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...The Indianapolis-based drugmaker said it now expected full-year revenue to be between $42.4bn and $43.6bn....
...UK headline inflation eased from a 42-year high of 11.1 per cent in October 2022 to 4 per cent in January as the impact of the surge in food and energy costs following Russia’s invasion of Ukraine faded....
...The central bank on Thursday increased its one-week repo rate by 2.5 percentage points to 42.5 per cent, as the central bank boosts borrowing costs to cool overheating consumer demand....
...The figures, which track data across all retailers, provide early indications of price pressures ahead of the official inflation data for March, published on April 17....
...For its fiscal first quarter, Eli Lilly’s earnings per share came in at $2.58, above analysts’ expectations of $2.47....
...The total offering may increase to €2.3bn if an overallotment option is exercised in full....
...Shares in French luxury group Hermès fell 2.9 per cent despite a 17 per cent jump in the company’s revenues in the first three months of the year....
...Private sector holders swapped 17 per cent of their titles....
...Markets are pricing in 0.38 percentage points of cuts by the end of the year, down slightly from 0.42 percentage points before the inflation figures were published....
...UK mortgage approvals beat expectations in February to hit their highest in 17 months, according to official data that reflects the fall in borrowing costs since the middle of last year....
...But a Redfield and Wilton poll this week put Labour’s Richard Parker on 42 points, 14 points ahead of Street on 28. A separate Savanta poll put Street just three points behind Labour....
...LVMH is up 9 per cent so far this year, Cartier-owner Richemont up 14 per cent and Kering down 17 per cent....
...Headline inflation stood at 4 per cent in January, unchanged from December but well below a 42-year high of 11.1 per cent in October 2022....
...It made €2.9bn in profit in the first quarter on total income of €15.4bn, up 9 per cent on a year earlier and a record quarterly result for the group....
...Xinyi Solar rose 5.2 per cent, bringing its gains for the year to 42.1 per cent....
...Brian Luke of S&P Dow Jones Indices noted softness in 17 markets over the month, in a sign that homebuyers are struggling with elevated mortgage rates....
...Yields on benchmark 10-year German Bunds climbed 0.07 percentage points to 2.42 per cent....
...Statistically Hong Kong’s economy has been much more correlated with the US than with China, as its growth trajectory almost hugs that of the US, up 2.3 times in 30 years versus America’s 2.1 times....
...That compares with 8.9 per cent from public equities and 2.4 per cent from fixed income. The documents did not disclose if the figures took account of fees....
...Half of the jobs in the US pay less than $42,000 annually....
...Imports already pay a 10 per cent EU tariff rate, amounting to roughly €2,100 a vehicle....
...Data also published on Tuesday showed that eurozone headline inflation remained steady at 2.4 per cent for April, after a 17-month period in which it had fallen almost continuously....
...Kirkby takes over after Jansen announced cuts of up to 42 per cent of the company’s workforce by the end of the decade last year....
...A sudden spike in the price at 6.17 pm in New York pushed the price to a high of $2,222.39 per troy ounce, and moderated closer to the $2,200 level soon after....
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