Exclusive-Prosecutors in Brazil state sue AngloGold Ashanti over dam safety

By Marta Nogueira RIO DE JANEIRO (Reuters) – Public prosecutors in the Brazilian state of Minas Gerais have filed a lawsuit against AngloGold Ashanti seeking 50 million reais ($9.91 million) in damages after the gold mining company allegedly withheld expert advice from authorities indicating a lack of stability in one of its dams, according to…

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Kremlin warns of more asset seizures after move against Fortum and Uniper

By Alexander Marrow, Gleb Stolyarov and Anne Kauranen (Reuters) -The Kremlin said on Wednesday it could seize more Western assets in retaliation for foreign moves against Russian companies, after taking temporary control of assets belonging to two European state-owned utilities. President Vladimir Putin late on Tuesday signed a decree placing the Russian assets of Finland’s…

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Activision Blizzard Pre-releases Earnings After Britain Blocks Microsoft Deal

Activision Blizzard Pre-releases Earnings After Britain Blocks Microsoft Deal

(Reuters) – “Call of Duty” maker Activision Blizzard beat quarterly bookings estimates on Wednesday, as it reported results a day earlier to allay concerns about its business after Britain blocked its $69 billion buyout by Microsoft Corp . Shares of the company were trading 10% lower, showing little reaction to the earnings report. Activision said…

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Activision Blizzard pre-releases earnings after Britain blocks Microsoft deal

(Reuters) – “Call of Duty” maker Activision Blizzard beat quarterly bookings estimates on Wednesday, as it reported results a day earlier to allay concerns about its business after Britain blocked its $69 billion buyout by Microsoft Corp . Shares of the company were trading 10% lower, showing little reaction to the earnings report. Activision said…

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Danone raises sales outlook as shoppers absorb price hikes

By Dominique Vidalon PARIS (Reuters) -Danone, the world’s largest yoghurt-maker, raised its 2023 outlook on Wednesday after it managed to pass on increased costs through price rises and first-quarter sales growth was the fastest in a decade. Danone, which expects prices to peak this year and also anticipates productivity gains, kept its forecast for a…

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CME profit rises as volatility spurred risk hedging

(Reuters) -CME Group Inc on Wednesday posted first-quarter profits that beat Wall Street expectations, as traders turned to the exchange operator’s hedging products to navigate market volatility related to worries about the banking sector and slowing macroeconomic growth. The recent regional banking failures along with the U.S. Federal Reserve’s continued rate hike cycle has roiled…

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Putin signs decree taking over Russian assets of two foreign firms

By David Ljunggren (Reuters) – President Vladimir Putin on Tuesday signed a decree establishing temporary control of the Russian assets of two foreign energy firms, signaling Moscow could take similar action against other companies if need be. The decree – outlining possible retaliation if Russian assets abroad are seized – showed Moscow had already taken…

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Companies’ cost inflation is slowing but shoppers may wait for lower prices

By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see significantly lower price tags for household goods. Rising expenses for everything from sunflower oil…

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