Moody’s cuts outlook for European banks, including Germany’s, on credit woes

Global credit ratings agency Moody’s downgraded its outlook for banks in Germany, Italy and four other countries to “negative” from “stable” on Wednesday as Europe’s energy crisis and high inflation weaken its economies. The downgrade also affects banking sectors in the Czech Republic, Hungary, Poland and Slovakia, and Moody’s said the grouping includes those most […]

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Novo Nordisk sees faster profit growth on diabetes drug Ozempic

Danish drugmaker Novo Nordisk (NOVOb.CO) raised its full-year earnings outlook after reporting better-than-expected profit on strong sales of diabetes treatment Ozempic, lifting its shares to a three-month high. The company predicted 2022 operating profit growth at constant exchange rates of 13-16%, up from a previous target range of 11-15%. Third-quarter operating profit rose by almost […]

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Microsoft’s president warns of talent shortage for tackling climate change

Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft Corp’s (MSFT.O) President Brad Smith said. Speaking ahead of a report the software maker released Wednesday, Smith said common instruction on issues like carbon accounting was too piecemeal for the roughly 3,900 companies that have […]

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Boeing investors seek clarity, realistic goals after a series of setbacks

A series of production delays, cuts in jet delivery outlook and mounting losses at its defense business have damaged Boeing Co’s (BA.N) credibility among investors, who want realistic forecasts from the company. As investors and analysts gather in Seattle for the U.S. aerospace giant’s first public investor meeting since 2016, they are calling for Boeing […]

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