Oct 9 (Reuters) – CCC Intelligent Solutions Holdings Inc : * CCC INTELLIGENT SOLUTIONS ANNOUNCES CHANGE IN TICKER SYMBOL TO “CCC” AND DATE OF THIRD QUARTER 2025 EARNINGS CALL Source text: Further company coverage: ;))
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Savyata Mishra (Reuters) -Levi Strauss raised its full-year profit forecast on Thursday, but the projection fell short of Wall Street expectations, sending shares of the denim-maker down about 6% in extended trading. The company now expects fiscal-year 2025 adjusted profit per share in the range of $1.27 to $1.32, up from its prior forecast of between $1.25 and $1.30 per share. The mid-point was below an estimate of $1.31, according to data compiled by LSEG. The forecast assumes U.S. tariffs will remain at 30% for China and 20% for other countries through the year-end. Tariffs impacted the company's gross margins by 80 basis points in the reported quarter, CFO Harmit Singh told Reuters, adding that the impact would be 130 basis points in the fourth quarter, which includes the crucial holiday season. The company, which sources the bulk of its products from South Asia – including Bangladesh and Pakistan – has undertaken modest price hikes and secured inventory ahead of the key holiday season to limit disruptions from volatile trade policies. Levi has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight leash on stock-keeping units, or SKUs, an industry term for inventory. Robust international demand helped cushion some tariff pain, with quarterly revenues in Asia and Europe growing 12% and 5%, respectively. Globally, DTC sales witnessed 9% growth, while online sales jumped 16%. San Francisco, California-based Levi Strauss reported a 7% rise in net revenue for the quarter ended August 31 to $1.54 billion, beating analysts' estimate of $1.50 billion, according to data compiled by LSEG. Adjusted profit came in at 34 cents per share, from 33 cents per share in the same period last year. Operating margin improved to 10.8% from 2.3% a year earlier, driven by higher DTC as well as full-price sales. (Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
(Reuters) -Former British Prime Minister Rishi Sunak said on Thursday he has joined U.S. tech giant Microsoft and AI startup Anthropic as a senior adviser. Sunak, who stepped down as the leader of the opposition Conservative Party following a defeat in the general election last July, continues to serve as a member of the British Parliament. In a LinkedIn post, Sunak said that the proceeds from the roles will be donated in full to The Richmond Project, a charity he started with his wife Akshata Murty. Amazon and Google-backed Anthropic said that the internally focused, part-time advisory role fully complied with the conditions of the Advisory Committee on Business Appointments, or ACOBA, which oversees rules on new jobs for former ministers and senior civil servants. Sunak will advise Anthropic on strategy, macroeconomic and geopolitical trends. The role focuses on global strategic matters, not UK-specific policy, and Sunak is prohibited from initiating contact with UK government officials on behalf of Anthropic. At Microsoft, Sunak will provide strategic perspectives on macroeconomic and geopolitical trends. He will be speaking at the annual Microsoft Summit, according to an advice letter by ACOBA's interim chair, Isabel Doverty, posted to its website on Thursday. Sunak will not be advising on any UK policy matters. The former prime minister cannot lobby for the firm for two years from his last day in ministerial office, nor draw on any privileged information from his time in government, according to the letter. Microsoft did not immediately respond to a Reuters request for comment. The development follows Sunak's July return to Goldman Sachs in an advisory role. He had previously worked at the Wall Street bank as an analyst in the early 2000s, before joining a series of hedge funds. (Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
Oct 9 (Reuters) – Capgemini SE: * WNS (HOLDINGS) LTD – ACQUISITION BY CAPGEMINI SANCTIONED BY ROYAL COURT OF JERSEY – SEC FILING * WNS (HOLDINGS) LTD – DEAL EXPECTED TO CLOSE ON OCTOBER 17, 2025 – SEC FILING Further company coverage: ;))
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
