(Reuters) -Hasbro Inc forecast annual profit below Wall Street estimates on Thursday, slammed by a sharp decline in demand as more customers cut back spending on its toys and games amid rising prices. Elevated freight and supply chain expenses have also crimped profits for the maker of Transformers toys and NERF blasters even though it…
MOSCOW (Reuters) – A Russian government commission has approved the sale of Swedish furniture maker IKEA’s factories in Russia to two local buyers, paving the way for a deal to be struck, a government official was quoted as saying on Thursday. Western companies announced plans to leave Russia after it sent tens of thousands of…
By Gilles Guillaume and Ingrid Melander BOULOGNE-BILLANCOURT, France (Reuters) – French carmaker Renault announced a dividend for the first time in four years, flagging improving margins and earnings as well as a full order book as its ongoing revamp starts to bear fruit. Though the company swung back to a loss with the hit from…
By Dominique Vidalon PARIS (Reuters) -Pernod Ricard on Thursday said it expected robust annual sales growth as the French spirits group plans more price hikes in China and the United States to offset high costs of energy, glass and packaging. Pernod, which owns Martell cognac, Mumm champagne and Absolut vodka, posted forecast-beating first-half profit and…
By Gilles Guillaume BOULOGNE-BILLANCOURT, France (Reuters) -French carmaker Renault announced a dividend for the first time in four years as its ongoing revamp starts to bear fruit with better then expected operating margins. Though the company swung back to a loss with the hit from its withdrawal from Russia, 2022 group operating margin doubled from…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Kazuo Ueda, the government’s nominee to become the next Bank of Japan (BOJ) governor, will speak at a confirmation hearing at the lower house of parliament on Feb. 24, a ruling party official said on Thursday. The hearing will be closely watched by markets for clues on…
PARIS (Reuters) -Airbus slowed the production ramp-up of its best-selling A320neo-family jet and targeted 2023 jet deliveries in line with its original estimate for last year as the world’s largest planemaker bowed to industrial pressure on supplies. The France-based group also targeted an adjusted operating profit of 6.0 billion euros ($6.4 billion) in 2023 after…
By Tom Westbrook SINGAPORE (Reuters) – Asia’s stocks rose on Thursday, with investors choosing to cheer strong U.S. retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5%, its best session in more than a…
By Joe Cash BEIJING (Reuters) -China’s state planning body and finance ministry on Thursday said they will craft policies aimed at stimulating spending on housing and unlocking consumer savings that have been built up during the pandemic. The announcements, reported by state media, also included plans to help the elderly, improve child care services and…
(Reuters) – A Senate committee on Wednesday called for greater parliamentary oversight of the Bank of Canada and more transparency from the central bank as it battles to restore credibility lost during last year’s fight to contain inflation. The Bank of Canada has come under a rare attack from critics, including opposition Conservative leader Pierre…
