Author Archives: Syndicated Content
GE rides aviation boom to lift 2023 profit forecast
(Reuters) -General Electric Co on Tuesday raised its full-year adjusted profit forecast, betting on steady demand for aircraft engine spare parts and services from airlines looking to cash in on surgi...
Jul 25, 2023
Dassault Systemes’ flagship platform sales slow, but targets confirmed
By Victor Goury-Laffont (Reuters) - French software maker Dassault Systemes said revenue rose 5% in the second quarter, but shares fell to a four-month low after it flagged slower sales growth in its ...
Jul 25, 2023
London court revives $3.5 billion mass forex lawsuit against banks
LONDON (Reuters) - A proposed 2.7 billion pound ($3.46 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged foreign exchange rigging was revived by a London court on...
Jul 25, 2023
Soccer-Switzerland frustrate Hegerberg-less Norway in 0-0 draw
HAMILTON, New Zealand (Reuters) - Switzerland had goalkeeper Gaelle Thalmann to thank for securing a valuable 0-0 draw against Norway, who recovered from a shaky start after Ada Hegerberg's withdrawal...
Jul 25, 2023
‘Operation Cookie Monster’: Dutch arrest their most-wanted suspect in cyber case
AMSTERDAM (Reuters) - Dutch police have arrested a man they described as their most wanted suspect in the investigation into the Genesis Market, a dark web marketplace for stolen computer credentials,...
Jul 25, 2023
Dow reports lower quarterly profit on weak demand
(Reuters) - Dow Inc reported a lower second-quarter profit on Tuesday, hurt by lower prices of its products and weak sales volumes. Manufacturing activity in the United States and Europe continued to ...
Jul 25, 2023
Exclusive-US senators seek salary information from Fed’s inspector general
By David Morgan and Costas Pitas WASHINGTON (Reuters) - Republican Senator Rick Scott and Democrat Elizabeth Warren have asked for salary information from the Fed's Inspector General, who serves as th...
Jul 25, 2023
No happy dance in the cards as Fed ponders resilient US economy
By Howard Schneider WASHINGTON (Reuters) - With the Federal Reserve steaming toward another interest rate hike this week, policymakers face a choice over how much weight to put on recent economic data...
Jul 25, 2023
Analysis-Launch of arthritis drug biosimilars ramps up US pressure on pricing ‘middlemen’
By Patrick Wingrove (Reuters) - Cheaper versions of one of the most costly and widely used arthritis treatments in the U.S. are likely to fuel further scrutiny of the middlemen that negotiate drug pri...
Jul 25, 2023
Some Airbnb hosts try to beat Argentina’s inflation with dollar rates and tax avoidance
By Anna-Catherine Brigida and Eliana Raszewski BUENOS AIRES (Reuters) - As Argentina's inflation rate soared past 100% and the value of the currency slid, IT worker Luis, 33, found an economic lifelin...
Jul 25, 2023
