(Reuters) -U.S. meatpacker Tyson Foods Inc on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. Packaged food makers have so far witnessed very little pushback from consumers on price increases, which were undertaken due to rising costs. The Springdale, Arkansas-based company…
(Reuters) -United Rentals Inc said on Monday it will acquire the assets of smaller rival Ahern Rentals Inc in an all-cash deal for about $2 billion, as the equipment rental firm looks to expand its U.S. presence. The company, which rents out industrial equipment such as vertical lifts, portable generators and mini-excavators, expects to fund…
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Temasek Holdings is considering selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. Two investment banks have been hired to launch a sale process for Singapore-headquartered MedTech, which…
By Clare Jim and Xie Yu HONG KONG (Reuters) -Chinese property stocks and bonds soared on Monday as the market cheered Beijing’s “most comprehensive” support measures aimed at boosting liquidity in the sector in its latest attempt to stabilise a key pillar for the world’s second-largest economy. The package, which sources say lays out multiple…
By Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the present in order to achieve sustainable and stable inflation accompanied by wage growth. Wage inflation, which has lagged policymakers expectations, is set to again take centre…
TOKYO (Reuters) – Sumitomo Mitsui Financial Group Inc, Japan’s second-largest bank, on Monday reported an 8.0% increase in second-quarter net profit. SMFG posted a profit of 272.99 billion yen ($1.96 billion) in the July-September period versus 252.8 billion yen a year earlier, according to Reuters’ calculations based on six-month cumulative figures disclosed in a stock…
By Wayne Cole SYDNEY (Reuters) – Asian share markets were mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks gained on signs of aid for the country’s hard-hit property sector. A modest miss on U.S. inflation was enough to see two-year Treasury…
NUSA DUA, INDONESIA (Reuters) – Dominant cryptocurrency exchange Binance’s chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants “cutting corners”. “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Zhao told a gathering of…
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar held firm on Monday following last week’s bruising dive as Federal Reserve Governor Christopher Waller said that the central bank was not softening its fight against inflation. A slightly cooler-than-anticipated inflation data on Thursday sent the greenback on a tailspin, with the dollar index sliding 3.6%…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the time being so as to achieve sustainable and stable inflation accompanied by wage growth. “We are at a stage where we will continue monetary easing to firmly back economic…
