Category: Forex

Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season.Brent crude (ICEEUR:BRN1!) futures for July rose 46 cents, or 0.4%, to $114.02 a barrel b…

Brazilian food retailer GPA (BMFBOVESPA:PCAR3) said on Tuesday that shareholders in its subsidiary Almacenes Exito (BVC:EXITO) have approved a share buyback program on the Colombian Stock Exchange.According to a securities filing, Exito shareholders wh…

TOKYO, May 25 (Reuters) – Japan’s benchmark Nikkei average opened down 0.14 percent at 26,711.53 on Wednesday, while the broader Topix shed 0.11 percent at 1,876.11.

Japan kept the overall view on its economy unchanged in May, saying it showed signs of improvement and removing a reference to the coronavirus in its headline assessment for the first time since the start of the pandemic.”The economy is showing signs o…

Japan kept the overall view on its economy unchanged in May, saying it showed signs of improvement and removing a reference to the coronavirus in its headline assessment for the first time since the start of the pandemic.”The economy is showing signs o…

US stocks were higher on Monday following positive commentary from President Joe Biden concerning tariffs on Chinese goods imposed by the Trump administration. The Dow Jones Industrial Average climbed by 2% to 31,880.24, while the S&P 500 was up by 1.9…

FormFactor (NASDAQ:FORM) said late Monday its board approved a $75 million stock repurchase authorization set to expire May 20, 2024. The company said the new authorization is in addition to the remaining balance under its existing repurchase program, …

SARAJEVO (Bosnia and Herzegovina), May 23 (SeeNews) – SARAJEVO (Bosnia and Herzegovina), May 23 (SeeNews) – Bosnia’s Federation posted a trade deficit of 2.16 billion marka ($1.2 billion/ 1.1 billion euro) in the first four months of this year, compare…

WALL STREET ENDS HIGHER, THANKS TO JPMORGAN AND APPLE (1605 EDT/2005 GMT)Wall Street ended sharply higher on Monday, with gains in banks as well as megacaps Apple and Microsoft lifting the main indexes following sharp declines in recent weeks.JPMorgan …

Zoom Video Communications Inc (NASDAQ:ZM) on Monday reported its slowest quarterly revenue growth since the company went public, as demand for its video-conferencing tools eased as people returned to work. The company said revenue rose 12% to $1.07 bil…

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Danish engineering group Topsoe plans to build Europe’s biggest plant making electrolysers – machines that produce the green hydrogen considered a cornerstone of the shift to cleaner energy. Hydrogen is categorised as green when made using renewable po…

A military cargo plane carrying the first shipment of infant formula from Europe to help address a critical shortage in the United States landed in Indianapolis on Sunday, but a top government official noted that much more needs to be done.A Feb. 17 re…

A military cargo plane carrying the first shipment of infant formula from Europe to help address a critical shortage in the United States landed in Indianapolis on Sunday, but a top government official noted that much more needs to be done.A Feb. 17 re…

Pakistan’s opposition leader and former prime minister Imran Khan on Sunday announced the date of a march to Islamabad to demand dissolution of assemblies and a date for elections, as the South Asian nation continues to slide into political and economi…

Iraq’s federal government aims to establish a new oil company in the Kurdistan region, the oil ministry said on Saturday. The aim of the new company will be to enter into new service contracts with oil firms currently operating there under the Kurdista…

Australian Treasurer Josh Frydenberg was poised to become one of the country’s highest-ranking cabinet ministers to ever be voted out of parliament on Saturday as he acknowledged it would be difficult to cling onto his seat in the national election.The…

Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete the opposition Labor party looked likely to form a government.”Tonight I have spoken to the Leader o…

Iraq’s federal government aims to establish a new oil company in the Kurdistan region, the oil ministry said in a statement on Saturday. The aim of the new company will be to enter into new service contracts with oil firms currently operating there und…

The Australian Labor party will topple the ruling conservatives at a national election although it may have to form a minority government, the Australian Broadcasting Corp said on Saturday.Initial vote counts showed Prime Minister Scott Morrison’s cons…

