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ING announces share buyback, quarterly net interest income falls
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Bayer’s Monsanto wins reversal of $185 million PCBs verdict in Washington court
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Pandora raises revenue forecast as US sales sparkle
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Greek summer wildfire threat nears, outpacing plans to contain it
Bank of England readies its rates steer as investors cool on cuts
Date: May 2, 2024
Bank of England readies its rates steer as investors cool on cuts By William Schomberg LONDON (Reuters) -The Bank of England must decide next week whether to update its message about when it might cut interest rates for the first time in four years, a move which could yet prove risky despite a sharp drop...
Garmin’s Q1 results beat on strong demand for fitness, auto products
Date: May 1, 2024
Garmin’s Q1 results beat on strong demand for fitness, auto products (Reuters) -Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%. Garmin, which offers GPS devices and technology...
Stocks, dollar dip after data with eyes on Fed
Date: May 1, 2024
Stocks, dollar dip after data with eyes on Fed By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined for the first time in three sessions on Wednesday while the dollar dipped against a basket of peers after a flurry of U.S. economic data and ahead of a policy announcement by the...
Apple set for big sales decline as investors await AI in iPhones
Date: May 1, 2024
Apple set for big sales decline as investors await AI in iPhones By Yuvraj Malik (Reuters) – Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in...
Sterling holds steady as markets await Fed decision
Date: May 1, 2024
Sterling holds steady as markets await Fed decision By Harry Robertson LONDON (Reuters) – The pound held steady on Wednesday as traders waited for the Federal Reserve’s interest rate decision later in the day for hints about when U.S. borrowing costs might start to fall. Sterling was last effectively unchanged from Tuesday at $1.2488, after...
GSK raises profit outlook on strong vaccine, HIV drug sales
Date: May 1, 2024
GSK raises profit outlook on strong vaccine, HIV drug sales By Eva Mathews and Maggie Fick (Reuters) -GSK raised its full-year profit forecast on Wednesday on strong demand for its common respiratory vaccine and specialty HIV medicines, though it expects sales growth to slow in the second half. CEO Emma Walmsley’s strategy has focussed on...