By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) -The U.S. S&P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump’s decisive victory, although disappointment about China’s latest fiscal support dampened the mood elsewhere. A day after the Federal Reserve delivered a…
(Reuters) -U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households’ expectations for the future climbing to the highest in more than three years, led by brightening outlooks among Republicans, a survey showed on Friday. The University of Michigan’s Consumer Sentiment Index climbed to 73.0 this month, the highest…
By Roshan Thomas (Reuters) -Singapore Airlines on Friday flagged its earnings would stay under pressure despite robust travel demand in the second half of the year, while it reported a profit fall reflecting stiff market competition coupled with rising costs. The city-state’s flag carrier said the aviation sector was struggling with macro-economic uncertainty, rising geo-political…
ZURICH (Reuters) -Richemont’s U.S. business is in a good position to carry on growing now that uncertainty around this week’s presidential election is out of the way, Chief Financial Officer Burkhard Grund said on Friday. Still, it is too early to say how president-elect Donald Trump’s policies would affect demand for jewellery and watches in…
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – The Philippine economy grew in the third quarter at its slowest annual pace in more than a year as severe weather disrupted government spending and dampened farm output, to strengthen the case for further policy easing. Gross Domestic Product (GDP) grew 5.2% in the July-September…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Thursday it will boost its oversight of Boeing as the planemaker prepares to resume production of its 737 MAX jets following a 53-day strike that ended earlier this week. FAA Administrator Mike Whitaker spoke with Boeing CEO Kelly Ortberg this week and stressed the…
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) cut by 25 basis points on Friday its base rate charged via the overnight discount window, to 5.0%, tracking a move by the U.S. Federal Reserve. The Asian financial hub’s monetary policy moves in lock-step with the United States as its currency is pegged to the…
By Mariam Sunny and Bhanvi Satija (Reuters) -Neutrogena-owner Kenvue’s third-quarter sales fell short of expectations on Thursday, marking the fifth consecutive quarter of year-over-year decline in its core skin health and beauty products segment. Kenvue said it is trying to improve sales by spending more on marketing and supplying additional units of its skincare products…
(Reuters) -News Corp beat estimates for first-quarter revenue and profit on Thursday, driven by growth in its digital real estate services, book publishing and Dow Jones segments. The company also said Susan Panuccio will depart from her role as finance chief and will be replaced by Lavanya Chandrashekar early next year. Chandrashekar, 52, has recently…
By Jaspreet Singh (Reuters) -Pinterest’s fourth-quarter revenue forecast failed to impress investors looking for a boost from the upcoming holiday shopping season, at a time when bigger online ad sellers largely outperformed, sending its shares down 11% in extended trading on Thursday. The San Francisco, California-based company also announced a new stock buyback program of…