Australia’s ruling conservative government will not win enough seats to form a government, two television stations said on Saturday.Early vote counts showed Prime Minister Scott Morrison’s conservative coalition and the Labor opposition losing ground t…

South African state utility Eskom said it would increase the frequency of rotational power cuts on Saturday and Sunday due to higher than expected demand and after some units tripped.It said it would increase rotational power cuts to “Stage 4” from “St…

Britain’s Conservative government needs to take measures now to help those most effected by a worsening cost-of-living crunch, former party leader and senior lawmaker Iain Duncan Smith said on Saturday.British inflation surged last month to its highest…

Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues are expected to reach between $10 billion and $12 billion by then, despite the Uk…

A domestic industry source informed the Polymerupdate team about price revision of DEG announced by Indian Oil Corporation Ltd (IOCL).The source said, “we have been told that DEG local prices have been increased by Rs.1.20/kg basic, with effect from Ma…

Russia’s Gazprom (MOEX:GAZP) said on Saturday it had halted gas exports to neighbouring Finland, confirming what the Finnish system operator Gasgrid Finland said earlier. Gazprom Export has demanded that European countries pay for Russian gas supplies …

S-Oil Corp has taken offstream its No. 1 Paraxylene (PX) unit in Onsan.A Polymerupdate source in South Korea informed a team member,

BASF has brought onstream its 2-ethylhexanol (2-EH) unit following an unplanned shutdown.A Polymerupdate source in the US informed a team member,

Russia’s Gazprom (MOEX:GAZP) on Saturday halted gas exports to neighbouring Finland, the Finnish gas system operator said, the latest escalation of an energy payments dispute with Western nations.Gazprom Export has demanded that European countries pay …

Russia’s Gazprom (MOEX:GAZP) on Saturday halted gas exports to neighbouring Finland, the Finnish gas system operator said, the latest escalation of an energy payments dispute with Western nations.Gazprom Export has demanded that European countries pay …

Boeing’s (NYSE:BA) new Starliner crew capsule docked for the first time with the International Space Station (ISS) on Friday, completing a major objective in a high stakes do-over test flight into orbit without astronauts aboard.The rendezvous of the g…

The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue.Biden said on Twit…

Brazil’s state-run oil company Petrobras said late on Friday that its natural gas imports so far this month from Bolivian state oil firm YPFB are 30% less than what has been contractually agreed, causing problems for the company’s operational planning….

Lotte Chemical Titan has reduced run rate at its Polypropylene (PP) unit in Pasir Gudang.A Polymerupdate source in Malaysia informed a team member,

Boeing’s (NYSE:BA) new Starliner crew capsule docked to the International Space Station (ISS) on Friday, completing a major objective in a high stakes do-over test flight into orbit without astronauts aboard.The rendezvous of the gumdrop-shaped CST-100…

Chicago Mercantile Exchange live cattle futures were mixed on Friday, with the nearby contract firming while the most-active month eased, pressured by expectations of increased cattle placements in the U.S. Agriculture Department’s monthly assessment. …

Canada’s main stock index rose on Friday, helped by gains for the utilities and energy sectors, but sentiment remained fragile as U.S. stocks flirted with territory that would confirm a bear market.The Toronto Stock Exchange’s S&P/TSX composite index (…

Larry Ellison, billionaire chairman and co-founder of Oracle Corp (NYSE:ORCL), participated shortly after the November 2020 U.S. presidential election in a phone call focused on strategies for contesting former President Donald Trump’s defeat, accordin…

Larry Ellison, billionaire chairman and co-founder of Oracle Corp (NYSE:ORCL), participated shortly after the November 2020 U.S. presidential election in a phone call focused on strategies for contesting former President Donald Trump’s defeat, accordin…

Blackstone Inc’s (NYSE:BX) credit investment unit said on Friday it has bought a 49% stake in a liquefied natural gas (LNG) facility in Georgia from private equity firm EIG Global Energy Partners.The deal, whose terms were not disclosed, comes at a tim…

