Nokia, Ericsson shares slide as quarterly sales slow
(Reuters) – Finland’s Nokia (NYSE:NOK) cut its annual outlook on Friday and Swedish rival Ericsson (BS:ERICAs) reported plunging quarterly profits,…
European stocks mixed; Telecoms sector weighs
European stock markets stabilized Friday, after a strong week, while results from the telecoms sector disappointed. At 03:20 ET (07:20…
Cathay Pacific expects up to $576 million first-half profit as demand jumps
(Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) said on Friday it expects to record a profit of up to…
Italy’s luxury groups set aside rivalries to keep it local
(Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their…
Tesla begins sale of cheaper Model Y vehicle in South Korea
(Reuters) – Tesla (NASDAQ:TSLA) began selling its Model Y rear-wheel drive car on Friday in South Korea at a price…
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
(Reuters) – Asian stocks rose for a fifth straight day on Friday, on course for their best week this year,…
Conagra forecasts dour profit as higher prices curb demand
(Reuters) – Conagra Brands Inc on Thursday forecast annual sales and profit below Wall Street estimates, in a sign that…
Dollar tumbles after inflation data upends rate outlook
(Reuters) -The dollar tumbled to its lowest since last April on Thursday, heading for its biggest weekly slide so far…
Brent oil hovers above $80 as US inflation eases
(Reuters) – Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates…
Microsoft ‘will improve on dominant enterprise IT position’ – Oppenheimer
Oppenheimer analysts raised the price target for Microsoft (NASDAQ:MSFT) to $410 from $330 per share, maintaining an Outperform rating on…