By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Canadian economy smashed expectations by adding a net 150,000 jobs in January, data showed on Friday, putting pressure on the Bank of Canada to[...]
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February 10, 2023
Unilever says prices hikes will continue into this year, easing in H2
(This Feb. 9 story has been corrected to remove reference to Fairy detergent in paragraph 2) By Richa Naidu LONDON (Reuters) – Unilever Plc said on Thursday it would continue to raise prices for[...]
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VW to speed up electric shift in five-year plan
BERLIN (Reuters) -Volkswagen will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday, the au[...]
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Adidas slumps as Kanye split triggers new profit warning
By Alexander Hübner and Rachel More BERLIN (Reuters) – Adidas shares slumped as much as 12.6% on Friday after the sportswear maker warned it could plunge to a loss this year for the first time i[...]
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Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter
By Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the f[...]
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Bradesco shares hit 2-year low after disappointing quarterly earnings
By Aluisio Alves and Andre Romani SAO PAULO (Reuters) – Shares in Brazil’s Banco Bradesco SA fell to their lowest level in almost two years on Friday after the bank reported fourth-quarter[...]
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Ralph Lauren beats quarterly revenue estimates
(Reuters) – Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing and accessories held up amid expectations of some affluent cust[...]
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Newell Brands CEO Saligram to retire; forecasts 2023 results below estimates
(Reuters) – Newell Brands Inc said its top boss Ravi Saligram will retire effective May 16 and forecast annual results below analysts’ estimates, sending the Sharpie maker’s shares d[...]
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Analysis-Kuroda’s shock therapy leaves Bank of Japan with mixed legacy
By Leika Kihara TOKYO (Reuters) – Haruhiko Kuroda leaves a mixed legacy after 10 years running the Bank of Japan (BOJ), achieving prices rises after decades of deflation and anaemic growth but w[...]
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