By Granth Vanaik (Reuters) – TJX Cos Inc lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items. The T[...]
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May 17, 2023
Pfizer to raise $31 billion for Seagen takeover in largest debt offering
(Reuters) -Pfizer Inc is planning to raise $31 billion through its largest debt offering to finance its proposed acquisition of Seagen Inc, the drugmaker said late on Tuesday. The company struck a $43[...]
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Experian’s outlook highlights North America lending woes
By Eva Mathews (Reuters) -Experian Plc’s annual revenue growth forecast on Wednesday signalled a challenging economic backdrop, especially in North America, where the failure of three U.S. regio[...]
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Tesla restarts India market talks with new factory proposal – source
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on[...]
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IMF’s Gopinath sees ‘sizeable’ upside inflation risks, says markets too optimistic
WASHINGTON (Reuters) – The International Monetary Fund’s no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and[...]
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Fed to keep rates untouched this year; risk of U.S. default high: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who al[...]
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U.S. House Speaker McCarthy says he thinks U.S. will not default
WASHINGTON (Reuters) -House Speaker Kevin McCarthy on Wednesday said he believed the United States will not default on its debt now that congressional leaders and President Joe Biden’s administr[...]
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JD Sports’ profit to top 1 billion pounds as trainers become ‘new normal’
By James Davey LONDON (Reuters) -JD Sports Fashion expects underlying profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its[...]
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Volkswagen aims for ‘margin parity’ on some EVs by 2025
By Victoria Waldersee and Joseph White MUNICH (Reuters) -Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can b[...]
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