UniCredit to post strong quarter as Russia draws scrutiny

Italian bank UniCredit is set to report sharply higher revenue on Wednesday from a year ago as it continues to benefit from higher interest rates - but its exposure to Russia is drawing increased regulatory scrutiny.

newspaper

25-07-2023

IMF expects Japan's economy to grow 1.4% this year on pent-up demand

Japan's economy is expected to expand 1.4% this year, faster than a 1.0% rise in 2022, as removal of pandemic curbs boost consumption, the International Monetary Fund (IMF) said on Tuesday.

newspaper

25-07-2023

3M raises full-year profit forecast, beats quarterly estimates

(Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast and reported better-than-expected quarterly results after a $10.3 billion environment charge, sending its shares up nearly 3% before the bell.

newspaper

25-07-2023

3M raises full-year profit forecast on higher prices, cost-cut measures

(Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast, benefiting from higher prices and cost-cut measures including significant layoffs.

newspaper

25-07-2023

South32 takes $1.3 billion hit against Hermosa; Q4 output steady

(Reuters) -Australian diversified miner South32 on Monday said it will take an about $1.3 billion one-off charge in fiscal 2023 against its Hermosa project in Arizona, even as the company restored output at most of its operations in the fourth quarter.

newspaper

25-07-2023

Booz Allen to pay $377.4 million to settle US charges over past billing practices

U.S.-based consulting firm Booz Allen Hamilton Holding agreed to pay the United States $377.4 million to resolve allegations of violating federal law by improperly billing commercial and international costs to its government contracts, the Justice Department said.

newspaper

22-07-2023

U.S. banks warn of interest income weakness after upbeat quarter

(Reuters) -Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over faltering loan demand and spike in deposit costs.

newspaper

21-07-2023

China seeks to boost demand by pushing urban development - state media

China's cabinet has approved guidelines on transforming underdeveloped areas in megacities, in the government's latest move to support the economy, state media said on Friday.

newspaper

21-07-2023

KKR boosts chemicals portfolio with $1.3 billion deal for Chase

(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the specialty chemicals sector.

newspaper

21-07-2023