Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong, China.Xaume Olleros | Bloomberg | Getty ImagesLONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low...
Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany.Getty ImagesSiemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts, but expects a slowdown in 2024.The German industrial...
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022.Wolfgang Rattay | ReutersSiemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year.The German economy ministry announced late...
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023.Evelyn Hockstein | ReutersUBS expects the U.S. Federal Reserve to cut interest rates...
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023.Brendan McDermid | ReutersThe world's major central banks paused their interest...
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit.The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations....
Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023. Israel Defense Forces | ReutersThe Israel-Hamas war could have...
Aston Martin DBS Superleggera(c) Paul A. Eisenstein | TheDetroitBureauShares of Aston Martin were down by 11% at 10:01 a.m. London time Wednesday morning, slightly paring losses incurred after the British luxury carmaker cut its volume target due to production problems for its new DB12 model and posted a bigger-than-expected...
LONDON — Barclays shares retreated on Tuesday as investors assessed the prospect of cost-cutting charges, pressure on domestic interest margins and weak performance in formerly strong divisions.The bank reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in...
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.The German sportswear giant, in a surprise preliminary estimates release, projected a full-year operating...