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Heineken Shares Slide on 2024 Outlook

LONDON, Feb 14 Reuters Dutch brewer Heineken39;s 2024 profit could fall significantly below analyst estimates owing to geopolitical and economic volatility, it said on Wednesday, sending its shares down as much as 6.5. Analysts on average expect the world39;s secondlargest brewer to achieve 9.9 organic operating profit growth over the coming year, helped by decreasing costs […]
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Weak Tractor Sales Weigh on Mahindra Mahindras Q3 Results

BENGALURU, Feb 14 Reuters Indian automaker Mahindra and Mahindra posted a smallerthanexpected rise in thirdquarter profit on Wednesday as weak demand for its profitboosting tractors offset sport utility vehicle SUV sales. The 39;Scorpio39; SUVmaker39;s standalone profit after tax rose 60.6 to 24.54 billion rupees 295 million in the three months to Dec. 31, missing analysts39; estimate […]
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Rupee Supported by Speculators after Slipping at Open

MUMBAI, Feb 14 Reuters The Indian rupee on Wednesday managed to receive support from speculators after opening weaker following the hotterthanexpected U.S. inflation data. The rupee was at 83.0850 to the U.S. dollar at 1042 a.m. IST compared with 83.0025 in the previous session. The local currency opened at 83.1050 after U.S. consumer prices rose […]
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Dollar Reigns as Hot Inflation Cools Fed Cut Bets

TOKYO, Feb 14 Reuters The dollar traded near threemonth highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight. The U.S. currency39;s push above 150 yen for the first time since Nov. 17 spurred Japan39;s top currency diplomat to hint at […]
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JetBlue Shares Soar after Icahn Takes 10 Stake in Airline

Feb 13 Reuters Shares of JetBlue Airways surged on Tuesday after activist investor Carl Icahn said he took a stake of nearly 10 in the lowcost carrier. JetBlue39;s shares were up 14.7 in late morning after Icahn said his company had been in discussion with the airline about possible board representation. Icahn, in a filing, called shares of […]
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NYCB Shares Drop as Rate Worries Add to CRE Exposure Risk

Feb 13 Reuters New York Community Bancorp shares fell nearly 4 after inflation data on Tuesday on investor worries that delays to interestrate cuts could worsen the bank39;s woes from its exposure to stressed U.S. commercial real estate CRE sector. Consumer price index CPI increased 0.3 in January compared to the 0.2 that economists polled by […]
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