Cipla Tops Q2 Profit View on Solid Domestic, N.America Sales

BENGALURU, Oct 27 Reuters Cipla, India39;s thirdlargest generic drugmaker by sales, posted a biggerthanexpected rise in secondquarter profit on Friday, boosted by strength in its key domestic and North American business. The company39;s consolidated net profit climbed 43.4 to 11.31 billion rupees 135.90 million in the quarter ended Sept. 30, beating analysts39; average estimate of […]
Read More

ECB MRR Unchanged at 4.5, U.S. Economy Beats GDP Expectations, Crude Moves Higher, Gold Stable, U.S. Stocks Settle Lower

PREVIOUS TRADING DAY EVENTS 26 Oct 2023 The European Central Bank ECB left interest rates unchanged as expected on Thursday, ending an unprecedented streak of 10 consecutive rate hikes. The ECB promised a pause last month as recordhigh borrowing costs had a heavy effect on business conditions and the economy in that region. Inflation is […]
Read More

Spains Q3 GDP Expands 0.3 from Previous Quarter

MADRID, Oct 27 Spain39;s economy expanded 0.3 in the third quarter from the previous threemonth period, preliminary data from the National Statistics Institute showed on Friday, slowing from the revised growth of 0.4 notched in the previous three months. Analysts polled by Reuters had expected gross domestic product to grow 0.2 quarteronquarter. On an annual […]
Read More

Ford again Warns on EV Results, Withdraws 2023 Forecast

DETROIT, Reuters Ford Motor on Thursday withdrew its fullyear results forecast due to uncertainty over the pending ratification of its deal with the United Auto Workers UAW union, and warned of continued pressure on electric vehicles, sending shares of the company down more than 4 afterhours. The union and Ford on Wednesday reached a tentative agreement that included a […]
Read More

Air China Shares Soar on Reporting Q1 Profit Since Pandemic

BEIJING, Oct 27 Reuters Air China39;s Hong Konglisted shares rose almost 6 on Friday, their biggest jump in four months, after the flagship carrier reported its first quarterly profit in nearly four years. Air China booked thirdquarter net profit of 4.24 billion yuan 579.48 million after market close on Thursday, versus a loss of 600 million […]
Read More