Earnings News

Journalists raise their hands to ask questions to China's Finance Minister Lou Jiwei at a news conference in Beijing

China's finance minister flags wider fiscal deficit as economy cools

By Koh Gui Qing and Judy Hua BEIJING (Reuters) - China will pursue an expansionary fiscal policy this year to prevent its economy from stalling, Finance Minister Lou Jiwei said on Friday as he assured investors that authorities are keeping an eye on heavily-indebted local governments. Asked how China would manage its rising debt levels as its economy loses steam, Lou said the country has to bala…

  • View of an aisle with shopping carts at Carrefour Planet supermarket in Nice Lingostiere
    Carrefour lifts capital spend as European … Reuters - 19 hours ago

    By Dominique Vidalon PARIS (Reuters) - Carrefour is stepping up its multi-billion euro investment in store improvements, hoping to cement a turnaround as yearly results … More »Carrefour lifts capital spend as European …

    View of an aisle with shopping carts at Carrefour Planet supermarket in Nice Lingostiere

    By Dominique Vidalon PARIS (Reuters) - Carrefour is stepping up its multi-billion euro investment in store improvements, hoping to cement a turnaround as yearly results showed it was already benefiting from signs of a recovery in consumer spending across Europe. "In Europe we are beginning to see signs of a recovery, …

  • Robert G. Card, president and chief executive officer of SNC-Lavalin, gestures as he addresses the media following their AGM in Montreal
    SNC-Lavalin boosts dividend, but profit … Reuters - 19 hours ago

    SNC-Lavalin Group Inc reported adjusted earnings that were little changed from a year earlier and raised its dividend, but forecast 2015 earnings below expectations, … More »SNC-Lavalin boosts dividend, but profit …

    Robert G. Card, president and chief executive officer of SNC-Lavalin, gestures as he addresses the media following their AGM in Montreal

    SNC-Lavalin Group Inc reported adjusted earnings that were little changed from a year earlier and raised its dividend, but forecast 2015 earnings below expectations, sending its shares lower. Shares in the Montreal-based engineering and construction firm's dropped 4.7 percent to C$37.70 on the Toronto Stock Exchange. …

  • Self-driving cars could generate billions … Reuters - Thu, 5 Mar, 2015

    By Paul Lienert DETROIT (Reuters) - Self-driving cars could generate billions of dollars a year in revenue from mobile internet services and products, even if occupants … More »Self-driving cars could generate billions …

    By Paul Lienert DETROIT (Reuters) - Self-driving cars could generate billions of dollars a year in revenue from mobile internet services and products, even if occupants spend only a fraction of their free time on the web, according to a new study by McKinsey & Company. In addition, the McKinsey study warns of several …

  • Israeli Prime Minister Netanyahu waves prior to addressing a joint meeting of Congress on Capitol Hill in Washington
    Despite Netanyahu claim, cheap oil not … Reuters - Wed, 4 Mar, 2015

    By Yeganeh Torbati WASHINGTON (Reuters) - When Israeli Prime Minister Benjamin Netanyahu urged the United States this week to take a tough line against Iran, he argued … More »Despite Netanyahu claim, cheap oil not …

    Israeli Prime Minister Netanyahu waves prior to addressing a joint meeting of Congress on Capitol Hill in Washington

    By Yeganeh Torbati WASHINGTON (Reuters) - When Israeli Prime Minister Benjamin Netanyahu urged the United States this week to take a tough line against Iran, he argued that world powers could always push for a better nuclear deal because the Islamic Republic was vulnerable to low oil prices. They noted that Iran has withstood …

  • Handmade goods website operator Etsy … Reuters - Wed, 4 Mar, 2015

    (Reuters) - Etsy Inc, which operates a website that sells handmade goods and craft supplies, filed with U.S. regulators on Wednesday for an initial public offering of … More »Handmade goods website operator Etsy …

    (Reuters) - Etsy Inc, which operates a website that sells handmade goods and craft supplies, filed with U.S. regulators on Wednesday for an initial public offering of common stock. Goldman Sachs & Co, Allen & Co LLC and Morgan Stanley are underwriting the IPO, Brooklyn, New York-based Etsy told the U.S Securities and Exchange …

