Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024. Emin Sansar | Anadolu | Getty ImagesTurkey's newly appointed central bank governor Fatih Karahan has his work cut out for him, named to the job by presidential decree over the weekend after...
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday.The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38...
Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, November 21, 2023. Victoria Klesty | ReutersNovo Nordisk's parent company on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal that could help boost the supply of the highly...
Check out the companies making headlines before the bell: Estee Lauder — The cosmetics stock jumped 15% after Estee Lauder beat expectations with its latest results. In its second quarter, Estee Lauder reported adjusted earnings of 88 cents per share, topping the FactSet consensus estimate of 54 cents per...
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019.Krisztian Bocsi | Bloomberg via Getty ImagesDelivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and...
President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023.Dominika Zarzycka | Nurphoto | Getty ImagesIn January, Turkish inflation logged its biggest monthly jump since August with a 6.7%...
Andrea Orcel, chief executive officer of UniCredit.Bloomberg | Bloomberg | Getty ImagesUniCredit on Monday pledged to match in 2024 the previous year's result despite the negative economic backdrop, as it posted a much higher than expected 2023 profit and said it would return it all to shareholders.Net income in...
Visitors are attending a New Year event held by McDonald's in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty ImagesMcDonald's is expected to report its fourth-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share:...