Lebanon’s telecommunications sector will begin using the central bank’s Sayrafa exchange platform for phone services, including calls and mobile data, Telecoms Minister Johnny Corm said on Friday, meaning a large jump in prices. The telecommunications …

Evofem Biosciences (NASDAQ:EVFM) said it priced an offering of about 22.7 million shares, 12.8 million pre-funded share warrants, and warrants to purchase up to 71 million shares for gross proceeds of about $26.6 million. Shares were down 61% by Friday…

Brazil’s Ecorodovias SA (BMFBOVESPA:ECOR3) won an auction on Friday to operate for 30 years the 727-kilometer highway system Rio-Valadares.The highway operator, which was the only bidder, offered a 3.11% discount from the initial auction toll price, an…

The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder.At iss…

The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder.At iss…

WILL CRYPTO SLUMP CRIMP U.S. SPENDING? NOT MUCH (1025 EST/1425 GMT)The terraUSD crash and the wider crypto pullback last week cost many individuals their entire life savings and hurt pockets of the market that were exposed to the terra project. But the…

State-level data released by the Bureau of Labor Statistics Friday showed the unemployment rate fell in 13 states and the District of Columbia in April and were steady elsewhere. The largest unemployment rate decline was in Maryland, where it fell by 0…

Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday, but he added that no decision on the matter was taken at a meeting with his G7 counterparts…

MAJOR U.S. INDEXES POISED TO EXTEND WEEKLY LOSING STREAKS (1003 EDT/1403 GMT)Wall Street’s main indexes are higher early on Friday with banks and megacap growth shares rising on the last day of a week that saw heightened volatility on concerns about th…

The African Development Bank on Friday approved a $1.5 billion emergency food production facility for 20 million farmers on the continent to avert a looming food crisis brought on by Russia’s invasion of Ukraine, a statement from the bank said.

Ukrainian farmers have almost completed the sowing of spring wheat for the 2022 harvest and the overall rate of this year’s spring crop sowing is 25% lower than at the same date in 2021, the agriculture ministry said in Friday.Ukraine plans to sow 14.2…

BlackRock’s iShares will delist its MSCI Russia exchange-traded fund on or around June 22 because it is being closed, the company said in a statement on Friday.The American depositary receipt/global depositary receipt-based fund is currently suspended,…

Yiren Digital Ltd (NYSE:YRD) said Friday it has received a non-compliance notice from the New York Stock Exchange for its failure to file its 2021 annual report with the US Securities and Exchange Commission within the prescribed period. The delay was …

OTP Bank (BET:OTP) will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian invasion, an executive at the Hungarian bank told Reuters. Central Europe’s largest indepen…

European natural gas prices dropped to their lowest level since the start of the Russia-Ukraine war as increased imports of liquefied natural gas eased concerns of supply disruptions from Russia, Australia’s ANZ Bank said in a Friday note. At least 10 …

Zurich Insurance (SIX:ZURN) has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurance became the latest company to announce its exit from the Russian market.A slew of companies — from McDonalds (NY…

China’s commercial hub of Shanghai reported on Friday a broad decline in its economy last month when a city-wide COVID lockdown shut factories and kept residents at home, sparking concerns among foreign firms over their presence in the country. Outp…

The Indonesian rupiah firmed on Friday after the government said it would lift an export ban on palm oil, while equities in Asia advanced after China cut a key lending rate to support the slowing economy.Equities in Seoul (KRX:KOSPI) rose around 1.8%, …

China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters’ calculations based on official Chinese customs data.Saudi shipments amounted to 8…

China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters’ calculations based on official Chinese customs data.Saudi shipments amounted to 8…

China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive credit demand to prop up the economy.Senior officials have pledged further measures to fight a slowdown i…

Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labour unions said, raising the risk of strike action that would disrupt oil and gas exploration.The talks between the Norwegian Shipowners’ Association (NSA) and …

SWK Holdings (NASDAQ:SWKH) said Thursday it filed a universal shelf registration statement covering the sale of up to $200 million of its securities from time to time. The life-sciences focused specialty finance company is considering issuing senior an…

