Profits at US aerospace and defence contractor Raytheon soared as it sold more jet engines, parts and after-market services to airlines in 2022 amid high air travel demand worldwide.The results followed robust sales of fighter jets, helicopters and missiles, including...
Earlier this month, McDonald's severed ties with Food Solutions KZ in Kazakhstan because of supply chain issues. According to Reuters, the restaurant stopped sourcing from Russia and was struggling to replace them. Well, several of the restaurants reopened this week, but...
A consortium including Chinese battery giant CATL has beaten off rivals from Russia and the United States to win the right to help Bolivia develop its largely untapped reserves of lithium. The deal, announced at an event in the...
Technical analyst Tom DeMark’s indicators are designed for anticipating turning points and overextended price moves. In late September, DeMark told MarketWatch that the euro was exhausting its downward trend, and the euro hit an intraday low the day after the...
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningEconomic officials from several US states have stepped up...
Luxury watch manufacturer Rolex has sued a small company in England over fears that consumers might conflate the two brands.According to the BBC, Oyster & Pop, which makes clocks designed to help children learn to tell time, received a letter...
Decoupling from the Chinese market will cost jobs in Germany, the country’s Finance Minister Christian Lindner warned on Sunday. Europe’s biggest economy will need to reduce its dependence on China gradually, he added. Germany is working on a new...
Ken Griffin’s U.S. hedge fund Citadel made $16 billion in profit after fees last year – the largest annual gain ever made by a hedge fund manager, an investor has estimated. In a report published on Monday by fund of...
Elliott Management has built a multibillion-dollar position in Salesforce, as another big activist investor joins the shareholder roster of a software group facing calls to cut costs and improve its stock price. The New York-based firm joins fellow activist Starboard...
A day after the owner of Uniqlo clothing brand stunned the nation with a plan to raise wages in Japan by up to 40 per cent, its chief financial officer told investors the pay hike was not a one off....
