Author: Press Room
© Reuters. Several Indian companies including Hindustan Unilever (LON:), Tech Mahindra, Kajaria Ceramics, and Laurus Labs declared dividends on Thursday, despite witnessing a decline in their net profits due to subdued demand and higher expenses. Tech Mahindra also saw its earnings margins contract to 4.7%. On the same day, these companies began trading ex-dividend as per the National Stock Exchange (NSE). Hindustan Unilever declared a dividend of Rs 18/share (face value Re 1), with November 2 as the record date and November 16 as the payment date. Tech Mahindra announced a Rs 12/share dividend (face value Rs 5), a substantial…
© Reuters. Investing.com– Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite. The , as widely expected, on Wednesday. But comments from Fed Chair Jerome Powell saw markets pricing in a diminished chance of any more rate hikes, especially as the Fed chair acknowledged that financial conditions had tightened substantially in recent months. showed that traders were pricing in an 80% chance of a rate pause in December, and that the Fed will…
Teekay Tankers declares $0.25 dividend
Representative Ken Buck, a conservative Colorado Republican who played a central role in ousting Kevin McCarthy from the speakership, said he will not seek re-election next year, citing his party’s election denialism and many members’ refusal to condemn the Jan. 6. 2021, assault on the Capitol.Mr. Buck, serving his fifth term from a sprawling district east of Denver after a career as a prosecutor, said he had decided to step aside because his differences with the contemporary Republican Party had grown too great to continue serving in its ranks. He condemned his party’s reluctance to take on big issues and…
Q3 net sales from continuing operations fell 0.6% year-over-year to $171.3 million. Sales from its Digestive Health franchise grew by 10.6% to $95.0 million on […]
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The annihilation of delivery start-ups aids the prospects of those left standing. Companies promising to have orders on customer doorsteps in a matter of minutes have closed. DoorDash chief executive Tony Xu has taken the opportunity to grow. Acquisitions like the $45mn purchase of Wolt, a Finnish delivery start-up, lift order volumes. DoorDash has expanded overseas and added convenience and grocery store items as well as advertising to the core US restaurant delivery business. Speaking to investors on Wednesday, Xu said the company…
2/2 © Reuters. FILE PHOTO: A cyclist passes the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo/File Photo 2/2 By Davide Barbuscia and David Randall NEW YORK (Reuters) – Wall Street’s bond investors received a much-needed shot in the arm on Wednesday, thanks to smaller-than-expected government borrowing from the Treasury and signs that the Federal Reserve may be closer to wrapping up its monetary policy tightening. The Fed left rates unchanged for the second straight meeting and Fed Chair Jerome Powell nodded to positive developments in bringing down inflation at the end of the central…
© Reuters. Zurich Insurance Group (OTC:) has announced a $488 million acquisition for a 51% stake in Kotak Mahindra General Insurance Company Limited, marking the largest foreign insurer investment in India since the regulatory changes of 2021. The acquisition, led by Tulsi Naidu, CEO of Asia Pacific for Zurich, will be made through a combination of fresh growth capital and share purchases. Today, the companies confirmed that they have reached definitive agreements on the terms of Zurich’s investment strategies. As part of the agreement, Zurich plans to increase its stake by an additional 19% over time. This strategic alliance between…
i-80 Gold Non-GAAP EPS of -$0.09, revenue of $13.22M misses by $1.78M
Embattled Rep. George Santos, R-N.Y., escaped being expelled from the House of Representatives Wednesday night after a group of his fellow New York Republicans spearheaded an effort to boot him.The final vote fell 213-179 against expelling Santos, with 19 lawmakers voting “present.” Expelling a member of the House, something that is historically rare, requires a vote of two-thirds of all members present. Two dozen Republicans voted to expel Santos, while 31 Democrats voted to keep him in the House.”There’s more Democrats in this body that believe in the rule of law than there are Republicans. That’s what you should know,” Santos…