PARIS (Reuters) – Danone raised its 2022 revenue growth outlook after posting a 7.7% jump in second quarter like-for-like sales – beating analysts’ forecasts for 5.6% growth – reflecting price increases and strong demand for baby food and bottled water. Danone, which is the world’s largest yoghurt maker, said it now expected like-for-like sales growth…
BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed, staying below $100 per barrel. Wall Street tumbled Tuesday after Walmart…
CANBERRA, Australia (AP) — Australian inflation rose farther, according to new data released on Wednesday that increases the likelihood of the central bank next week hiking interest rates for a fourth consecutive month. Inflation in the year through June was 6.1%, up from 5.1% in the year through March, the Australian Bureau of Statistics said….
DHAKA (Reuters) – Bangladesh has asked the International Monetary Fund to start negotiations for a loan, the finance minister told the Prothom Alo newspaper, while adding that the macroeconomic situation was “no way in trouble”. The minister, A.H.M. Mustafa Kamal, said, “The IMF was requested to start a formal negotiation to obtain loans for balance…
