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Global equity funds face fourth week of outflows amid dampened Fed rate cut hopes
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Global economy set to stay on a roll for the rest of the year – Reuters poll
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Sterling steadies against dollar, jumps to 16-year high vs yen
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TotalEnergies earnings fall in first quarter on lower gas prices
Denso to sell off cross-shareholdings and use proceeds on M&A
Date: April 26, 2024
Denso to sell off cross-shareholdings and use proceeds on M&A TOKYO (Reuters) – Toyota Motor supplier Denso plans to eventually sell all of its cross-shareholdings, its president said on Friday, as the company looks to fund acquisitions and other investments. WHY IT’S IMPORTANT Investors have long pressured Japanese companies to sell-off cross-shareholdings and put their...
Safran posts higher Q1 revenue, keeps financial targets
Date: April 26, 2024
Safran posts higher Q1 revenue, keeps financial targets PARIS (Reuters) -French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up...
Anglo American rejects BHP’s $39 billion takeover proposal
Date: April 26, 2024
Anglo American rejects BHP’s $39 billion takeover proposal By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -Anglo American rejected rival miner BHP Group’s 31.1 billion pound ($39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects. “The BHP proposal is opportunistic and fails to value Anglo American’s...
Airport operator ADP Q1 revenue boosted by post-pandemic travel boom
Date: April 26, 2024
Airport operator ADP Q1 revenue boosted by post-pandemic travel boom By Diana Mandia (Reuters) -French airport group ADP reported on Friday a better-than-expected rise in first-quarter revenue, benefiting from the post-pandemic holiday boom and as travellers splashed more cash on food and drink at its airports. “All segments of activities are growing, especially the contribution...
NatWest first-quarter profit slumps 27% as savings, mortgage competition bite
Date: April 26, 2024
NatWest first-quarter profit slumps 27% as savings, mortgage competition bite By Lawrence White LONDON (Reuters) -NatWest’s first-quarter profit fell by a less than expected 27%, it said on Friday, hit by competition for savings, lending and mortgage products which has squeezed margins across the sector. The British bank said pretax operating profit for the January-March...
Tepid economic data weighs on equities; yen sinks to fresh lows
Date: April 25, 2024
Tepid economic data weighs on equities; yen sinks to fresh lows By Lisa Baertlein, Abhirup Roy and Nick Carey LOS ANGELES/SAN FRANCISCO (Reuters) -UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country’s climate-warming tailpipe emissions....