By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a drop in COVID-related dem[...]
Read more
March 2, 2023
Brembo sees 2023 sales up mid-single digits after positive start to year
(Reuters) – Italy’s Brembo sees an increase in sales in the mid-single digit range for 2023 on the back of a positive start to the year in terms of volumes and as it made full use of its p[...]
Read more
Goldman Sachs faces hard sell for its consumer assets
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group Inc is embarking on a tough sales pitch to investors for assets in its troubled consumer business, which has dragged on earnings and may lack app[...]
Read more
China’s external environment poses serious challenges to trade – commerce minister
By Joe Cash BEIJING (Reuters) – Pressure on China’s imports and exports will increase significantly this year, Wang Wentao, commerce minister, told a news conference on Thursday, three day[...]
Read more
ECB confronts a cold reality: companies are cashing in on inflation
By Francesco Canepa FRANKFURT (Reuters) – Huddled in a retreat in a remote Arctic village, European Central Bank policymakers faced up last week to some cold hard facts: companies are profiting[...]
Read more
Metro Bank increases bad loans provisions as cost-of-living crisis bites
By Sinchita Mitra (Reuters) -Metro Bank ramped up its provisions for bad loans more than 75% to 40 million pounds in 2022 as the British mid-sized lender pointed to the beginning of a “potential[...]
Read more
EV maker Polestar’s Q4 loss narrows, won’t engage in price wars
By Marie Mannes (Reuters) – Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it would not engage in price wars wh[...]
Read more
AB InBev upbeat on ‘resilient’ beer, China recovery
By Philip Blenkinsop BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, expressed confidence in China’s recovery and the willingness of drinkers to pay higher pri[...]
Read more
U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – U.S. home prices are forecast to decline modestly this year and by less than previously thought as demand has declined only slightly desp[...]
Read more