Natural Gas Services Group (NYSE:NGS) said Stephen Taylor entered into a negotiated retirement agreement and then resigned as the company’s chief executive officer and president. Taylor will continue as chairman, a regulatory filing from the company sa…

US stocks closed in negative territory on Thursday after a choppy trading session, adding to losses from Wednesday when markets witnessed a sharp sell-off across major equity benchmarks. The Dow Jones Industrial Average fell by 0.8% to 31,253.13 while …

French utility EDF (EURONEXT:EDF) said on Thursday it was pushing back the start date on its Hinkley Point C nuclear reactor to June 2027 and now estimated project costs in the range of 25 billion to 26 billion pounds ($31 to $32 billion).”The start of…

Existing home sales dropped more than expected in April as high prices and mortgage rates continue to affect buyer activity even as supply improves, the National Association of Realtors said Thursday. Sales fell 2.4% last month from March to a seasonal…

British e-commerce company THG (LSE:THG) was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid. The nutrition, beauty and e-commerce pla…

Mercurity Fintech (NASDAQ:MFH) said it is no longer compliant with the Nasdaq listing rule relating to filing its Form 20-F for a period last year. If Nasdaq accepts the company’s plan to regain compliance, it will have until Oct. 28 to comply with the…

Shell (LSE:SHEL) and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation.Under the terms of a memora…

Shell (LSE:SHEL) and Brazil’s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation.Under the terms of a memora…

India is considering allowing traders to ship out some of their wheat sitting at ports after a sudden ban on exports of the grain prevented dealers from loading cargoes, trade and government sources said on Thursday.New Delhi banned wheat exports on Sa…

Russian fuel oil arrivals offshore Greece jumped to record levels in April, as sanctions on Moscow drive traders to find new ways to export Russian oil via ship-to-ship (STS) loadings, Refinitiv Eikon data showed and sources said.Trading Russian crude …

Siga Technologies Inc (NASDAQ:SIGA) has received requests for the use of its smallpox drug for treating monkeypox as cases spread in parts of Europe, its chief executive officer told Reuters on Thursday.”As you can imagine with the outbreak in Europe, …

The South African rand firmed further against the dollar on Thursday after the central bank hiked its prime lending rate (ZAREPO=ECI) by 50 basis points to 4.75%, its biggest hike in more than six years, in a move to reign in inflation.At 1410 GMT, the…

Online retail sales rose 2.4% in the US on a seasonally adjusted basis in Q1 after an increase of 1.6% in the prior quarter and were up 6.6% from a year earlier, the US Census Bureau reported. The year-over-year increase was much smaller than the 10.9%…

Alpine Acquisition Corporation and Two Bit Circus, Inc. said Thursday that they have entered into a definitive agreement for a merger in a $50 million all-stock transaction. Alpine also entered into a definitive agreement with affiliates of Atrium Hosp…

The US dollar was weaker against its major trading partners early Thursday ahead of a busy data schedule, with weekly initial jobless claims at 8:30 am ET and April existing home sales at 10:00 am ET among the key readings. Also scheduled for release o…

Aileron Therapeutics (NASDAQ:ALRN) said Thursday it enrolled the first patients in the phase 1b clinical trial to evaluate its ALRN-6924 product in the treatment of p53-mutated breast cancer. The product is designed to protect against chemotherapy-indu…

U.S. oil and gas company Centennial Resource Development Inc (NASDAQ:CDEV) said on Thursday it would merge with Colgate Energy Partners III LLC, creating a $7 billion Permian Basin focused firm.The combined company has current production of about 135,0…

The benchmark US stock measures were set to extend their losses on Thursday as futures slid pre-bell amid ongoing retailer weakness as major names in the group reported downbeat results. Standard & Poor’s 500 futures were down 1.1%, the Nasdaq was head…

Saudi Arabia led a decline in most Gulf stock markets on Thursday as investors fled riskier assets on worries about global inflation, China’s zero-COVID policy and the Ukraine war.The main stock index in Saudi Arabia (.TASI) dropped 2.7%, mirroring wea…

