Reuters USA

By Manya Saini and Niket Nishant (Reuters) – U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid spending on luxury and big-ticket items. Revenues at Visa Inc, Mastercard Inc and American Express Co are expected to be up 9%, 11% and 15%, …

U.S. card firms’ growth to moderate as luxury buying falters Read More »

By Eva Mathews and Samrhitha A (Reuters) -Verizon Communications Inc forecast annual profit below expectations on Tuesday, as the pandemic-led boom in wireless customer growth fizzles out and the company makes heavy investments in 5G technology. Verizon, once an industry leader in postpaid customers, lost subscribers last year to its fast-growing rivals AT&T Inc and …

Verizon forecasts profit below estimates on wireless slowdown, 5G costs Read More »

By Arunima Kumar and Liz Hampton (Reuters) -U.S. oilfield services firm Halliburton Co on Tuesday topped Wall Street profit estimates for its fourth quarter and said its shale oil-well fracking equipment remains fully booked with oil prices driving increased drilling. The largest provider of hydraulic fracking services used to complete shale oil and gas wells …

Halliburton tops Wall Street estimates as equipment remains fully booked Read More »

NEW YORK (Reuters) – Investors looking to cash out of non-traded U.S. real estate income trusts (REITs) have pushed redemptions to an all-time high, forcing private equity firms to impose curbs to block withdrawals. Blackstone Inc, Starwood Capital Group and KKR & Co Inc have announced that they would stop investors from redeeming their investments …

Factbox-Redemption wave hits private REITs amid valuation jitters Read More »

NEW YORK (Reuters) – U.S. business activity contracted for the seventh straight month in January, though the downturn moderated across both the manufacturing and services sectors for the first time since September and business confidence strengthened as the new year began. At the same time, however, a survey from S&P Global out Tuesday showed price …

U.S. business activity still soft in early 2023, but outlook perks up Read More »

By Seun Sanni LAGOS (Reuters) – Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations. President Muhammadu Buhari has made building infrastructure a key pillar of his …

Nigeria opens ‘game changer’ billion-dollar deep seaport Read More »

LOS ANGELES (Reuters) – The Academy of Motion Picture Arts and Sciences announced nominations on Tuesday for the 95th Academy Awards. Winners will be revealed in Hollywood on March 12 in Los Angeles. The following is a list of nominees in leading categories. BEST PICTURE “All Quiet on the Western Front” “Avatar: The Way of …

Factbox-Oscar nominations 2023: nominees for 95th Academy Awards Read More »

(Reuters) – Canada’s main stock index fell at the open on Tuesday, as energy and consumer discretionary stocks dragged the index lower while investors eyed U.S. business activity data to gauge the impact of the Federal Reserve’s aggressive monetary policy. At 9:31 a.m. ET (1431 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down …

Energy, consumer discretionary pull TSX down at the start Read More »

By Liz Hampton (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset purchases. The decline comes as large companies with strong balance …

U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report Read More »