By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney exceeded Wall Street’s earnings expectations on Wednesday as higher attendance at its Shanghai and Hong Kong theme parks[...]
Read more
November 9, 2023
China smartphone market perks up as sales of new Xiaomi model off to roaring start
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Xiaomi’s sales of more than 1 million units of its latest flagship smartphone in the week since its launch are a fresh sign that a slump in C[...]
Read more
Strong demand drives surge in Dubai’s Emirates airline H1 profit
DUBAI (Reuters) – Emirates airline, Dubai’s flagship carrier, posted a significant jump in net profit for the first half of financial year 2023-24 on the back of strong demand, the company[...]
Read more
China’s consumer prices back in decline as recovery wobbles
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer prices swung lower in October, as key gauges of domestic demand pointed to weakness not seen since the pandemic, while factory-g[...]
Read more
Henkel ups outlook for 2023
(Reuters) – German consumer goods company Henkel on Thursday slightly raised its guidance for the year, saying strong pricing helped third quarter growth. The group raised the lower end of its g[...]
Read more
Arcelor Mittal reports higher-than-expected Q3 profit
BRUSSELS (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, on Thursday reported higher-than-expected third-quarter earnings and said it remained positive on the medium-to-l[...]
Read more
Honda posts 31% Q2 operating profit jump, raises full-year forecast
TOKYO (Reuters) -Japan’s Honda Motor posted a 31% increase in operating profit for the September quarter on Thursday, lifted by stronger sales in the United States and a weaker yen, and raised i[...]
Read more
Merck KGaA says FY profit to fall to lower half of target range
By Ludwig Burger FRANKFURT (Reuters) -Germany’s diversified group Merck KGaA flagged that full-year operating earnings would likely be in the lower half of its target range on weak demand for sp[...]
Read more
Analysis-Falling Treasury yields could turn Fed hawkish if financial conditions ease
By David Randall NEW YORK (Reuters) – Falling Treasury yields helped launch an explosive rebound in stocks and lifted U.S. government bonds from 16-year lows. Now some investors worry that furth[...]
Read more