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27 Apr

Sweden's SEB, Handelsbanken beat forecasts but Ukraine, inflation cloud outlook

STOCKHOLM (Reuters) -Swedish banks SEB and Handelsbanken both delivered better-than-expected quarterly profit gains on Wednesday to send their shares higher even as the war in Ukraine and surging inflation began redrawing the economic outlook.

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27 Apr

Crypto firms seek clearer U.S. rules on their interest-bearing products

Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments.

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27 Apr

Uniper sees Russian gas imports as safe despite supply stop to Poland, Bulgaria

Uniper sees Russian gas flows into Germany as secure for now despite a halt in supplies to Poland and Bulgaria as transit volumes headed elsewhere would be unaffected, Germany's top importer of Russian gas said on Wednesday.

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27 Apr

With inflation, gold notes and cards find their way into America's wallet

With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the U.S. dollar.

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27 Apr

Strong demand lets Mercedes-Benz hike prices to offset costs

Mercedes-Benz expects strong demand for high-end cars to allow it to offset rising raw material and transport costs with higher prices, forecasting a pick-up in deliveries once chip shortages ease.

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27 Apr

Elevator-maker Kone trims outlook as Q1 profit misses forecast

Elevator-maker Kone posted weaker-than-expected first-quarter core earnings on Wednesday, burdened by supply chain constraints and a decline in its China business, and trimmed its full-year sales and earnings outlook.

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27 Apr

LG Display quarterly profit plunges as demand shrinks and prices slide

SEOUL (Reuters) -LG Display Co Ltd saw first-quarter profit plummet far below forecasts and warned of a further drop in panel prices as pandemic-driven demand for TVs, smartphones and laptops fades and competition heats up.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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