VIDEO SHOWS: FIA EXTREME H WORLD CUP DAY ONE HIGHLIGHTS SHOWS: QIDDIYA CITY, SAUDI ARABIA (OCTOBER 9, 2025) (EXTREME H – See restrictions) 1. FIRST PLACE TEAM KMS' MIKAELA AHLIN-KOTTULINSKY (SWEDEN) IN ACTION DURING TIME TRIAL 2. ONBOARD WITH AHLIN-KOTTULINSKY 3. VARIOUS OF AHLIN-KOTTULINSKY IN ACTION 4. VARIOUS OF TEAM KMS' JOHAN KRISTOFFERSSON (SWEDEN) IN ACTION 5. AHLIN-KOTTULINSKY CLAPPING AS SHE WATCHES ON FROM GARAGE 6. ONBOARD WITH KRISTOFFERSSON 7. KRISTOFFERSSON'S SUV SLOWING DOWN AFTER TIME TRIAL 8. AHLIN-KOTTULINSKY HUGGING KRISTOFFERSSON AS HE EXITS SUV 9. VARIOUS OF SECOND PLACE JAMEEL MOTORSPORT'S MOLLY TAYLOR (AUSTRALIA) IN ACTION 10. JAMEEL MOTORSPORT'S KEVIN HANSEN (SWEDEN) IN ACTION 11. ONBOARD WITH HANSEN 12. VARIOUS OF HANSEN IN ACTION 13. VARIOUS OF THIRD PLACE TEAM HANSEN'S ANDREAS BAKKERUD (NORWAY) IN ACTION 14. VARIOUS OF TEAM HANSEN'S CATIE MUNNINGS (UK) IN ACTION 15. AHLIN-KOTTULINSKY AND KRISTOFFERSSON RECEIVING MEDALS STORY: The FIA Extreme H World Cup kicked off in the Saudi desert outside Qiddiya City on Thursday (September 9) with Team KMS drivers Johan Kristoffersson and Mikaela Ahlin-Kottulinsky earning the event's first medals. The Swedish duo topped a tight time trial just 0.591 seconds ahead of Jameel Motorsport’s Kevin Hansen and Molly Taylor in second with Andreas Bakkerud and Catie Munnings of Team Hansen coming third. The off-road event is the world's first FIA-sanctioned hydrogen-powered race event and features 16 drivers from eight teams. Extreme H is an evolution of the Extreme E series, which promoted sustainability and electric vehicles by racing SUVs in harsh areas already suffering environmental damage. The new format, with Pioneer 25 cars and hydrogen produced by splitting water through electrolysis using renewable energy, began with rally-style racing against the clock on Thursday and will also feature driver head-to-heads on Friday and an eight-car final on Saturday. Extreme H founder Alejandro Agag told Reuters last month that there would be a Hydrogen World Cup every year, eventually expanding to two or three events in the region. (Production: Conal Quinn)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
(Adds Milei social media post, details on Bessent's prior support pledges and Argentina elections and reform agenda, market comments, paragraphs 10-20) * US Treasury directly buys pesos, Argentine markets rise * IMF involved in Washington talks on $20 billion swap line * Bessent says Argentina faces 'a moment of acute illiquidity' * Boost for Trump ally Milei in midterm legislative elections By Rodrigo Campos, David Lawder and Bhargav Acharya Oct 9 (Reuters) – The U.S. government purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina's central bank, U.S. Treasury Secretary Scott Bessent said on Thursday, sending the peso and Argentine dollar bonds sharply higher. "The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets," Bessent said in a post on X. Argentina's 2035 bond rose 4.6 cents to trade at 60.58 cents on the dollar while the peso closed at 1,418 per dollar, up 0.8% on the day after falling 3% earlier. Local stocks , which touched a 2025 low days before Bessent's initial support pledge last month, rose 5.3% Thursday. Bessent issued his statement at the end of four days of meetings with Argentine Finance Minister Luis Caputo that also involved officials from the International Monetary Fund. In April, the IMF granted Argentina a new $20 billion loan program. Bessent said Caputo had coordinated closely with the IMF on Argentina's reform commitments, adding: "Argentina’s policies, when anchored on fiscal discipline, are sound. Its exchange rate band remains fit for purpose." A spokesperson for the IMF could not immediately be reached for comment on the U.S. actions. "Argentina faces a moment of acute illiquidity," Bessent said in his post. "The international community – including @IMFNews – is unified behind Argentina and its prudent fiscal strategy, but only the United States can act swiftly. And act we will. To that end, we directly purchased Argentine pesos." A U.S. Treasury spokesperson declined to provide any further details, including on the amount of pesos purchased and how the $20 billion currency swap line would be structured. BACKSTOP FOR MILEI Previously, Bessent had pledged the use of the Treasury's $221 billion Exchange Stabilization Fund and its holdings of IMF reserve