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Toolmaker W.W. Grainger quarterly revenue rises on industrial demand

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Industrial parts provider W.W. Grainger reported a 3.4% increase in first-quarter revenue on Thursday, helped by demand from its U.S. industrial clients for maintenance and repair equipment. The Illinois-based company, which sells ...

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BGC Group's FMX Futures gets funding from banking consortium

Reuters |Updated 6 minutes ago |1 min read

(Reuters) - Brokerage BGC Group said on Thursday its exchange platform FMX Futures was valued at $667 million after securing investment from a consortium including Bank of America and Citigroup. The consortium - which also includes Goldman Sachs, ...

A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021.

Factbox-Top deals in the global mining sector

Reuters |Updated 16 minutes ago |2 min read

(Reuters) - BHP Group has bid $38.8 billion for smaller rival Anglo American, offering a deal to forge the world's biggest copper miner. Here is a list of some previous big-ticket deals in the mining sector: - Precious metals producer Polymetal ...

CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs

Reuters |Updated 23 minutes ago |1 min read

The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed.  The loonie was trading 0% lower at C$1.3706 to the greenback, or 72.96 U.S. cents, after trading in a range of 1.3666 to 1.3712.

Brazil's central bank Governor Roberto Campos Neto, speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Analysis-Brazil central bank chief irks finance ministry team on his way out

Marcela Ayres |Updated 25 minutes ago |4 min read

By Marcela Ayres BRASILIA (Reuters) - An outspoken couple weeks for Brazil's central bank chief, including criticism of budget policy and comments scrapping monetary policy guidance, have soured relations with a Finance Ministry team who had been ...

A construction worker is silhouetted against the morning sky while working on a  project in San Diego, California U.S., March 5, 2024.

Q1 US GDP shows surprise slowing and uncomfortable inflation

Reuters |Updated 2 minutes ago |4 min read

NEW YORK (Reuters) - U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before ...

SaltWire

Private equity owner of Sauer Brands explores sale of condiments maker, sources say

Abigail Summerville |Updated 26 minutes ago |2 min read

By Abigail Summerville NEW YORK (Reuters) - The private equity owner of Sauer Brands is exploring a sale of the 137-year-old maker of condiments and spices that could value it at more than $1 billion, including debt, according to people familiar ...

SaltWire

Bottler Arca Continental posts slight profit climb in Q1

Reuters |Updated 2 minutes ago |1 min read

MEXICO CITY (Reuters) - Mexican bottler Arca Continental on Thursday posted a first-quarter core profit that ticked up 1.2% to 9.66 billion pesos, landing above the 9.06 billion pesos forecast by analysts polled by LSEG. Arca, which sells bottled ...

The logo of Spanish stainless steel manufacturer Acerinox is pictured on their offices in Madrid, Spain, April 22, 2024.

Steelmaker Acerinox cautious on second quarter as strike drags on

Matteo Allievi, Natalia Siniawski |Updated 35 minutes ago |2 min read

By Matteo Allievi and Natalia Siniawski (Reuters) - Spanish steelmaker Acerinox said on Thursday it expects earnings before interest, taxes, depreciation and amortization (EBITDA) to improve only slightly in the second quarter due to the weak ...

A view of planes at the Textron Aviation, makers of Cessna and Beechcraft brands, booth at the Henderson Executive Airport during the NBAA Business Aviation Convention & Exhibition in Henderson, Nevada, U.S., October 12, 2021.

Textron to cut 1,500 jobs as program cancellations, weak demand hit results

Reuters |Updated 36 minutes ago |2 min read

(Reuters) - Textron is expanding its restructuring plan to include about 1,500 job cuts, it said on Thursday, after U.S. Army program cancellations and lower demand for some other products hit its business. Shares of the Rhode Island-based ...

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