GE Raises 2023 Profit Forecast Yet again on Aviation Boom

Oct 24 Reuters General Electric on Tuesday raised its fullyear profit forecast for a third time this year after quarterly earnings topped Wall Street estimates on robust demand for jet engine parts and services and a better performance in its renewable business. GE shares were up 6 at 113.14 in premarket hours. The Bostonbased group now […]
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Halliburton Profit Jumps 32 on Higher Global Drilling Demand

Oct 24 Reuters Halliburton reported a 32 rise in thirdquarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. Oil and gas companies, who rely on service providers for drilling, well construction and completion services, are reinvesting record profits from the market disruption caused by Russia39;s invasion of Ukraine […]
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Nidec Shares Log Biggest Tumble in 15 Years on China Chill

Shares sink 10.5, wiping about 2.7 bln off market value Expects 100 mln FY loss at eaxle business vs profit seen previously Leaves FY profit outlook unchanged vs slight rise expected by analysts Chairman says China market increasingly tough in terms of price competition TOKYO, Oct 24 Reuters Shares of Japan39;s Nidec logged their biggest […]
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Sterling Edges Up, Grim Data Not as Bad as Euro Zone Survey

LONDON, Oct 24 Reuters The pound edged up against the euro on Tuesday, shaking off data that showed the UK labour market lost more steam in August and business activity deteriorated this month as an economic survey for the euro zone was even worse. Britain39;s unemployment rate held steady at 4.2 under a new calculation that accounts […]
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Stocks Steady, Heavy Data Week Keeps Investors Wary

LONDON, Oct 24 Reuters Global stocks steadied on Tuesday as a flicker of investor risk appetite lifted equities and commodities, although trading was cautious given the war in the Middle East and looming makeorbreak data for the outlook for U.S. interest rates. Oil recovered some of the previous day39;s losses as markets worried that the IsraelHamas […]
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Gulf Bourses Mixed ahead of US Data amid Mideast Woes

Oct 24 Reuters Stock markets in the Gulf ended mixed on Tuesday ahead of U.S. economic data expected to offer clues to the next steps by the Federal Reserve, while widening conflict in the region weighed on sentiments. The U.S. Commerce Department will announce thirdquarter gross domestic product on Thursday, while the Personal Consumption Expenditures […]
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