FILE PHOTO: Shoppers wearing face masks are pictured in the parking of a Walmart Superstore during the outbreak of the coronavirus disease (COVID-19), in Rosemead, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni/File Photo (Reuters) – Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth since the start of the coronavirus crisis, when […]
Read moreEli Lilly and Co. (LLY) said Wednesday that Tirzepatide significantly reduced A1C and body weight from baseline in adults with type 2 diabetes in the company’s SURPASS-3 and SURPASS-5 phase 3 clinical trials after 52 weeks and 40 weeks, respectively. Tirzepatide is a novel investigational once-weekly dual glucose-dependent insulinotropic polypeptide (GIP) and GLP-1 receptor agonist that integrates the actions of […]
Read more
MILAN (Reuters) – The rally in stock markets stalled on Wednesday as a surge in U.S. Treasury yields on optimism about a swift economic recovery put pressure on pricey company valuations.FILE PHOTO: Investors stand in front of an electronic board showing stock information on the first trading day after the week-long Lunar New Year holiday at a brokerage house in […]
Read more
Slideshow ( 2 images )(Reuters) – Hilton Worldwide Holdings Inc on Wednesday posted a surprise quarterly loss as bookings took a hit from a resurgence in COVID-19 cases and renewed travel curbs, sending shares of the U.S. hotel operator down 2.3% in premarket trading. Although occupancy rates have bounced back from April 2020 lows thanks to a relative easing of […]
Read more
ROME (Reuters) – Prime Minister Mario Draghi on Wednesday promised sweeping reforms to help rebuild Italy following the coronavirus pandemic, as he set out his priorities ahead of a mandatory confidence vote in his government.FILE PHOTO: Newly installed Italian Prime Minister Mario Draghi arrives at the upper house of parliament in Rome, Italy, February 17, 2021. REUTERS/Remo CasilliDraghi, the former […]
Read more
FILE PHOTO: Letters spell the word “Alphabet” as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France, August 11, 2015. REUTERS/Pascal RossignolBRUSSELS (Reuters) – Google is teaming up with the European Investment Fund (EIF) and two other organisations in Latin America and Asia to provide $75 million in funding […]
Read moreLUSAKA (Reuters) – Zambia has scaled back, postponed or cancelled projects to reduce the southern African copper producer’s debt exposure as it holds talks to secure a programme from the International Monetary Fund (IMF), the central bank governor said on Wednesday. Zambia, which became Africa’s first pandemic-era sovereign default late last year, began discussions with the IMF last week and […]
Read moreHow bullish should investors be in 2021? A ‘Making Money’ panel weighs in on the markets, earnings, bitcoin and what investors should expect in 2021. U.S. equity futures are trading cautiously heading into the Wednesday Wall Street session. Continue Reading Below The major futures indexes are little changed. The recent rally was driven by hopes economies will gradually return to a pre-pandemic […]
Read more(Adds quotes, detail) OSLO, Feb 17 (Reuters) – Oil and gas firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, a national statistics office (SSB) survey showed on Wednesday. The biggest sector in Norway now expects to invest 173.6 billion Norwegian crowns […]
Read more