Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums, offsetting rising input costs for the company and the suspension of operations in Russia. Coca-Cola was among the companies to pull the plug on Russian operations after the country invaded neighboring Ukraine. But on Monday,…
TOKYO (Reuters) -Shares of Nissan Motor Co Ltd slumped 5% on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA may consider lowering its stake in the Japanese automaker. Bloomberg reported on Friday that Renault may consider lowering its Nissan shareholding as part of plans to separate…
BERLIN (Reuters) -The German government is set to hike its inflation forecast for this year to 6.1% due to the impact of the war in Ukraine, up from 3.3% it had forecast in January, according to government document seen by Reuters on Monday. Berlin, which is due to present its spring economic forecasts on Wednesday,…
HONG KONG/BEIJING (Reuters) -China’s central bank met banks last week to discuss the disposal of non-performing assets by property developers, four sources with knowledge of the matter said, as regulators seek to shore up the real estate industry which has been knocked by defaults. A dozen of cash-strapped property firms, including China Evergrande Group and…
By Makiko Yamazaki and Yuki Nitta TOKYO (Reuters) – Mizuho Financial Group plans to beef up its U.S. operations for M&A advisory and equity underwriting, its chief executive said, as Japan’s No. 3 lender aims to grab a bigger share of the world’s largest investment banking fee pool. The latest U.S. drive comes after Mizuho…
By Sruthi Shankar and Anisha Sircar (Reuters) -The main European stock indexes fell more than 1% on Monday as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French President Emmanuel Macron’s election victory over the weekend. The continent-wide STOXX 600 index slumped 1.5% to its lowest since…
(Reuters) – The Russian rouble opened stronger on Monday, firming past 74 against the dollar, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday. At 0726 GMT, the rouble was 2.2% stronger against the dollar at 73.80, hovering…
A look at the day ahead in markets from Sujata Rao. Okay, a collective sigh of relief that France re-elected the pro-business Emmanuel Macron rather than vote in far-right opponent Marine Le Pen. But markets are far from jubilant. That’s because the French election is so last week. Instead it’s been superceded by fears for…
(Reuters) – From HSBC and Volvo in Europe to Apple and McDonalds on Wall Street, first-quarter earnings are coming in thick and fast. But will they give lacklustre stock markets a lift? In France, a Marine Le Pen presidency has not come to pass, with Emmanuel Macron winning the Sunday’s election. Now the wait is…
PARIS (Reuters) -French media giant Vivendi’s first-quarter sales grew by 7.9% at constant exchange rates and excluding acquisitions, driven by its pay-TV and advertising operations, it said on Monday. Total revenue advanced to 2.38 billion euros ($2.56 billion) from 2.1 billion a year ago. Pay-TV Canal Plus, now the company’s biggest asset after the spin-off…
