By Giulio Piovaccari and Nick Carey MILAN (Reuters) -Fiat, Ram and Peugeot maker Stellantis beat profit forecasts on Wednesday due to strong car prices and greater-than-expected merger benefits, but w[...]
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February 22, 2023
T.J. Maxx parent sees weak annual profit pressured by rising costs
By Aatrayee Chatterjee and Ananya Mariam Rajesh (Reuters) -TJX Cos Inc forecast annual profit below analysts’ expectations on Wednesday, as the off-price retailer faces pressures from supply cha[...]
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Indian cenbank onshore, offshore intervention helps rupee outperform-traders
By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India (RBI) is likely intervening in both the offshore and onshore markets to shield the rupee from the fallout of investors lifting their e[...]
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KKR extends bid for TIM’s grid as government looks into offer
By Elvira Pollina and Giuseppe Fonte MILAN/ROME (Reuters) – KKR has extended an offer for Telecom Italia’s (TIM) prized landline grid by four weeks to March 24 at the behest of the Italian[...]
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Toronto stocks seen up 6.2% by year-end, despite ‘wall of worry’: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will add to its rally this year and hit a record high in 2024 as the Bank of Canada turns less hawkish and China’s reope[...]
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Markets bracing for ‘no landing’ world economy scenario curb risk appetite
By Naomi Rovnick and Davide Barbuscia LONDON/NEW YORK (Reuters) – Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays higher fo[...]
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Bullard calls on Fed to get inflation under control this year
(Reuters) – The Federal Reserve needs to get inflation on to a sustainable path down toward its 2% goal this year or else risk a repeat of the 1970s, when interest rates had to be repeatedly rat[...]
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Tesla scales back German battery plans, won over by U.S. incentives
By Victoria Waldersee BERLIN (Reuters) -Tesla Inc has begun assembling batteries in Germany but will focus cell production in the U.S. in light of Inflation Reduction Act tax incentives, a spokesperso[...]
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Rio Tinto slashes dividend as profit plunges on slower China demand
By Clara Denina and Harish Sridharan LONDON (Reuters) -Rio Tinto more than halved its dividend on Wednesday after posting a 38% drop in annual profit, hurt by weaker iron ore prices as demand from Chi[...]
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