‘AI All-Star’ Microsoft’s rosy earnings spark rally in tech stocks
By Nivedita Balu and Aditya Soni (Reuters) – Microsoft Corp shares surged about 7% on Wednesday and lifted tech stocks…
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General Dynamics revenue rises on strong demand for weapons
By Mike Stone and Pratyush Thakur (Reuters) -General Dynamics Corp on Wednesday reported a 5.2% rise in quarterly revenue, boosted…
Brazil inflation hits 30-month low as govt calls for rate cuts
By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s inflation slowed more than expected and reached its lowest since late 2020 in…
German government slightly raises 2023 GDP forecast
BERLIN (Reuters) -The German government has raised its economic growth forecast for this year to 0.4% from a previously predicted…
EU countries should focus on net expenditure, cut debt over 4 years -EU executive
By Jan Strupczewski BRUSSELS (Reuters) -The European Commission proposed on Wednesday that, under a reform of the EU’s fiscal rules,…
Factbox-US banks hit by deposit flight as clients seek higher returns
(Reuters) – The closure of two U.S. regional banks in March shook investor confidence in the banking industry and drove…
Smaller EV prices to come down as EV sales climb, IEA says
By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the…
Analysis-Market calm invites risk of BOJ shock
By Junko Fujita and Tom Westbrook TOKYO (Reuters) – Investors have dialled down wagers on a policy shift at the…
Canada’s Rogers beats profit estimates on wireless business strength
(Reuters) -Rogers Communications Inc reported a better-than-expected quarterly profit on Wednesday, as gains in its wireless business helped offset weakness…
Roche Q1 sales decline tempered by swift uptake of new eye drug
By Ludwig Burger (Reuters) -Switzerland’s Roche said first-quarter sales dropped 7% on falling demand for its COVID-19 therapies and tests,…