 | | | | Swiss elevator and escalator maker Schindler on Friday reported a drop in first-quarter net profit but beat the consensus forecast despite supply chain woes, cost inflation, coronavirus lockdowns and market contraction in China. | | | | | | Global equity funds faced massive outflows in the week to April 20, on concerns over growth due to the Russia-Ukraine war, impending rate hikes by major central banks and a rise in real yields. | | | | | | China appears to be significantly throttling soybean imports this year to well below recent norms following a record haul last marketing year, which had coincided with a meaningful restoration of its hog herd, the world's largest. | | | | | | Swiss elevator and escalator maker Schindler on Friday reported a drop in first-quarter net profit but beat the consensus forecast despite supply chain woes, cost inflation, coronavirus lockdowns and market contraction in China. | | | | | | Overseas investors extended their selling of Chinese shares into April, after dumping them in the previous month, on mounting worries about the impact of prolonged COVID-19 lockdowns, growth and the fallout of the Ukraine-Russia war. | | | | | | Verizon Communications Inc lost fewer-than-expected monthly phone subscribers in the first quarter, a sign the wireless carrier is benefiting from its hefty investments in expanding 5G services and new broadband networks. | | | | | | U.S. stock index futures edged lower on Friday as bond yields rose and growth stocks came under pressure after Federal Reserve Chair Jerome Powell's speech cemented the central bank's hawkish pivot. | | | | | | Newmont Corp on Friday posted a fall in first-quarter profit, as the world's biggest gold miner was hurt by lower gold sales volumes. | | | | | | American Express Co beat Wall Street estimates for first-quarter profit on Friday, driven by strong spending from its card holders globally as consumer appetite for travel and entertainment reached pre-pandemic levels. | | | | | | The scheme underscores Germany's long-term social market economy model, which gives more influence to labor unions as opposed to free-market capitalism. | | | | | |
