 | | | | The growth of China's government fiscal revenue slowed in March compared with the first two months of the year, finance ministry data showed on Wednesday, further weighing on a flagging recovery, already weakened by COVID flare-ups. | | | | | | A slump in shares of streaming giant Netflix pointed to a lower open for the Nasdaq on Wednesday, although the other two indexes looked set to extend gains as investors focused on earnings and clues on U.S. interest rates. | | | | | | Abbott Laboratories reported a rise in quarterly profit on Wednesday helped by strong demand for its COVID-19 tests and a rebound in medical device sales. | | | | | | Shares in Danone rose over 8% on Wednesday, lifted by a media report of merger interest from French dairy rival Lactalis and stronger than expected first-quarter sales, which reassured investors its revival plan was on track. | | | | | | European companies are forecast to have coped with record inflation in the first quarter, but the big question for investors during the reporting season which begins in earnest next week will be their outlook for the rest of 2022. | | | | | | Governments must target fiscal support to vulnerable populations hit hardest by rising energy and food prices, and now facing growing food insecurity as a result of Russia's war in Ukraine, the International Monetary Fund (IMF) said on Wednesday. | | | | | | Procter & Gamble Co raised its full-year sales forecast on Wednesday as consumer demand for cleaning and personal healthcare products remains resilient despite rising prices, sending its shares up almost 2% in premarket trading. | | | | | | Baker Hughes Co on Wednesday reported a higher quarterly profit from a year earlier, as a surge in commodity prices fueled drilling activity and demand for oilfield services. | | | | | | Nasdaq Inc topped Wall Street estimates for first-quarter profit on Wednesday, driven by robust demand for its investment-related products that offset a lull in initial public offerings. | | | | | | The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal Reserve's aim of cooling the housing market may be beginning to have an impact, data from the Mortgage Bankers Association (MBA) showed on Wednesday. | | | | | |
