Snap-On misses quarterly sales estimates on lower tool demand
(Reuters) – Snap-On posted a lower-than-expected third-quarter sales on Thursday, as inflationary pressures weighed on demand in the tools segment.…
Category: Economy
U.S. regulators fine Piper Sandler $16 million for record-keeping failures
(Reuters) – Piper Sandler has agreed to pay a total of $16 million as a civil penalty to U.S. regulators…
World Bank approves $1 billion in financing for Ethiopia
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the…
Nigeria’s president asks lawmakers to approve extra $4 billion in spending
By Camillus Eboh ABUJA (Reuters) -Nigeria’s President Bola Tinubu has asked the Senate to approve an additional spending of 6.2…
Sri Lanka reaches provisional deal on $12.5 billion bond rework
By Pushkala Aripaka and Uditha Jayasinghe (Reuters) – Sri Lanka has secured a deal to move forward on restructuring about…
Saudi Arabia’s net foreign direct investment rises 5.6% in first quarter
DUBAI (Reuters) – Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion)…
Prabowo adviser denies plans to raise Indonesia’s debt to 50% of GDP
By Gayatri Suroyo and Kate Lamb JAKARTA (Reuters) – Indonesia’s President-elect Prabowo Subianto has no plans to boost the country’s…
Craft retailer Joann approved to exit bankruptcy, slash $505 million debt
By Dietrich Knauth NEW YORK (Reuters) – Craft retailer Joann Inc received a U.S. bankruptcy judge’s approval on Thursday for…
Tech shares drag TSX lower for second straight day
By Purvi Agarwal and Fergal Smith (Reuters) -Canada’s main index ended lower on Tuesday as losses for the technology sector…
US launches antitrust investigation into UnitedHealth, WSJ reports
(Reuters) -The U.S. Department of Justice has launched an antitrust investigation into UnitedHealth Group, the Wall Street Journal reported on…