(Reuters) -Meat producer Tyson Foods warned that rising costs would start to hit profit on Monday as it raised its full-year revenue forecast on higher prices and improving demand from […]
Election results: Alex Salmond admits he may not lead Alba much longer after disappointment at polls
Alex Salmond has admitted he may not lead Alba much longer after the new independence party failed to make a breakthrough in the Scottish elections. He told Sky News he […]
UBS, Nomura push global banks' Archegos losses over $10 billion
ZURICH (Reuters) -UBS reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family […]
Credit Suisse says to raise capital through new placement
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Credit Suisse said it was […]
Lockdown snacking: Lots to munch on when PepsiCo reports results
(Reuters) – Will people break their lockdown snacking habit once the pandemic eases?FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. […]
AMC beats revenue estimates as people return to theaters
FILE PHOTO: Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City, U.S., April 29, 2020. REUTERS/Brendan McDermid(Reuters) – AMC […]
Lowe's backs 2021 slowdown forecast after riding home improvement boom
(Reuters) – Lowe’s Cos Inc on Wednesday backed its expectations for a sales decline in 2021, even after reporting a blow-out fourth quarter by riding on a sustained boom in […]
HSBC curbs profit and payout ambitions, bets on Asia wealth
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the COVID-19 shock […]
Maersk sees first-quarter boost from strong container demand
FILE PHOTO: A worker is seen next to Maersk shipping containers at a logistics center near Tianjin port, in Tianjin, China December 12, 2019. Picture taken December 12, 2019. REUTERS/Yilei Sun […]
Tiffany posts record holiday sales on online, China demand
FILE PHOTO: A Tiffany store is seen in Beverly Hills, California, U.S., March 13, 2017. Picture taken March 13, 2017. REUTERS/Lucy Nicholson(Reuters) -U.S. jeweler Tiffany & Co said it reported […]