(Reuters) – Conagra Brands Inc raised its full-year profit forecast on Wednesday, as the Slim Jim beef jerky maker bets on price increases and resilient demand for its frozen foods, snacks and other packaged meals. Shares of the company rose about 3% before the bell, after it also edged past analysts’ estimates for third-quarter sales….
BERLIN (Reuters) -Germany’s antitrust regulator has opened the door for measures to curb Apple after deciding that the U.S. tech giant’s market dominance makes it worthy of such measures, the body said in a statement on Wednesday. The Bundeskartellamt regulator has designated Apple a “company of paramount significance for competition across markets”, it said. “The…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past month as fear has stalked global banking, hitting an all-time high of 433,540 contracts on March…
(Reuters) – Exxon Mobil Corp has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The oil and gas giant has stopped current drilling at the offshore acreage it started snapping up with partners for $4 billion in 2017, after failing for…
By Dhara Ranasinghe LONDON (Reuters) – World stock markets stumbled on Wednesday as signs that the economic outlook is weakening spurred caution, while a bigger-than-expected interest-rate hike from New Zealand lifted the kiwi dollar. European stocks fell with the broad STOXX 600 index pulling away from Tuesday’s one-month highs. U.S. equity futures dipped and Japan’s…
By Diana Mandia (Reuters) -French catering and food services group Sodexo plans to spin off and list its Benefits & Rewards Services (BRS) business during 2024, it said on Wednesday, sending its shares up more than 11% in early trading. Sodexo last May scrapped a plan to sell a minority stake in BRS, which delivers…
By Andrey Sychev and Paolo Laudani (Reuters) -Switzerland’s Barry Callebaut, the world’s biggest chocolate maker, on Wednesday appointed Peter Feld as its new chief executive after lowering sales volume guidance as inflation-hit consumers cut back on purchases. Feld succeeds CEO Peter Boone, who is stepping down for personal reasons with immediate effect, the company said….
By Tom Westbrook SINGAPORE (Reuters) – Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar. Asia trade was thinned by holidays in Hong Kong…
By Noele Illien ZURICH (Reuters) – UBS will seek to reassure shareholders on Wednesday that its unexpected takeover of rival Credit Suisse in the biggest bank rescue since the great financial crash can work. Last month, Swiss authorities announced that UBS would buy Credit Suisse in a shotgun merger to stem further banking turmoil after…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation eased for a second consecutive month in March on slower rises in food and transport costs, data showed on Wednesday, supporting the case for the central bank to consider a pause in its monetary tightening cycle. The consumer price index rose…