assets known as Special Drawing Rights to support Argentina. The backstop is partly aimed at giving Argentina's right wing president, Javier Milei, a boost in Argentina's October 26 mid-term legislative elections. His party wants to strengthen its minority position to solidify his agenda to cut government spending and boost private-sector investment. Argentine lawmakers are working to limit what the president can do via decrees, raising the stakes for Milei's party performance in the midterms. Bessent called the success of Milei's reforms of "systemic importance," to the U.S. by helping to anchor a prosperous Western Hemisphere. HEMISPHERE OF ECONOMIC FREEDOM Milei, who is due to meet Trump next week during the IMF and World Bank annual meetings in Washington, thanked Bessent and President Donald Trump in a message on X. "Together, as the closest of allies, we will make a hemisphere of economic freedom and prosperity. We will work hard every day to provide opportunity for our people," Milei wrote. Investors greeted the intervention with a sigh of relief. Eduardo Ordonez Bueso, emerging markets debt portfolio manager at BankInvest, said markets had been hungry for details of Bessent's support pledge and had been challenging peso valuations. "If they hadn't come through with a promise they made…we would be talking about a complete collapse of Argentina," he said. Jim Craige, co-chief investment officer for Stone Harbor Investment Partners, said he was surprised that the U.S. Treasury directly bought pesos, but welcomed the move. Bessent "said he was going to do something and do something significant, and they really have. All very positive from a pricing standpoint." (Reporting by David Lawder, Rodrigo Campos Bhargav Acharya and Ismail Shakil; Editing by Cynthia Osterman and David Gregorio)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Diego Oré and Emily Green MEXICO CITY (Reuters) -Mexico's Congress will hold off approving proposed tariff hikes on nearly 1,500 products from China and other Asian countries while Mexico holds talks with those countries and considers changes to the proposal, President Claudia Sheinbaum said on Thursday. Sheinbaum sent the proposal – which seeks to increase tariffs by up to 50% on cars, textiles, clothing, plastics, steel, and other products – in early September to the lower house of Congress, where her Morena Party holds a large majority. Many analysts saw the move as an attempt to placate U.S. President Donald Trump. But since then, China – Mexico’s second-biggest trading partner after the U.S. – has criticized the proposal, saying it would undermine investor confidence. China warned Mexico it would take "necessary measures" to safeguard its "legitimate rights and interests." PROPOSAL UNDER REVIEW On Thursday, Sheinbaum said her government was analyzing potential changes to the tariff hikes. "We are holding these meetings with different countries to see if we can adapt what we are presenting to Congress for approval this year," she said during her daily press conference. Her comments came a day after Ricardo Monreal, leader of Morena in the Chamber of Deputies, told reporters that Congress would "pause" the proposal for now and pick it up again at the end of November. “We are reviewing the proposal very seriously,” he said. Morena legislators, who spoke on condition of anonymity, told Reuters the tariffs would not be approved by Congress in their current form and that the plan would likely have to be softened. It was unclear what changes there might be. Any adjustments could create holes in the government’s 2026 budget, as Mexico’s Finance Ministry projected the proposed tariffs would generate $3.76 billion. The proposed tariffs would affect imports from countries Mexico does not have trade agreements with, including China, South Korea, India, Indonesia, Russia, Thailand, and Turkey. VEHICLE, AUTO PARTS TARIFFS COULD JUMP As currently drafted, tariffs on light vehicles would rise to 50% from 15%-20%, and on auto parts to 10%-50% from the current zero-35%. Some analysts estimate the increased tariff on cars would primarily affect electric vehicles manufactured in China and sold in Mexico, hitting BYD and Tesla the hardest. The Sheinbaum administration argues the tariff increases are a means of protecting Mexico’s domestic production, although they also come amid pressure from the U.S. for Mexico to curtail business with China. One Morena politician who spoke on condition of anonymity said approval of the tariffs has been delayed amid concern that they could boost consumer prices and harm Mexican businesses. The person said that long-term, they believe Mexico is moving toward a plan for the U.S., Canada, and Mexico to impose matching tariffs on China. (Reporting by Diego Oré and Emily Green; Additional reporting by Ana Isabel MartínezEditing by Rod Nickel)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
