Author: Press Room

© Reuters. A general view of the Colombo main port is seen beyond the main wholesale market, on the day President Ranil Wickremesinghe, who is also the island nation’s finance minister, presents the annual budget in Colombo, Sri Lanka November 12, 2023. REUTERS/Dinu ATHENS (Reuters) – Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund said on Tuesday. Growth will slow down to 2.0% next year, the fund said in staff concluding statement.

© Reuters. Energizer (NYSE:ENR) Beats Q4 Sales Targets Battery and lighting company Energizer (NYSE:ENR) reported Q4 FY2023 results beating Wall Street analysts’ expectations, with revenue up 2.6% year on year to $811.1 million. Turning to EPS, Energizer made a GAAP profit of $0.27 per share, down from its profit of $0.82 per share in the same quarter last year. Is now the time to buy Energizer? Find out by reading the original article on StockStory. Energizer (ENR) Q4 FY2023 Highlights:Revenue: $811.1 million vs analyst estimates of $794.6 million (2.1% beat)EPS (non-GAAP) Guidance for Q1 2024 is $0.55 at the midpoint,…

3/3 © Reuters. FILE PHOTO: Eco Energy storage and transfer facilities photographed in Philadelphia, Pennsylvania, U.S. on February 4, 2017. REUTERS/Tom Mihalek/File Photo 2/3 By Leah Douglas and Laura Sanicola WASHINGTON (Reuters) – The U.S. drive to develop sustainable aviation fuel (SAF) using ethanol could be slowed because of growing opposition to proposed pipelines that would curb greenhouse gas emissions from ethanol plants by capturing carbon dioxide and carrying it away to other states for storage. industry players say the developments raise questions about future growth for U.S. producers of the biofuel, including POET, Valero and others, who have been…

Converge Technology Solutions reports Q2 results

The mother of an American imprisoned in China for over 10 years and facing execution is calling on President Biden to take action during his upcoming meeting with Chinese President Xi to secure her son’s release for a crime she and many others say he did not commit. “President Biden, you need to please say Mark’s name and tell him [Xi] what do you want to let him go,” Katherine Swidan, the 73-year-old mother of Mark Swidan told Fox News Digital on Monday, the 11-year anniversary of the day her son was wrongfully arrested by Chinese authorities. “We have the people, We…

Sean Choksi is the Senior Vice President of Strategy at Advantage Solutions. getty In today’s economic landscape, the emphasis on working capital is becoming increasingly paramount for companies. Amid the difficult macroeconomic backdrop with interest rate challenges, the adage “cash is king” resonates more than ever. With liquidity now a crucial determinant of a company’s resilience and long-term viability, optimizing working capital has reemerged as a fundamental strategy to achieve financial efficiency and maximize shareholder value. Companies that efficiently allocate capital are better positioned to invest in opportunities that yield the highest returns, ultimately driving growth and profitability. In a…

Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.Brazilian cosmetics company Natura has agreed to sell The Body Shop to private equity firm Aurelius, after struggling to revive the UK retailer’s fortunes.The deal gives the company an enterprise value of £207mn, Natura said in a statement, a fraction of the €1bn that Natura paid to acquire the business from L’Oréal in 2017. For $3.9bn-valued Natura, the divestment represents another step in a retreat from its once global ambitions. The São Paulo-based group went on an international expansion drive in the…

© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. Those yield forecast upgrades came after news earlier this month of a ‘blowout’ third quarter for the U.S. economy and signs from Federal Reserve officials they will not be cutting the federal funds rate anytime soon. The benchmark…

© Shutterstock WalkMe earnings beat by $0.05, revenue fell short of estimates Investing.com – WalkMe (NASDAQ: ) reported third quarter EPS of $0.04, $0.05 better than the analyst estimate of $-0.01. Revenue for the quarter came in at $67M versus the consensus estimate of $67.14M. Guidance WalkMe sees Q4 2023 revenue of $67.00M-$68.00M versus the analyst consensus of $69.29M. WalkMe sees FY 2023 revenue of $266.10M-$267.10M versus the analyst consensus of $268.40M. WalkMe’s stock price closed at $9.71. It is up 8.13% in the last 3 months and up 7.53% in the last 12 months. WalkMe saw 7 positive EPS…

© Reuters. FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Tim McLaughlin (Reuters) – Chevron’s deal to buy Hess (NYSE:) will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according to the company and tax experts. The tax shield is a little-known advantage to Chevron (NYSE:)’s mega-takeover of Hess struck last month. The tax benefits are expected to provide the No. 2 U.S. oil and gas producer…