  • Alberta Premier Jim Prentice meets with B.C Premier Christy Clark in Vancouver, British Columbia
    Premier of oil-rich Alberta says cuts … Reuters - Wed, 4 Mar, 2015

    The oil-rich Canadian province of Alberta will spend its C$6 billion ($4.79 billion) contingency fund in six months and risk its credit rating unless it moves quickly … More »Premier of oil-rich Alberta says cuts …

    Alberta Premier Jim Prentice meets with B.C Premier Christy Clark in Vancouver, British Columbia

    The oil-rich Canadian province of Alberta will spend its C$6 billion ($4.79 billion) contingency fund in six months and risk its credit rating unless it moves quickly to shore up its finances, Alberta Premier Jim Prentice said in an interview with the Globe and Mail newspaper. Alberta is the only Canadian province without …

  • A mountain dominates the skyline above Ranai, the largest town in Indonesia's remote Natuna archipelago
    Complex logistics await Lippo's … Reuters - Tue, 3 Mar, 2015

    By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) - Selling goods online may only rely on a few mouse clicks, but in Indonesia, delivering purchases to … More »Complex logistics await Lippo's …

    A mountain dominates the skyline above Ranai, the largest town in Indonesia's remote Natuna archipelago

    By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) - Selling goods online may only rely on a few mouse clicks, but in Indonesia, delivering purchases to dozens of islands via creaky ports and potholed roads is the logistical challenge Lippo Group faces when its department store opens in cyberspace this month. …

  • For STMicro, wireless business may be … Reuters - Tue, 3 Mar, 2015

    By Eric Auchard BARCELONA (Reuters) - STMicroelectronics said on Tuesday it expected a second year of growth in its wireless business in 2015, following years of losses, … More »For STMicro, wireless business may be …

    By Eric Auchard BARCELONA (Reuters) - STMicroelectronics said on Tuesday it expected a second year of growth in its wireless business in 2015, following years of losses, a resurgence that eventually could help Europe's largest semiconductor maker hit overall profit margin improvement goals. Speaking to financial analysts …

  • House prices: Calgary more affordable, Toronto and Vancouver pricier
    House prices: Calgary more affordable, … CBC - Tue, 3 Mar, 2015

    It's getting a easier to afford a home in Calgary and Regina, but housing is moving out of reach for many buyers in Toronto and Vancouver, according to research by RBC Economics. … More »House prices: Calgary more affordable, …

    House prices: Calgary more affordable, Toronto and Vancouver pricier

    It's getting a easier to afford a home in Calgary and Regina, but housing is moving out of reach for many buyers in Toronto and Vancouver, according to research by RBC Economics. The rate cut announced by the Bank of Canada in January helped make housing more affordable in most of Canada, because mortgage costs fell, according …

  • Snow covers the Scotiabank logo at the Bank of Nova Scotia headquarters in Toronto
    Scotiabank profit misses expectations, … Reuters - Tue, 3 Mar, 2015

    Bank of Nova Scotia posted a lower-than-expected quarterly profit on Tuesday, hurt by an increase in credit-loss provisions and higher expenses, sending its shares down … More »Scotiabank profit misses expectations, …

    Snow covers the Scotiabank logo at the Bank of Nova Scotia headquarters in Toronto

    Bank of Nova Scotia posted a lower-than-expected quarterly profit on Tuesday, hurt by an increase in credit-loss provisions and higher expenses, sending its shares down about 1.6 percent. Scotiabank’s provisions for credit losses jumped 30 percent to C$463 million ($369.8 million) in its first quarter, ended Jan. 31, …

  • Indian taxi group Ola steps up expansion … Reuters - Tue, 3 Mar, 2015

    By Nivedita Bhattacharjee MUMBAI (Reuters) - Ola, India's largest online taxi business, will more than double its reach by expanding into 200 cities after this week's … More »Indian taxi group Ola steps up expansion …

