(Reuters) – Abercrombie & Fitch Co on Wednesday reported a 41.5% drop in quarterly profit, as higher labor costs and inflationary pressures squeezed margins. The company’s net income attributable to Abercrombie fell to $38.3 million, or 75 cents per share, in the fourth quarter, from $65.5 million, or $1.12 per share, a year earlier. (Reporting …
Abercrombie & Fitch posts a fall in quarterly profit Read More »
By Siddhi Nayak and Chris Thomas MUMBAI (Reuters) -Indian private lender Axis Bank Ltd said on Wednesday it completed a deal to buy Citigroup Inc’s local consumer and non-banking finance businesses, marking the U.S. lender’s exit from its credit card and retail businesses in the country. The deal was closed at a slightly lower sum …
Axis Bank closes Citi India deal at lowered price of $1.41 billion Read More »
SANTIAGO (Reuters) – Chile’s economic activity in January beat market forecasts and put an end to a negative string of four consecutive monthly drops, with improved mining results helping the world’s largest copper producer start the year in a positive tone. The local IMACEC index, a close proxy of gross domestic product (GDP), rose 0.4% …
Chile’s economic activity starts 2023 on a positive note Read More »
By Paul Sandle LONDON (Reuters) -Britain provisionally cleared satellite company Viasat’s buyout of rival Inmarsat on Wednesday, saying the $7.3 billion deal would not substantially reduce competition in the supply of wifi on commercial flights. The Competition and Markets Authority (CMA) said that while the two companies competed to provide airlines with in-flight broadband, the …
UK clears Viasat’s multi-billion-dollar buyout of satellite rival Read More »
Por Emma Pinedo MADRID, 1 mar (Reuters) – El ministro de Agricultura español dijo el miércoles que la mala planificación británica y los problemas causados por el Brexit, así como el frío, son las principales razones de la escasez de productos para ensaladas en el Reino Unido. Las cadenas de supermercados británicas, entre ellas Tesco, …
WASHINGTON, 1 mar (Reuters) – El FBI evaluó que una fuga de un laboratorio en la ciudad central china de Wuhan probablemente causó la pandemia de COVID, dijo el director Christopher Wray, una afirmación que China dijo que “no tenía credibilidad alguna”. “Desde hace tiempo, el FBI considera que el origen de la pandemia se …
By Emma Pinedo MADRID (Reuters) – Spain’s agriculture minister said on Wednesday that bad planning by Britain and problems caused by Brexit as well as cold weather were the main reasons behind a shortage of salad items there. British supermarket chains including Tesco have imposed limits on customer purchases of tomatoes, cucumbers and peppers after …
Cold weather, bad planning to blame for UK salad crisis, Spain says Read More »
BARCELONA, 1 mar (Reuters) -Cellnex, el mayor operador europeo de torres de telefonía móvil, espera obtener beneficios en tres o cuatro años, después de que la empresa haya dejado de expandirse mediante adquisiciones para centrarse en la reducción de la deuda. El grupo publicó el miércoles una pérdida neta de 297 millones de euros (314,49 …
Cellnex espera registrar beneficios dentro de tres o cuatro años Read More »
(Reuters) -Caterpillar Inc said on Wednesday it had reached a tentative agreement with a union that represents workers at four of its facilities, dodging a possible walkout at a time when companies across the United States are dealing with widespread labor shortages. The construction equipment maker’s new six-year agreement, which needs to be put to …
Caterpillar reaches tentative deal with union, averting possible strike Read More »
By David Shepardson WASHINGTON (Reuters) -The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications in late June for …
Biden to require chips companies winning subsidies to share excess profits Read More »
