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(Reuters) – Harley-Davidson Inc’s profit fell 17.5% in the second quarter, the motorcycle maker said on Thursday, as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures. The company’s net profit fell to $178 million, or $1.22 per share, in the quarter, from $215.9 million, or $1.46 per share, a year earlier. (Reporting by Kannaki Deka in Bengaluru; Editing by Sriraj Kalluvila) Brought to you […]

A look at the day ahead in U.S. and global markets from Mike Dolan With markets still betting Wednesday’s interest rate hike from the Federal Reserve was the last in the cycle, the European Central Bank is due to follow suit today – while Meta provided one of bright spots of a packed corporate earnings diary. Fed Chair Jerome Powell remained equivocal about whether there was one more policy rate […]

(Reuters) -Singapore’s Keppel Corp on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business. Keppel sold its offshore and marine business in February for S$4.50 billion ($3.40 billion) to Sembcorp Marine, recognising a gain of S$3.3 billion, as it aims to transform into an asset manager […]

(Fixes typographical error in the last paragraph, no change to story) By Summer Zhen HONG KONG (Reuters) -Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their fastest pace since October 2022, Goldman Sachs said in report. The higher inflows were led by mainland A-shares and then Hong Kong-listed shares, while U.S.-listed Chinese American Depositary Receipts (ADRs), mainly internet companies, saw smaller […]

By Maggie Fick LONDON (Reuters) – The factory that fills the self-injection pens for booming weight-loss drug Wegovy has repeatedly breached U.S. sterile-safety rules in recent years and staff have failed to perform required quality checks, a Reuters review of regulatory documents shows. The breaches at Catalent, the Wegovy pen filler, were found by inspectors from the U.S. Food and Drug Administration who visited the plant in Brussels in October […]

By Philip O’Connor (Reuters) – Norway’s Caroline Graham Hansen may have apologised for her outburst over being dropped by coach Hege Riise for their World Cup clash with Switzerland on Monday, but there is still work to do if they are to restore harmony before their final group game. The Norwegians must beat the Philippines in their final Group A game on Sunday to have a chance to progress and […]

LONDON (Reuters) – The searing temperatures experienced in Britain in 2022, when the country recorded its hottest day on record, will be considered average by 2060 and ‘cool’ by the end of the century, the Met Office national weather service said on Thursday. Temperatures exceeded 40C in Britain in July last year for the first time, and the Met Office said 2022 was the warmest year since records began in […]

By Philip O’Connor (Reuters) – Norway’s Caroline Graham Hansen may have apologised for her outburst over being dropped by coach Hege Riise for their World Cup clash with Switzerland on Monday, but there is still work to do if they are to restore harmony before their final group game. The Norwegians must beat the Philippines in their final Group A game on Sunday to have a chance to progress and […]

By Summer Zhen HONG KONG (Reuters) – Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their fastest pace since October 2022, Goldman Sachs said in report. The higher inflows were led by mainland A-shares and then Hong Kong-listed shares, while U.S.-listed Chinese American Depositary Receipts (ADRs), mainly internet companies, saw smaller inflows, the report added. They did not give any further […]