Indonesian lawmakers on Thursday requested that the government review an export ban on palm oil, as industry groups warned that one of the country’s leading economic contributors could grind to a halt in coming weeks as storage nears full capacity.Indo…

Indonesian lawmakers on Thursday requested that the government review an export ban on palm oil, as industry groups warned that one of the country’s leading economic contributors could grind to a halt in coming weeks as storage nears full capacity.Indo…

($1 = 128.1000 yen)($1 = 6.7623 yuan)

The Russian rouble firmed past 63 against the dollar on Thursday, propped up by capital controls as well as looming tax payments that usually require extra conversion of foreign currency to roubles to meet local liabilities.The rouble has become the be…

A sharp slowdown in China’s economy caused by its strict zero-COVID rules and Beijing’s shift away from a traditional reliance on external demand have cast doubts over how much the country will contribute to future global trade and investment.While Chi…

A sharp slowdown in China’s economy caused by its strict zero-COVID rules and Beijing’s shift away from a traditional reliance on external demand have cast doubts over how much the country will contribute to future global trade and investment.While Chi…

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it r…

The yuan eased against the dollar on Thursday as market sentiment soured after some major global investment banks cut their expectations for China’s economic growth.Concerns of a potential repeat of Shanghai-like lockdowns in other major Chinese cities…

The yuan eased against the dollar on Thursday as market sentiment soured after some major global investment banks cut their expectations for China’s economic growth.Concerns of a potential repeat of Shanghai-like lockdowns in other major Chinese cities…

TOKYO, May 19 (Reuters) – Japan’s benchmark Nikkei average opened down 1.77 percent at 26,435.32 on Thursday, while the broader Topix shed 1.80 percent at 1,850.82.

Japan’s core machinery orders rose 7.1% in March from the previous month, government data showed on Thursday, versus a 3.7% increase expected by economists in a Reuters poll.Compared with a year earlier, core orders, a highly volatile data series regar…

Canada’s Turquoise Hill Resources Ltd (TSX:TRQ) said on Wednesday Rio Tinto (ASX:RIO), (LSE:RIO) will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.Rio Tinto in Ma…

Retail car sales in China rose to 230,000 units during the period May 9 to 15, up 26% from the same period in April, data from China Passenger Car Association (CPCA) showed. During the first half of May, retail sales increased 27% from the same period …

French power giant EDF (EURONEXT:EDF) said on Thursday it estimated that outages at its nuclear power plants would have a negative impact of around 18.5 billion euros on the group’s core earnings this year, a greater impact than previously estimated.Th…

Arabica coffee futures on ICE fell more than 4% on Wednesday, having hit a 3-1/2 week high in the previous session, as investor fears over frost risk in top producer Brazil began to fade. Raw sugar also fell. COFFEE* July arabica coffee (KCc2) s…

Arabica coffee futures on ICE fell more than 4% on Wednesday, having hit a 3-1/2 week high in the previous session, as investor fears over frost risk in top producer Brazil began to fade. Raw sugar also fell. COFFEE* July arabica coffee (KCc2) s…

Rail traffic in the US fell 5.4% year-over-year in the seven days ended May 14, according to the Association of American Railroads. Volume totaled 505,120 carloads and intermodal units last week, the AAR said Wednesday. Carloads fell 5.2% from the same…

Rail traffic in the US fell 5.4% year-over-year in the seven days ended May 14, according to the Association of American Railroads. Volume totaled 505,120 carloads and intermodal units last week, the AAR said Wednesday. Carloads fell 5.2% from the same…

Most major digital assets fell as of Wednesday late afternoon, tracking the trend of US equity markets. Bitcoin (BITSTAMP:BTCUSD), the largest cryptocurrency by market value, dropped 2.2% in the past 24 hours to $29,102, according to data from CoinDesk…

