Dutch insurer Aegon raises capital generation target on US strength

Dutch insurer Aegon raises capital generation target on US strength

The head office of Dutch financial insurance company Aegon is seen in The Hague, October 28, 2008. Dutch insurer Aegon tapped into government funding on Tuesday, taking 3 billion euros ($3.7 billion) to strengthen its capital base eroded by investment losses and exposure to risky investments. REUTERS/Stringer/File Photo Acquire Licensing Rights Nov 16 (Reuters) – … Read more

Agrochemicals group Syngenta indicates $10 bln IPO likely next year

Agrochemicals group Syngenta indicates $10 bln IPO likely next year

A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights ZURICH, Nov 9 (Reuters) – Swiss agrochemicals company Syngenta said on Thursday it was still planning to complete its $10 billion flotation, but indicated weak financial markets made it more likely … Read more

EBay forecasts fourth-quarter results below estimates on weak consumer spending

EBay forecasts fourth-quarter results below estimates on weak consumer spending

The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Nov 7 (Reuters) – Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. San Jose, California-based eBay’s shares … Read more

Singapore’s bank DBS third-quarter net profit rises 18% on-year

Singapore’s bank DBS third-quarter net profit rises 18% on-year

SINGAPORE, Nov 6 (Reuters) – Singapore’s biggest bank DBS Group (DBSM.SI) reported on Monday a 18% jump in net profit in the third quarter from a year earlier as total income grew on higher interest margin and commercial book non-interest income. DBS, which is also Southeast Asia’s largest lender by assets, said July-September net profit … Read more

Estee Lauder, Canada Goose slash annual targets as China recovery falters

Estee Lauder, Canada Goose slash annual targets as China recovery falters

[1/2]An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing Rights Nov 1 (Reuters) – Estee Lauder (EL.N) and Canada Goose Holdings (GOOS.TO), on Wednesday cut their annual forecasts as the luxury goods companies grapple with weak demand in high-growth market China. Estee’s shares tumbled … Read more

AMD forecasts $2 billion sales of AI chips, helping shares rebound

AMD forecasts $2 billion sales of AI chips, helping shares rebound

A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 31 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia (NVDA.O) … Read more

Air Canada lifts profit forecast on international travel rebound

Air Canada lifts profit forecast on international travel rebound

Air Canada planes are parked at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Air Canada (AC.TO) expects 2023 core profit towards the higher range of its previous forecast, it said, after beating third-quarter profit estimates on strong international travel demand. North American … Read more

SK Hynix says AI boom will drive profits after Q3 loss narrows

SK Hynix says AI boom will drive profits after Q3 loss narrows

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix (000660.KS) said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in … Read more

Santander tops forecast as strong Europe offsets weaker US

Santander tops forecast as strong Europe offsets weaker US

A Santander company logo is pictured at the company’s headquarters in Boadilla del Monte, outside Madrid, Spain, February 2, 2023. REUTERS/Violeta Santos Moura Acquire Licensing Rights Q3 profit up 20% to 2.9 bln euros vs forecast 2.77 bln euros Net interest income up 11.6% y/y in Q3, above expectations Botin confident will meet 2023 targets, … Read more

Heineken holds forecast as sells less beer, but makes more money

Heineken holds forecast as sells less beer, but makes more money

Cans of Heineken Silver are seen on display at a supermarket in Amsterdam, Netherlands, April 20, 2023. REUTERS/Philip Blenkinsop/File photo Acquire Licensing Rights BRUSSELS, Oct 25 (Reuters) – Heineken retained its full-year outlook on Wednesday after the world’s second largest brewer sold less beer in the third quarter but still took in more money due … Read more