Abbott Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter earnings on Thursday, buoyed by strong sales of its cardiac and diabetes care devices.
The pound hit its highest in a year on Wednesday, driven by investors who are scrambling for juicier returns as global interest rates start to fall, but strategists say it will take more than higher rates for sterling to retain that sparkle.
The yen rose sharply on Wednesday in what traders suspected was likely the result of another intervention from Japanese authorities to prop up the battered currency from multi-decade lows.
Russia’s Nornickel is in talks with several Chinese battery companies to build a plant jointly producing nickel material from Russian semi-finished products, three sources with knowledge of the matter told Reuters.
Darden Restaurants , owner of the Olive Garden chain, has agreed to buy full-service restaurant operator Chuy’s Holdings in an all-cash deal which has an enterprise value of $605 million, the companies said on Wednesday.
Blackstone said on Thursday its second-quarter distributable earnings rose 3% from a year earlier, as a jump in asset sales in its private equity and credit divisions more than offset a slump in its real estate arm.
It takes an average of nearly 29 years to build a new mine in the U.S., the second-longest in the world behind only Zambia, hampering Washington’s efforts to boost output of lithium, nickel and other metals for the energy transition, a report said on Thursday.
D.R. Horton tightened its annual forecast for home sales and beat Wall Street estimates for quarterly profit on Thursday, as historically low U.S. supplies lift new home sales despite elevated mortgage rates.
Norwegian telecom operator Telenor raised its 2024 revenue forecast on Thursday, citing strong first-half performance and favourable inflation trends in the Nordics, and said it would keep hiking prices to boost its sales.
Infosys topped quarterly results estimates on Thursday on a recovery in demand from clients in its mainstay financial services business, prompting India’s second-largest IT services firm to raise its revenue forecast for the financial year.