Most major digital assets fell as of Wednesday late afternoon, tracking the trend of US equity markets. Bitcoin (BITSTAMP:BTCUSD), the largest cryptocurrency by market value, dropped 2.2% in the past 24 hours to $29,102, according to data from CoinDesk…

U.S. natural gas futures edged up about 1% on Wednesday to a fresh one-week high on a drop in daily output over the past few days and forecasts for more demand next week than previously expected.Traders noted prices were also supported by soaring power…

U.S. natural gas futures edged up about 1% on Wednesday to a fresh one-week high on a drop in daily output over the past few days and forecasts for more demand next week than previously expected.Traders noted prices were also supported by soaring power…

Spot basis bids for hard red winter wheat were unchanged at rail and truck market elevators across the southern U.S. Plains on Wednesday, grain dealers said.* Activity on the cash market was quiet, with a sharp decline in futures prices chilling grower…

Russia’s biggest mobile operator MTS (MOEX:MTSS) (MOEX:MTSS) on Wednesday reported a 76.2% year-on-year drop in first-quarter net profit to 3.9 billion roubles ($62.9 million), which it blamed in part on higher interest rates. MTS said in early March, …

BUCHAREST (Romania), May 18 (SeeNews) – Canada-based gas and oil producer Trillion Energy International said on Wednesday it has signed a contract to secure a jack-up rig from Romanian offshore construction services provider Grup Servicii Petroliere (G…

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 8.4 million barrels in the week ended May 13 following an increase of 1.5 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stoc…

HOUSE COOLING PARTY: HOUSING STARTS, BUILDING PERMITS, MORTGAGE DEMAND (1046 EDT/1446 GMT)Data released on Wednesday confirmed that the housing sector’s COVID-era block party is over, and market participants survey the detritus left in the wake of its …

The Czech government is in talks with majority state-owned CEZ (LUXSE:US157214AB31) about restructuring the utility, CEZ and the Finance Ministry said on Wednesday, after a previous government abandoned ideas to split up the company following an earlie…

WHY INVESTORS WILL CONTINUE TO SELL THE RALLIES (1010 GMT)The de-rating from post-Covid peaks has seen Europe’s PE ratio fall by over 30% but strength in earnings has provided a cushion, helping the region’s equities drop only 20% in price.But earnings…

China is set to receive close to two million barrels of Iranian oil this week and pump into a reserve base in south China, according to tanker tracker specialist Vortexa Analytics. Diona, a Very Large Crude Carrier owned by National Iranian Tanker Comp…

Tutor Perini (NYSE:TPC) said Wednesday it won a task order worth $85 million to provide design and construction services for the US Coast Guard’s family housing project in Kodiak, Alaska. The project involves the construction of 50 family housing units…

Lowe’s Cos Inc (NYSE:LOW) reported a bigger-than-expected drop in same-store sales on Wednesday, as demand eased for its home-improvement tools and building materials from pandemic highs.Americans hunkered down during the lockdowns engaged in more do-i…

Pub operator and brewer Marston’s (LSE:MARS) said on Wednesday it was cutting costs and switching up its pricing strategies to counter a surge in food and energy expenses brought by the Russia-Ukraine war and soaring inflation.The group, which operates…

Premier Foods (LSE:PFD), the maker of Mr Kipling cakes and OXO cubes, said on Wednesday it will raise prices of its products as part of plans to tackle rising input cost inflation, after reporting an annual profit that surpassed its forecast.The group,…

Commercial landlord British Land Company Plc (LSE:BLND) returned to annual profit on Wednesday, helped by a gradual recovery in occupancy at its office and retail spaces after the sector was battered due to the pandemic as people stayed at home. The Lo…

British luxury brand Burberry (LSE:BRBY) said its outlook for the year ahead depended on how quickly China, its biggest market, recovered from COVID-19 lockdowns, after meeting expectations for sales and operating profit for its 2022 financial year.The…

Stellantis (MIL:STLA) chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia. India, where Stellantis sells its Jee…

China’s new home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by strict COVID-19 lockdowns in many cities, despite more easing steps aimed at supporting demand.Average new home pric…