Business
Futures extend gains after March PCE data
(Reuters) - U.S. stock index futures extended gains on Friday, as fresh evidence of progress on the inflation front reignited hopes that the Federal Reserve could cut interest rates sometime this year. The personal consumption expenditures (PCE) ...
TSX futures rise as commodity prices jump
(Reuters) - Futures for Canada's main stock index drifted higher on Friday, tracking a rise in commodity prices and upbeat megacap earnings on Wall Street, while some caution ahead of a key inflation reading in the United States contained gains.
India's HCLTech misses Q4 revenue estimates
BENGALURU (Reuters) - HCLTech, India's No.3 IT services player, reported a smaller-than-expected fourth-quarter revenue on Friday amid decelerating tech spending among clients due to macro overhang. The company posted a 7.1% increase in revenue ...
LyondellBasell beats Q1 profit view, expects seasonal demand boost
(Reuters) - Petrochemical manufacturer LyondellBasell said on Friday it expects seasonal demand improvements across most of its units in the current quarter after it beat first-quarter profit estimates. The chemical maker said low costs for ...
T Rowe's quarterly profit beats estimates on tailwinds from market rally
(Reuters) - T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted its assets under management and softened the hit from outflows, it said on Friday. Asset managers have seen money leave their funds as high ...
Canada's Imperial Oil beats quarterly profit estimates
(Reuters) - Canada's Imperial Oil topped Wall Street expectations for first-quarter profit on Friday, as the integrated oil firm was helped by resilient demand for fuel amid tight supply conditions. The Calgary, Alberta-based company posted a ...
TotalEnergies considers listing in New York, says CEO
PARIS (Reuters) - French oil major TotalEnergies will consider a possible listing in New York, Chief Executive Patrick Pouyanne told analysts on Friday. The company has a significant majority of U.S.-based shareholders, added Pouyanne, who said ...
Global equity funds face fourth week of outflows amid dampened Fed rate cut hopes
(Reuters) - Global equity funds recorded outflows for the fourth consecutive week as of April 24, affected by diminishing hopes of rapid Federal Reserve rate cuts this year amid a series of higher-than-expected U.S. inflation readings. Investors ...
Colgate-Palmolive raises sales growth target after strong Q1 results
(Reuters) - Toothpaste maker Colgate-Palmolive raised forecast for annual organic sales growth on Friday, banking on resilient demand for its highly priced self-care and pet nutrition products. Demand for Colgate-Palmolive's products, including ...
Exclusive-UAE planning second nuclear power plant, sources say
By Alexander Cornwell and Maha El Dahan DUBAI (Reuters) - The United Arab Emirates will tender shortly for the construction of a new nuclear power plant that would double the number of the small Gulf state's nuclear reactors, three sources ...
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