Economy
Smurfit Westrock cuts annual earnings outlook as freight and energy costs rise
Smurfit Westrock cut its 2026 adjusted EBITDA forecast to about US$4.7 billion on 28 October, from US$4.9 billion–US$5.1 billion, citing higher costs.
Economy
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Economy
Boston Scientific cuts annual sales and adjusted earnings forecasts
Boston Scientific cut its 2026 sales and adjusted earnings forecasts on 28 October. The company reported third-quarter sales of US$5.138 billion and said its teams were working to restore operations following a cybersecurity incident.
Economy
GE HealthCare raises annual outlook after quarterly sales grow 7.2%
GE HealthCare raised its annual outlook on 28 October after third-quarter revenue increased 7.2% to US$5.513 billion. Its adjusted earnings forecast rose to US$4.95–5.05 a share, from US$4.80–5.00.
Economy
Unilever lifts volume-growth outlook after quarterly sales beat forecasts
Unilever reported third-quarter underlying sales growth of 5.2% on 28 October, above the 4.8% company-compiled analyst consensus reported by Reuters. It now expects full-year underlying volume growth of at least 3%, previously around 3%.
Economy
Airbus quarterly adjusted operating profit falls 9%; annual targets unchanged
Airbus reported third-quarter adjusted operating profit of €1.768 billion, down 9% from a year earlier, on 28 October. It maintained its 2026 delivery and financial targets.
Economy
BNP Paribas quarterly profit rises to €3.46 billion; November buyback planned
BNP Paribas reported third-quarter net income of €3.456 billion on 28 October, up from €3.044 billion a year earlier. It plans a €1.3 billion share buyback in November.
Economy
Standard Chartered raises annual income outlook as quarterly profit climbs
Standard Chartered raised its full-year income outlook on 28 October after reporting third-quarter pretax profit of US$2.25 billion, up 27% on a reported basis.
Economy
Traton’s nine-month adjusted operating profit rises 13% to €2.3 billion
Truck manufacturer Traton reported nine-month adjusted operating profit of €2.3 billion on October 28, up 13% from about €2.0 billion a year earlier. It maintained its full-year outlook.
Economy
Ford raises earnings-guidance floor after US$2 billion quarterly profit
Ford reported US$2 billion in third-quarter net income on 28 October and raised the lower end of its full-year adjusted operating-earnings forecast.
Economy · Developing
South Korea fines Google and Apple ₩63.7 billion over app payments
South Korea's Media and Communications Commission announced fines totalling ₩63.7 billion against Google and Apple on 28 October over restrictions on app-payment systems.
Economy
Stellantis narrows quarterly loss to €453 million
Stellantis reported a €453 million third-quarter net loss on 28 October, compared with a €4.532 billion loss a year earlier. Revenue rose 1% to €37.611 billion.
Economy · Developing
US announces import restrictions on three Chinese genomics firms
The United States announced on 28 October that three Chinese genomics companies would face forced-labor import restrictions beginning 29 October. BGI denied involvement in forced labor.
Economy
GE Vernova agrees US$9 billion Trench deal and raises its outlook
GE Vernova agreed on 28 October to buy high-voltage equipment maker Trench Group from Triton Partners for US$9 billion equivalent. It also raised its 2026 revenue and cash-flow forecasts.
Economy
Deutsche Bank reports record third-quarter post-tax profit of €1.9 billion
Deutsche Bank reported €1.9 billion in third-quarter post-tax profit on 28 October, its third consecutive quarterly record. Pre-tax profit rose 8% from a year earlier to €2.6 billion.
Economy
T-Mobile’s quarterly profit rises 27% to US$3.5 billion
T-Mobile reported third-quarter net income of US$3.5 billion, up 27% year on year, and GAAP diluted earnings per share of US$3.22, up 34%, on 28 October.
Economy · Developing
Wendy’s receives non-binding US$7.35-a-share buyout proposal
Wendy’s confirmed on 28 October that a Trian-led investor group offered US$7.35 cash per share for shares it does not already own. The unsolicited proposal is non-binding, and independent directors will evaluate it.
Economy
UK budget announces £100 energy payment and temporary bank-tax increase
Chancellor John Healey’s 28 October budget announces a £100 energy payment for up to 20 million households in England from January 2027, partly funded by a temporary increase in the bank corporation-tax surcharge. The budget also makes available over £10 billion of additional support for Ukraine.
Economy
South Korea’s Kospi closes 6.63% higher on 28 October
South Korea’s Kospi closed the 28 October session at 6,012.44 points, a gain of 374.10 points, or 6.63%, from the previous trading session.
Economy
Vertiv raises sales outlook after quarterly revenue grows 61%
Vertiv reported third-quarter net sales of US$4.313 billion on 28 October, up 61% from a year earlier, and raised its full-year sales forecast by $650 million.
Economy
FTC orders nine companies to disclose personalized pricing and pay practices
The US Federal Trade Commission announced information orders on 28 October examining how nine major companies use personal data to set consumer prices and worker compensation. The action is a study, rather than a finding of wrongdoing.
Economy
New Zealand holds cash rate at 2.75% in a 4–3 vote
New Zealand’s central bank held its Official Cash Rate at 2.75% on 28 October. Four Monetary Policy Committee members supported a pause; three wanted a quarter-percentage-point increase to 3%.
