By Ananya Mariam Rajesh (Reuters) – Estee Lauder Cos Inc forecast a bigger drop in full-year profit than it had initially estimated, citing uncertainity around recovery in major market China. An[...]
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February 2, 2023
Santander books record 9.6 billion euro profit for 2022 on lending income
By Jesús Aguado MADRID (Reuters) – A solid rise in revenues and lending income allowed Spain’s Santander to post an 18% jump in profit to a record 9.6 billion euros in 2022, offsetting hig[...]
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Nigeria disagrees with ‘surprise’ Moody’s downgrade – finance minister
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s finance minister said on Thursday she disagreed with what she called a “surprise” downgrade of the country[...]
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France, Germany test water on US green subsidies
By Christian Kraemer and Victoria Waldersee BERLIN (Reuters) – Germany’s Economy Minister Robert Habeck and French Finance Minister Bruno Le Maire will head to Washington next week to pres[...]
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ECB hikes rates, promises another 50 bps more in March
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead w[...]
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U.S. layoffs surged in January as tech slashed thousands of jobs – report
By Samrhitha A (Reuters) – Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recessi[...]
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Bank of England raises borrowing costs to 4%, hints rates near peak
By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England raised interest rates for the 10th time in a row on Thursday but dropped its pledge to keep increasing them “[...]
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NYSE-parent ICE reports fall in fourth-quarter profit
(Reuters) – Intercontinental Exchange Inc reported a drop in fourth-quarter adjusted profit on Thursday, hurt by a slowdown in demand in its mortgage technology business. On an adjusted basis, t[...]
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Corporate lawsuit dodge imperiled after court rejects J&J bankruptcy tactic
By Dan Levine and Mike Spector (Reuters) – Attorney Greg Gordon, a partner at the Jones Day law firm, offered an innovative solution to Johnson & Johnson and other major companies that faced[...]
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