(Reuters) – Keurig Dr Pepper Inc beat Wall Street estimates for quarterly results on Thursday and forecast higher annual sales, as the soda maker benefits from multiple rounds of price hikes that helped counter slowing demand due to still high inflation. The results are the latest evidence that consumer companies have been largely able to…
By Linda Pasquini and Marta Frackowiak (Reuters) -Swiss specialty chemicals maker Clariant on Friday said it still expected the second half of 2023 to be stronger than the first, with higher revenue and profit driven by a strong catalysts order book, after second-quarter profit beat its forecast. The comments come as European chemicals makers, including…
(Reuters) – The Bank of Japan made its yield curve control policy more flexible and loosened its defence of a long-term interest rate cap on Friday, in moves seen by investors as a prelude to an eventual shift away from massive monetary stimulus. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting…
HONG KONG (Reuters) – The hearing for a winding-up petition against China Evergrande Group has been adjourned to Oct. 30 from July 31, a Hong Kong court diary showed. The adjournment was initiated by the petitioner in order to wait for the result from Evergrande’s meeting with creditors on Aug. 23 to vote on its…
By John O’Donnell FRANKFURT (Reuters) – Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to contain its problems. Sweden first embraced property in the mid-1980s, when the country scrapped strict limits on lending, triggering a free for all…
By Kirsty Needham SYDNEY (Reuters) -Australia’s Prime Minister Anthony Albanese said he was confident a deal for the U.S. to sell nuclear powered submarines to Australia was on track, ahead of talks between defence and foreign ministers of the two countries on Friday. Twenty-five U.S. Republican lawmakers told President Joe Biden on Thursday the plan…
(Reuters) -France’s Vinci reported a jump in its half-year profit on Friday, driven by strong energy transition trends and air travel recovery. Europe’s biggest construction and concessions company benefits from higher traffic at its airports and renewable energy investments in non-residential construction. “The Energy business, which is being driven by powerful megatrends related to the…
(Reuters) – Ukrainian forces pressed their counteroffensive through the Russian-occupied southeast on Thursday, capturing the village of Staromaiorske in a campaign to drive a wedge through Russian defensive positions. The counteroffensive has focused on securing villages on the southward push and areas around the eastern city of Bakhmut, taken by Russian forces in May after…
By Joice Alves LONDON (Reuters) – European stocks may manage to emerge from this earnings season in the black, despite China’s faltering economy and persistent global inflation, as expectations are so low that investors are likely to warmly welcome any positive surprises. But there are fewer of those than usual. About a sixth of the…
By Kevin Buckland TOKYO (Reuters) – Japan’s benchmark bond yield soared to a nine-year high and the yen rallied after the Bank of Japan’s decision on Friday to conduct its yield curve control (YCC) policy more flexibly. The BOJ maintained guidance allowing the 10-year yield to move 0.5% around the 0% target, but said those…