(Reuters) -Microsoft's suite of productivity softwares was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. There were more than 11,000 incidents of people reporting issues with Microsoft 365, according to Downdetector, which tracks outages by collating status reports from a number of sources, including user-submitted errors on its platform. (Reporting by Juby Babu in Mexico City; Editing by Sahal Muhammed)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
Oct 9 (OPTA) – Results and fixtures for the Friendlies on Thursday (start times are GMT) Friendlies 3 ———————————————— Uzbekistan v Kuwait (13:00) Friendlies 1 ———————————————— Romania (2) 2 Moldova (1) 1 England (3) 3 Wales (0) 0 Poland v New Zealand in play Morocco v Bahrain in play Friday, October 10 fixtures (GMT) Japan v Paraguay (1020) Korea Republic v Brazil (1100) Uruguay v Dominican Republic (1245) Jordan v Bolivia (1600) Russia v IR Iran (1700) Chile v Peru (2300) Canada v Australia (2330) Saturday, October 11 fixtures (GMT) Argentina v Venezuela (0000) United States v Ecuador (0030) Grenada v Cuba (2330) Sunday, October 12 fixtures (GMT) Mexico v Colombia (0100) Malta v Bosnia-Herzegovina (1700) Monday, October 13 fixtures (GMT) Uzbekistan v Uruguay (1245) Montenegro v Liechtenstein (1600) Puerto Rico v Argentina (2300) Tuesday, October 14 fixtures (GMT) IR Iran v Tanzania Venezuela v Belize (0100) Japan v Brazil (1030) Korea Republic v Paraguay (1100) Norway v New Zealand (1600) Albania v Jordan (1700) Russia v Bolivia (1700)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
VIDEO SHOWS: FIA EXTREME H WORLD CUP DAY ONE HIGHLIGHTS SENDING WITH COMPLETE SCRIPT SHOWS: QIDDIYA CITY, SAUDI ARABIA (OCTOBER 9, 2025) (EXTREME H – See restrictions) 1. FIRST PLACE TEAM KMS' MIKAELA AHLIN-KOTTULINSKY (SWEDEN) IN ACTION DURING TIME TRIAL 2. ONBOARD WITH AHLIN-KOTTULINSKY 3. VARIOUS OF AHLIN-KOTTULINSKY IN ACTION 4. VARIOUS OF TEAM KMS' JOHAN KRISTOFFERSSON (SWEDEN) IN ACTION 5. AHLIN-KOTTULINSKY CLAPPING AS SHE WATCHES ON FROM GARAGE 6. ONBOARD WITH KRISTOFFERSSON 7. KRISTOFFERSSON'S SUV SLOWING DOWN AFTER TIME TRIAL 8. AHLIN-KOTTULINSKY HUGGING KRISTOFFERSSON AS HE EXITS SUV 9. VARIOUS OF SECOND PLACE JAMEEL MOTORSPORT'S MOLLY TAYLOR (AUSTRALIA) IN ACTION 10. JAMEEL MOTORSPORT'S KEVIN HANSEN (SWEDEN) IN ACTION 11. ONBOARD WITH HANSEN 12. VARIOUS OF HANSEN IN ACTION 13. VARIOUS OF THIRD PLACE TEAM HANSEN'S ANDREAS BAKKERUD (NORWAY) IN ACTION 14. VARIOUS OF TEAM HANSEN'S CATIE MUNNINGS (UK) IN ACTION 15. AHLIN-KOTTULINSKY AND KRISTOFFERSSON RECEIVING MEDALS STORY: The FIA Extreme H World Cup kicked off in the Saudi desert outside Qiddiya City on Thursday (September 9) with Team KMS drivers Johan Kristoffersson and Mikaela Ahlin-Kottulinsky earning the event's first medals. The Swedish duo topped a tight time trial just 0.591 seconds ahead of Jameel Motorsport’s Kevin Hansen and Molly Taylor in second with Andreas Bakkerud and Catie Munnings of Team Hansen coming third. The off-road event is the world's first FIA-sanctioned hydrogen-powered race event and features 16 drivers from eight teams. Extreme H is an evolution of the Extreme E series, which promoted sustainability and electric vehicles by racing SUVs in harsh areas already suffering environmental damage. The new format, with Pioneer 25 cars and hydrogen produced by splitting water through electrolysis using renewable energy, began with rally-style racing against the clock on Thursday and will also feature driver head-to-heads on Friday and an eight-car final on Saturday. Extreme H founder Alejandro Agag told Reuters last month that there would be a Hydrogen World Cup every year, eventually expanding to two or three events in the region. (Production: Conal Quinn)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
