Business
Greece's economy to grow by 2.1% in 2024 - think tank ΙΟΒΕ
ATHENS (Reuters) - Greece's economy will grow by 2.1% (pvs forecast 2.4%) this year under a baseline scenario, the country's influential think-tank IOBE said on Tuesday, downwardly revising its previous estimate in January. The new projection is ...
Halliburton beats Q1 profit on growing international strength
(Reuters) - Halliburton beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America. The Houston, Texas-based company posted an adjusted ...
RTX profit jumps 20% on aviation strength, military demand
By Pratyush Thakur and Mike Stone (Reuters) - Aerospace and defense major RTX on Tuesday reported a 20% jump in its first-quarter profit, helped by robust commercial aftermarket business and military equipment demand. The Arlington, ...
General Motors beats quarterly results targets, raises forecast
By Nora Eckert DETROIT (Reuters) - General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles. The Michigan automaker upped its ...
Goldman and BofA face renewed calls to split CEO, chairman's roles
By Saeed Azhar and Ross Kerber NEW YORK/BOSTON (Reuters) - Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to ...
NatWest CEO sees 'material opportunities' in AI
LONDON (Reuters) - Britain's NatWest has identified more than 100 priority areas where Artificial Intelligence (AI) can be used to simplify the bank and boost efficiency following a bank-wide review, Chief Executive Paul Thwaite said on Tuesday. ...
Exclusive-China turns the heat up on cross-border investments in local govt debt, sources say
By Xie Yu HONG KONG (Reuters) - Chinese regulators are inspecting the use of a cross-border mechanism to invest in debt-laden local governments' offshore bonds, two sources said, indicating a ramping up of efforts to contain financial risks in a ...
Silicon Valley and Hollywood worlds collide as David Ellison bids for Paramount
By Dawn Chmielewski (Reuters) - David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of ...
GE Aerospace lifts 2024 profit forecast on strong sales of engine parts, services
(Reuters) - GE Aerospace on Tuesday raised its full-year profit forecast on strong demand for jet-engine parts and services as carriers keep their older planes in the air to tide over a shortage of new commercial aircraft. The company now expects ...
Trump poised to clinch $1.3 billion social media company stock award
By Echo Wang (Reuters) - Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the ...