November 16, 2022 10:02 am
Vodafone on Tuesday revised down its full-year cash flow and adjusted core earnings forecasts amid surging energy costs and a deteriorating performance in markets such as Germany, Italy and Spain. Due to a “challenging macroeconomic environment”, Vodafone slashed its cash flow forecast by EUR 200 million to EUR 5.1 billion for the year that ends […]
Read moreNovember 15, 2022 11:50 am
Daseke Inc (DSKE) said on Monday that it had entered into an agreement with company founder, Don R. Daseke, and his affiliates, to repurchase their total holdings – 17,932,725 shares, in the transportation solutions company at a purchase price of $6.00 per share. This way the company will repurchase about 28.6% of its issued and […]
Read moreNovember 15, 2022 9:51 am
AUD/USD scaled a fresh two-month peak on Tuesday following the release of the latest Reserve Bank of Australia’s policy meeting minutes. It showed that RBA policy makers remained open to either pause the cycle of tightening, or to go back to larger rate hikes, depending on incoming macro data. RBA Deputy Governor Michelle Bullock has […]
Read moreNovember 14, 2022 10:28 am
Japan’s largest bank in terms of assets, Mitsubishi UFJ Financial Group Inc, on Monday posted a 70% slump in its net profit for the fiscal second quarter due to another one-off loss associated with the sale of MUFG Union Bank. The lender’s profit decreased to JPY 117.41 billion during the July-September period from JPY 398.4 […]
Read moreNovember 11, 2022 11:55 am
Cisco Systems Inc (CSCO) plans to establish a new semiconductor chip design center in the city of Barcelona, Spain, the office of Prime Minister Pedro Sanchez said in a Thursday statement. The project is part of the PERTE plan of government subsidies for semiconductor research and development by using the European Union’s pandemic relief funds, […]
Read moreNovember 11, 2022 9:57 am
Mazda Motor Corp said on Thursday that vehicle demand in the United States would remain strong for the remainder of 2022. Still however, the US economy will probably slow after the spring of 2023 amid rising interest rates. “As for the U.S. market from next spring onward, we believe that the economy will gradually slow […]
Read moreNovember 10, 2022 11:53 am
Phillips 66 (PSX) said on Wednesday that it intended to return additional $10 billion to $12 billion to shareholders between mid-2022 and the end of 2024 via a combination of dividends and share repurchases. The Board of Directors of Phillips 66 has approved a $5 billion increase to its authorization regarding common stock repurchases, with […]
Read moreNovember 10, 2022 9:40 am
Iveco Group on Wednesday raised its forecasts regarding full-year revenue, operating profit and cash generation. The truck maker also said it expected pricing power to offset higher costs of raw materials and energy. The Italian manufacturer said the decision to revise up forecasts came after the solid results it had achieved so far in 2022 […]
Read moreNovember 9, 2022 12:06 pm
BNP Paribas said on Tuesday that it intended to expand Exane’s coverage of US companies to 450 stocks from 180 stocks currently by 2025, mostly in sectors such as technology, media, telecommunications, retail, healthcare and industrials. BNP seeks to strengthen its equities unit and diversify the business. In 2021, the lender acquired the remaining 50% […]
Read moreNovember 9, 2022 9:17 am
Futures on US West Texas Intermediate Crude Oil edged lower on Wednesday following an over 3% slump in the previous trading session, as an industry report showed US crude inventories had surged more than expected. At the same time, re-surging COVID infections in China added to fuel demand concerns. The latest data from the American […]
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