GE Aerospace forecasts 2025 profit above estimates on robust aftermarket demand
(Reuters) – GE Aerospace on Thursday forecast profit for the current year above estimates, as persistent shortage of new aircraft forces airlines to fly older jets, creating strong demand for its high-margin parts and services. The company also announced plans to
General Aerospace reports above-consensus Q4 earnings and revenue; stock jumps
Investing.com — General Aerospace saw its shares surge 6% in premarket trading Thursday after the company reported Q4 earnings and revenue above analyst expectations. The aircraft engine supplier reported Q4 earnings per share (EPS) of $1.32, topping the consensus estimates of
WTO chief warns of catastrophic global growth consequences amid trade wars
Investing.com — The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, issued a stark warning against potential trade wars on Thursday. During a debate at the World Economic Forum in Davos, Okonjo-Iweala discussed the potential fallout from retaliatory trade
Indonesia plans spending cuts worth $18.84 billion, finance ministry says
JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday. Prabowo has frequently highlighted the need for efficient spending under his
UK gilts yields rise; Reeves pledges to new fiscal measures
Investing.com – The yields on UK government bonds rose Thursday after Chancellor Rachel Reeves said she was prepared to announce new measures to ensure it meets its fiscal rules in March. At 06:20 ET (11:20 GMT), the yield on benchmark 10-year