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Top related persons:
Amr Abdallah Dalsh - 1 Moody's - 1 Sri Hari - 1 Shinjini - 1 Brad Beckham - 1 Beckham - 1 Greg Johnson - 1 Johnson - 1
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Bengaluru Cairo Egypt U.S , Puerto Rico Mexico
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Thomson - 2 REUTERS - 1 International Monetary Fund - 1 Sri - 1 O'Reilly - 1 O'Reilly Automotive - 1 Wednesday - 1 Revenue - 1

Search resuls for: "Anandita"


3 mentions found


☆ Moody's downgrades Egypt deeper into junk territory
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: +1 min
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo Acquire Licensing RightsOct 5 (Reuters) - Moody's on Thursday downgraded Egypt's credit rating by a notch to 'Caa1' from 'B3', citing the country's worsening debt affordability. Egypt has been facing an economic crisis with record inflation and a chronic foreign currency shortage, and a borrowing spree over the last eight years has made external debt repayments increasingly onerous. "Moody's expects the materialization of asset sale proceeds at the central bank to help restore the economy's foreign currency liquidity buffer," the credit rating agency said, placing Egypt's outlook at 'stable'. Egypt has imposed import restrictions to remedy the shortage of foreign currency, while at least two national banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency.
Persons: Amr Abdallah Dalsh, Moody's, Sri Hari, Shinjini Organizations: REUTERS, International Monetary Fund, Sri, Thomson Locations: Cairo, Egypt, Bengaluru
☆ O'Reilly Automotive names insider CEO, lifts profit view on strong parts demand
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +1 min
Companies O'Reilly Automotive Inc FollowJuly 26 (Reuters) - Auto parts distributor O'Reilly Automotive (ORLY.O) on Wednesday named Brad Beckham as its top boss and raised its annual profit and sales outlook on strong demand for aftermarket products. Inflationary pressures such as high interest rates on leases have led to consumers opting to repair their vehicles instead of buying new ones, bolstering the aftermarket sales of parts suppliers. The company now expects 2023 profit between $37.05 and $37.55 per share, up from prior guidance of $36.50 to $37 per share. O'Reilly now sees full-year revenue to be between $15.4 billion and $15.7 billion, compared to prior expectation of $15.2 billion to $15.5 billion. The company also beat its second-quarter results with profit of $10.22 per share, above estimates of $10.09.
Persons: Brad Beckham, Beckham, Greg Johnson, Johnson, O'Reilly, Christopher Horvers, Raechel Thankam, Anandita, Pooja Desai, Arun Koyyur Organizations: O'Reilly, O'Reilly Automotive, Wednesday, Revenue, Thomson Locations: U.S, , Puerto Rico, Mexico, Bengaluru
☆ Carrier to buy German firm Viessmann's unit in $13.17 bln deal
  + stars: | 2023-04-25 | by ( ) www.reuters.com   time to read: +1 min
April 25 (Reuters) - Air conditioner maker Carrier Global Corp (CARR.N) said on Tuesday it would buy German industrial firm Viessmann Group's unit that makes heating boilers and heat pumps in a 12 billion euros ($13.17 billion) cash-and-stock deal. Under the deal, Viessmann Chief Executive Max Viessmann would join Carrier's board. The deal has been approved by the board of both companies and is expected to close by 2023 end. The company said the deal is expected to be modestly impact its adjusted profit in 2024 and would add to earnings in 2025. Separately, Carrier reported a 2% drop in its first-quarter profit, excluding items.
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