Hilton Worldwide Holdings Inc. shares HLT, -1.61% jumped 4% premarket Wednesday, after the hotel chain blew past estimates for the second quarter. The company posted net income of $368 million, Read more
Tag: raises
GSK second quarter profit dips to $1.3 billion but raises outlook for rest of year
GSK PLC GSK, +0.17% said Wednesday that its second quarter operating profit fell from the previous year though sales grew, and raised its outlook for 2022. The British pharmaceutical major Read more
BASF raises full-year sales and profit guidance
BASF SE BAS, -0.25% on Wednesday raised its full-year sales and earnings guidance based on a positive performance in the first half and assuming there are no new lockdowns in Read more
EU Raises Eurozone Inflation Forecasts, Cuts Growth Outlook Due to Ukraine War
By Maria Martinez The European Commission has raised its inflation forecasts for the eurozone considerably and has slashed its 2023 growth forecast for the bloc as Russia’s war against Ukraine Read more
Philippines Central Bank Raises Policy Rate to Help Limit Inflation
By Kosaku Narioka The Philippine central bank unexpectedly raised its benchmark interest rate in a bid to help contain inflation. The Bangko Sentral ng Pilipinas on Thursday increased its benchmark Read more
New Zealand’s central bank raises rate by half-percentage point for third straight meeting
WELLINGTON, New Zealand — New Zealand’s central bank raised its benchmark interest rate by 50 basis points for a third consecutive meeting Wednesday, as it tries to dampen decades-high inflation, Read more
Bank of Korea raises benchmark rate by half-percentage point
South Korea’s central bank has announced its first-ever half-percentage-point rate increase, joining the aggressive policy tightening by the U.S. Federal Reserve and other central banks to tackle high inflation. Analysts Read more
Klarna raises $800 million in financing at $6.7 billion valuation, down sharply from $45.6 billion in June 2021
Klarna Bank AB said Monday it has raised $800 million in financing at a valuation of $6.7 billion. The Swedish buy-now-pay-later payments provider said it has not been immune to Read more
Inflation is killing the pay raises older workers get
Workers of all ages are getting pay raises — a huge relief for those worried about their everyday bills getting more expensive these days — but older employees’ increases can’t Read more
‘We shouldn’t have to be doing this’: North Dakota’s only abortion clinic has one month to pack up and move to Minnesota — but raises $815,000 on GoFundMe
After 21 years at its current location in downtown Fargo, N.D., Red River Women’s Clinic will be moving to Moorhead, Minn. The new location is a 15-minute drive away across Read more