TOKYO (Reuters) - Japanese household spending probably accelerated its pace of declines in March, a Reuters poll showed on Thursday, underscoring the difficulties facing policymakers keen to engineer self-sustaining economic growth and normalise monetary policy.
March household spending could fall 2.4% from the same month a year earlier, compared with the prior month's 0.5% decline, according to the poll of 16 economists.
That would mark... (continue reading...)
By Jacob Gronholt-Pedersen
COPENHAGEN (Reuters) -Shipping group Maersk on Thursday reported first-quarter earnings above expectations and lifted the lower end of its full-year profit guidance range, supported by higher demand and the diverting of vessels away from the Red Sea.
"Demand is trending towards the higher end of our market growth guidance and conditions in the Red Sea remain entrenched," CEO Vincent Clerc said in a statement.
... (continue reading...)By Ron Bousso
LONDON (Reuters) -Shell on Thursday reported first-quarter adjusted earnings of $7.7 billion, sharply beating expectations, on the back of strong oil trading and higher refining margins.
The oil major announced it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its dividend remained unchanged.
Analysts had expected first-quarter adjusted... (continue reading...)
By Gavin Maguire
LITTLETON, Colorado (Reuters) - The four-month window from May through August marks the high point for power generation and demand in the state of Texas, the largest U.S. user of fossil fuels for power generation and the country's top power sector emitter.
A key driver of Texas power demand is an annual climb in air conditioner use by homes and businesses during the hottest time of year, when average temperatures can... (continue reading...)
(Reuters) - German chip equipment supplier Siltronic reported a 27.5% drop in first-quarter core profit on Thursday, a week after it slashed annual targets due to customers' still high inventories.
The company, which makes silicon wafers used in semiconductor chips, posted quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) of 90.8 million euros ($97.3 million), down from 125.2 million euros a year earlier.
Its... (continue reading...)
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ArcelorMittal Q1 profit tops expectations
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ArcelorMittal Q1 profit tops expectations
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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Indonesia's inflation rate eases slightly in April
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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South Korea unveils guidelines for 'Corporate Value-up Programme'
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets
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Analysis-Powell's soothing tone may not be enough for inflation-spooked markets