Contract drug manufacturer Catalent Inc on Friday warned that its fiscal fourth-quarter results would be hit by lower productivity and higher costs at three of its manufacturing facilities.
South Africa needs to urgently fix energy, transport and security challenges if it is to reverse souring investor sentiment, executives said on Thursday as President Cyril Ramaphosa targets 2 trillion rand ($111 billion) in new investments over the next five years.
PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income (NII).
One more quarter-percentage-point interest rate hike can allow the Federal Reserve to end its tightening cycle with some confidence inflation will steadily return to the U.S. central bank’s 2% target, Atlanta Fed President Raphael Bostic said.
Futures for Canada’s commodity-heavy stock index edged up on Friday, tracking a rise in crude prices, while upbeat earnings from big U.S. banks supported optimistic investor mood.
Parler, a social media app popular with U.S. conservatives, was sold to digital media conglomerate Starboard for an undisclosed sum and will be shut down temporarily to give its new owner time to roll out a revamped version of the platform.
China’s Zeekr has hired a former Lexus executive to helm its operations in Europe, according to a memo seen by Reuters, as the electric vehicle (EV) maker plans to sell into the region later this year.
