanding shares that it does not already own in Holly Energy Partners LP. Shares of HF Sinclair fell 7% to $38.98, with Wall Street analysts suggesting that the quarterly beat could…
By Deborah Mary Sophia (Reuters) – Royal Caribbean Group raised its annual profit forecast after upbeat quarterly results on Thursday, cruising on the back of higher ticket prices and pent-up leisure travel demand, sending shares up nearly 8%. The Miami, Florida-based company also projected current-quarter earnings well above Wall Street estimates and said bookings outpaced…
By Kannaki Deka (Reuters) -Peloton Interactive Inc reported a wider-than-expected quarterly loss and warned it expects to sign up fewer members for the year, raising concerns about the fitness equipment maker’s growth prospects. Shares of the company fell 15% in morning trading after initially rising on stronger-than-expected forecast for fourth-quarter revenue. Last year, the pandemic…
By Stephanie van den Berg and Toby Sterling THE HAGUE (Reuters) – Russian President Vladimir Putin must be brought to justice for his war in Ukraine, Ukrainian President Volodymyr Zelenskiy said on Thursday in The Hague, calling for a new international tribunal for the “crime of aggression.” “We’re going to set up a specific tribunal……
By Chavi Mehta (Reuters) – Shopify Inc on Thursday posted a surprise first-quarter profit and announced plans to lay off 20% of its staff while allaying investor concerns by exiting its logistics arm, sending its shares surging about 28%. The Canadian e-commerce company had aggressively built out an order-fulfillment network in recent years on expectations…
By Martin Petty (Reuters) – The United States and the Philippines have agreed on new guidelines for their 1951 Mutual Defense Treaty, following multiple requests by Manila to make clear the conditions under which Washington would come to its defence. WHY DID THE PHILIPPINES WANT CLARIFICATION? Though the United States has reassured the Philippines their…
