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Estee Lauder Slashes FY23 Earnings Outlook - Update
While reporting financial results for the second quarter on Thursday, Estee Lauder Cos., Inc. (EL) slashed its earnings and adjusted earnings guidance for the full-year 2023 and provided outlook for the third quarter, well below estimates.
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Material Shortages In German Factories Ease In January : Ifo
German manufacturing companies reported an ease in material shortages at the start of the year, but the decline may not be strong enough to cope with the expected winter recession, survey results from the Munich-based ifo Institute showed on Thursday. In January, 48.4 percent of German manufacturing companies witnessed material shortages compared to 50.7 percent in December.
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Bay Street Likely To Open On Positive Note
Canadian shares look headed for a positive start Thursday morning, tracking higher bullion prices, and dovish comments from the Federal Reserve.
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Ferrari Q4 Net Profit Rises 3%; Initiates FY23 Outlook
Italian luxury sports carmaker Ferrari N.V. (RACE) reported Thursday that its net profit for the fourth quarter increased to 221 million euros or 1.21 euros per share from 214 million euros or 1.16 euros per share in the prior-year quarter.
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Bristol-Myers Squibb Guides FY23 Adj. EPS In Line; Q4 Results Top Estimates
While reporting financial results for the fourth quarter on Thursday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) provided earnings, adjusted earnings and revenue guidance for the full-year 2023.
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Swiss Consumer Confidence Improves Sharply On Stronger Expectations
Consumer sentiment in Switzerland sharply improved in the January quarter to top economists' expectations, driven by significantly less pessimism among households' regarding their own and the national economic situation in the coming months, survey data from the State Secretariat For Economic Affairs, or SECO, showed Thursday. The consumer confidence index climbed to -30 from -47 in the October.
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Quest Diagnostics Guides FY23 Adj. EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Thursday, Quest Diagnostics Inc. (DGX) initiated its earnings, adjusted earnings and revenue guidance for the full-year 2023.
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more news
Pound Rebounds After BoE Decision
As expected, the Bank of England raised its key rate by 50 basis points to 4 percent from 3.50 percent. Following the decision, the pound recovered against its major counterparts.
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Becton, Dickinson Boosts FY23 Outlook - Update
While reporting financial results for the first quarter on Thursday, medical technology company Becton, Dickinson and Co. or BD (BDX) raised its adjusted earnings and revenue outlook for fiscal 2023.
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Pound Falls Sharply Ahead Of BoE Decision
The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday.The BoE is widely expected to raise its key rate by 50 basis points to 4 percent from 3.50 percent.
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Spain Tourist Arrivals Rise 39.9%
Spain's visitor arrivals increased at a faster pace in December amid a recovery in domestic tourism from the pandemic related woes and due to the year-end holidays, data from the statistical office INE showed on Thursday. Tourist arrivals climbed 39.9 percent year-on-year after a 29.2 percent rise in November. For the full year 2022, arrivals increased 129.5 percent to 71.6 million.
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TIM Group Announces Non-binding Offer From KKR For Stake In Company
TIM Group (TIAOF.PK, TI) announced Thursday that it has received a non-binding offer from KKR & Co., Inc. (KKR) for the purchase of a stake in a company to be set up that matches with the fixed-line network management and infrastructure perimeter, including FiberCop's assets and activities, as well as the stake in Sparkle, known as Netco.
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Spain Unemployment Lowest In 15 Years
Spain reported a sharp growth in the number of jobless in January, reflecting the usual trend of rising unemployment at the start of the year, but the overall total of those without jobs was the lowest for the month since 2008. The number of registered unemployed increased by 70,744 persons from December, data from the labor ministry showed Thursday.
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