(Reuters) -French plant-based food company Bonduelle on Monday reported a drop in its full-year operating profit, citing the COVID-19 crisis, unfavourable weather conditions impacting crops, wage inflation, and supply chain disruptions. The war between Russia and Ukraine, once known as the breadbasket of Europe, has sent food and energy prices to record highs, while summer…
PARIS (Reuters) – French airport group ADP confirmed its Paris air traffic outlook for 2022 and 2023, driven by a recovery in the Asian market and by travelers realising planned trips which they had to cancel during the COVID-19 pandemic. “The group therefore remains confident and confirms its assumptions of traffic in Paris between 72%…
TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan’s benchmark Nikkei 225 added 2.3% in morning trading to 26,811.08. Australia’s S&P/ASX 200 surged 2.4% to 6,610.50. South Korea’s Kospi jumped…
A look at the day ahead in European and global markets from Anshuman Daga After a tumultuous quarter that saw global inflation and borrowing costs skyrocket and hammer risky assets, the first trading day of the fourth quarter is probably just what investors needed – a quiet session. Asian equities were mixed in early trade…
By Sonali Paul MELBOURNE (Reuters) – Singapore Telecommunications said on Monday it was assessing the potential costs of the massive cybersecurity breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, Singtel sought to clarify reports it could face a…
By Florence Tan SINGAPORE (Reuters) -Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market. Brent crude futures rebounded $2.51, or 3%, to $87.65 a barrel…
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies. The Aussie was up 0.19% to $0.64230, away from a 2-1/2-year low of $0.63635 hit last…
(This Sept. 30 story corrects previous closing day in second paragraph to Sept 29 from Sept 28 and also stake value to 66.6 mln pounds from 7.55 bln pounds) (Reuters) – Chinese automotive company Zhejiang Geely Holding Group said on Friday it bought a 7.6% stake in British luxury carmaker Aston Martin, but did not…
TOKYO (AP) — Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the world’s third largest economy grapples with rising costs, a weakening currency and slowing global demand. The headline measure for the “tankan,” measuring sentiment among large manufacturers, was plus 8, down from plus…
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market. Brent crude futures rebounded $2.82, or 3.3%, to $87.96 a barrel by 2337 GMT after…
