Tag: Reuters: Money News

Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump.   – Reuters: Money News

Johnson & Johnson on Wednesday forecast full-year profit largely below expectations, after posting a rare miss on quarterly revenue as sales of some of its major drugs fell short of … Read More

Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German … Read More

Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts told Reuters, most of … Read More

Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of expectations.   – Reuters: Money … Read More

Stress testing of banks in the European Union to check their ability to withstand market shocks without taxpayer help should be eased to cut bank costs, the EU’s banking regulator … Read More

The United States has no hard deadline to conclude the next phase of trade talks with China, but tariffs would not be cut until the next round, Treasury Secretary Steven … Read More

E-commerce unicorn Jumia Technologies, which last year became Africa’s first tech firm to list in New York, will focus on proving it can turn a profit after a bruising 2019, … Read More

Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya’s crude output.   – Reuters: Money News

Luxury fashion label Burberry upgraded its full-year sales forecast on Wednesday as demand for Riccardo Tisci’s new collections in Europe and mainland China offset a slump in Hong Kong.   … Read More