    By Nivedita Bhattacharjee MUMBAI (Reuters) - Ola, India's largest online taxi business, will more than double its reach by expanding into 200 cities after this week's acquisition of rival TaxiForSure handed it control of more than 80 percent of the country's organized cab market. The company aims to capitalize on India's …

  • A hostess displays the Huawei Watch during the Mobile World Congress in Barcelona
    Exclusive: Huawei plans big push to … Reuters - Tue, 3 Mar, 2015

    By Edwin Chan and Gerry Shih SAN FRANCISCO/BEIJING (Reuters) - Two years after U.S. legislators branded it a national security threat, China's Huawei Technologies Co … More »Exclusive: Huawei plans big push to …

    A hostess displays the Huawei Watch during the Mobile World Congress in Barcelona

    By Edwin Chan and Gerry Shih SAN FRANCISCO/BEIJING (Reuters) - Two years after U.S. legislators branded it a national security threat, China's Huawei Technologies Co Ltd is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort. China's second-largest …

  • A hostess shows off the new Blackberry Leap smarphone during the Mobile World Congress in Barcelona
    BlackBerry unveils new mid-market Leap … Reuters - Tue, 3 Mar, 2015

    By Harro Ten Wolde and Euan Rocha BARCELONA/TORONTO (Reuters) - BlackBerry unveiled a new mid-market smartphone on Tuesday dubbed the BlackBerry Leap that is set to … More »BlackBerry unveils new mid-market Leap …

    A hostess shows off the new Blackberry Leap smarphone during the Mobile World Congress in Barcelona

    By Harro Ten Wolde and Euan Rocha BARCELONA/TORONTO (Reuters) - BlackBerry unveiled a new mid-market smartphone on Tuesday dubbed the BlackBerry Leap that is set to replace the Z3 device launched a year ago, in a move to woo buyers in certain emerging markets where BlackBerry still has a fairly large client base. The …

  • Shoes.com CEO Roger Hardy is seen in this undated handout photo
    Canada's Hardy Capital sees online … Reuters - Mon, 2 Mar, 2015

    By John Tilak TORONTO (Reuters) - Canadian entrepreneur and venture capitalist Roger Hardy said on Monday he is looking to take an online shoe retailing company public … More »Canada's Hardy Capital sees online …

    Shoes.com CEO Roger Hardy is seen in this undated handout photo

    By John Tilak TORONTO (Reuters) - Canadian entrepreneur and venture capitalist Roger Hardy said on Monday he is looking to take an online shoe retailing company public this year to tap investor appetite for e-commerce businesses. Hardy told Reuters by phone that he expects the company, which will be called Shoes.com Technologies …

  • Bell to appeal CRTC ruling that allows … CBC - Mon, 2 Mar, 2015

    Bell will appeal a CRTC ruling that would force Canadian television networks to stop switching out American ads during the Super Bowl in favour of Canadian ones. In … More »Bell to appeal CRTC ruling that allows …

    Bell will appeal a CRTC ruling that would force Canadian television networks to stop switching out American ads during the Super Bowl in favour of Canadian ones. In its decision Jan. 29, the CRTC said that while Canadians have long complained about simsub, the practice is important for Canadian broadcasters, because they …

  • Formula One commercial supremo Bernie Ecclestone arrives at the Yas Marina circuit before the start of the Abu Dhabi Grand Prix

    By Alan Baldwin LONDON (Reuters) - Formula One supremo Bernie Ecclestone has offered advance revenue payments to Sauber, Force India and Lotus to help with cash-flow problems ahead of the new season starting in Australia next week. "Bernie understands we've had these challenges over the winter because the (team) suppliers …

  • The logo of Freescale Semiconductor Inc is seen at the entrance of the plant in Toulouse

    By Nadia Damouni and Suzanne Barlyn NEW YORK (Reuters) - Chip maker NXP Semiconductors NV has agreed to buy smaller peer Freescale Semiconductor Ltd and merge operations in a deal valuing the combined company at over $40 billion. The transaction is the clearest sign yet that semiconductor companies are regaining the confidence …