By Dominique Vidalon PARIS (Reuters) -French spirits group Remy Cointreau beat third-quarter sales forecasts and said it was confident that demand for its premium cognac in China, the United States and Europe would underpin profit growth this year. For the 2021/22 full year, Remy Cointreau kept a forecast of “very strong” organic growth in current…
ZURICH (Reuters) – Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021. It returned to a net profit of 774 million Swiss francs ($845 million), from a 53 million loss in 2020, while sales at constant currency rose nearly 30% to 7.31…
By Kevin Buckland TOKYO (Reuters) – The safe-haven yen and U.S. dollar rose on Tuesday while the risk-sensitive New Zealand dollar fell with the euro amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Federal Reserve policy tightening. The Australian dollar rose briefly after strong consumer price numbers…
MEXICO CITY (Reuters) -Walmart’s Mexico unit said on Monday it is considering “strategic alternatives” to its operations in Central America, including a sale or joint venture, a move analysts said would help it focus on the more profitable Mexican market. Walmart de Mexico, known locally as Walmex, runs about 860 stores in Central America, making…
HOUSTON (Reuters) – Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United Steelworkers Union (USW) and oil companies, the union told members in a message seen by Reuters. Talks for the new pact began on Jan. 13 between the USW and lead company negotiator Marathon…
By Selena Li and Xie Yu HONG KONG (Reuters) – Asian shares and U.S. futures tumbled on Tuesday after a tumultuous Wall Street session, with investors nervous about the situation in Ukraine and eyeing the U.S. Federal Reserve amid worries about a move to tighter monetary policy globally. NATO said on Monday it was putting…
(Reuters) – Logitech International reported a 2% drop in third-quarter sales as the computer peripherals-maker lapped tough comparisons from a year earlier, when the pandemic triggered booming demand for its products. Sales fell to $1.63 billion in the three months to the end of Dec. 2021. Sales of $1.67 billion a year earlier had been…
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Tuesday recent price rises in the country were driven largely by rising energy and global commodity costs. “It’s desirable to create an environment in which companies can pass on rising costs, raise wages, so that increasing consumption spurs economic growth and inflation,” Kishida told parliament….
By Cynthia Kim SEOUL (Reuters) – South Korea’s economy expanded at the fastest pace in 11 years in 2021 thanks to record exports, though a slowdown in capital investment cast a cloud over the outlook for growth this year. Tuesday’s data from the Bank of Korea showed gross domestic product (GDP) expanded 4.0% in 2021,…
By Svea Herbst-Bayliss (Reuters) -Peloton Interactive Inc’s stock surged on Monday after investment firm Blackwells Capital urged the exercise equipment maker’s board to fire its chief executive and put the company up for sale. The company’s shares climbed nearly 10% to close trading at $29.71 after having dropped 3.4% in premarket trading on a day…