Economy
SK hynix reports record quarterly profit and plans ₩100 trillion shareholder returns
SK hynix reported record third-quarter revenue and operating profit on 28 October and said it planned approximately ₩100 trillion in shareholder returns for fiscal 2026.
Economy
Bank of Canada raises its policy rate to 2.5%
The Bank of Canada raised its overnight-rate target by 0.25 percentage points to 2.5% on 28 October, citing the risk that higher energy costs spread into broader inflation.
Economy
Federal Reserve holds its policy rate at 3.75–4%
The Federal Reserve kept its federal funds target range at 3.75–4% on 28 October. Two policymakers preferred another quarter-point increase.
Economy
Microsoft quarterly revenue rises 19% to $92.3 billion
Microsoft reported revenue of $92.279 billion for its fiscal first quarter, up 19% from a year earlier. Azure revenue grew 48%. The results, released on 28 October, cover the three months ended 30 September 2026.
Economy
Novartis lifts core-profit outlook as impairment cuts reported earnings
Novartis raised its full-year core operating income outlook on 27 October, even as a US$1.9 billion research-asset impairment cut reported third-quarter earnings. Quarterly net sales rose 4% to US$14.522 billion.
Economy
SoFi raises outlook after quarterly revenue grows 44%
SoFi reported third-quarter GAAP net revenue of US$1.385 billion on 27 October, up 44% from a year earlier. The financial-services company raised its 2026 outlook and introduced forecasts for 2027.
Economy · Developing
Woodside agrees sale of Greater Sunrise stake to Timor-Leste’s state energy company
Timor-Leste’s state energy company, Timor GAP, agreed on 27 October to buy Woodside’s 33.44% interest in Greater Sunrise for up to US$200 million in staged payments. The sale remains subject to approvals and completion conditions.
Economy
Coca-Cola raises annual earnings outlook after quarterly sales beat forecasts
Coca-Cola raised its 2026 earnings outlook on 27 October after quarterly net revenue reached US$13.38 billion. Reuters compared that with an LSEG analyst estimate of US$12.92 billion.
Economy · Developing
Dangote refinery closes public share offer; allotment and listing remain pending
Dangote Petroleum Refinery says its public share offer closed on 27 October. Applications are now being checked; final allotments, refunds and the date shares will begin trading remain subject to the regulatory process.
Economy
Royal Caribbean raises 2026 adjusted earnings outlook
Royal Caribbean Group raised its full-year adjusted diluted earnings forecast to US$17.85–US$17.95 a share on 27 October. The prior range was US$17.73–US$17.87, according to Seatrade Cruise News.
Economy
UPS raises annual revenue and adjusted profit forecasts
UPS raised its 2026 forecasts on 27 October to about US$92.6 billion in revenue and US$7.28 in adjusted diluted earnings per share. Reuters reported previous forecasts of US$91.2 billion and US$7.22 respectively.
Economy · Developing
Boeing warns it will miss 737 delivery target as production ramp slips
Boeing said on its 27 October earnings call that it expected to miss its 500-aircraft annual 737 delivery target as stabilising monthly production took longer than planned.
Economy
HSBC quarterly profit rises 32%, but revenue misses forecasts
HSBC reported third-quarter pretax profit of US$9.6 billion, up 32%, on 27 October. Revenue of US$18.6 billion fell short of the US$19 billion forecasts cited by Reuters.
Economy · Developing
Tanzania announces Mnazi Bay gas find; size estimates remain preliminary
Tanzania announced a preliminary 223 billion cubic feet gas discovery at Mnazi Bay on 27 October. Operator Maurel & Prom had estimated approximately 200 billion cubic feet in its 22 October report; neither figure establishes certified recoverable reserves.
Economy
Verizon raises annual earnings outlook after stronger third quarter
Verizon raised its 2026 adjusted earnings forecast to US$5.04–5.06 a share on 26 October, from US$4.99–5.04. Third-quarter adjusted earnings rose to US$1.31 a share from US$1.21.
Economy · Developing
EQT agrees all-stock acquisition of Range Resources
EQT Corporation announced an agreement on 26 October to acquire Range Resources in an all-stock transaction. The companies put the combined business’s pro forma enterprise value above US$50 billion; that figure is not the acquisition price.
Economy · Developing
FTC and 20 states sue Dollar General over alleged overcharging
The US Federal Trade Commission and 20 states sued Dollar General on 26 October, alleging that checkout prices repeatedly exceeded advertised prices. Dollar General disputes the case and says it will defend it. The allegations have not been adjudicated.
Economy · Developing
Microsoft offers voluntary buyouts to about 60,000 eligible staff
Microsoft announced a voluntary exit offer on 26 October. AP reported that about 60,000 employees—roughly 27% of its workforce—were eligible. Eligibility does not mean those employees have accepted or that 60,000 jobs have been cut.
Economy
Meta prices US$25 billion common-stock offering alongside convertible preferred shares
Meta priced a US$25 billion Class A common-stock offering and 250 million depositary shares at US$50 each on 26 October. The common-stock portion was increased from the US$22.5 billion initially announced.