By Julie Gordon OTTAWA (Reuters) -Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed on Wednesday, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7% in March, well above analyst expectations of 6.1% and…
(Reuters) – The U.S. has accelerated the permitting of wind and solar projects on federal lands under President Joe Biden, but his administration needs more staff and less administrative red tape to keep up with the clean energy industry’s demand for land, according to a report submitted to Congress on Tuesday. The announcement shows progress…
(Reuters) -Procter & Gamble Co raised its full-year sales forecast on Wednesday as consumer demand for cleaning and personal healthcare products remains resilient despite rising prices, sending its shares up almost 2% in premarket trading. Sales in its fabric and home care unit, the company’s biggest segment, rose 7%, as consumers stocked up on its…
LONDON (Reuters) – The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JP Morgan said in its first annual energy outlook. “Our main finding is that by 2030, energy demand…
(Reuters) – A slump in shares of streaming giant Netflix pointed to a lower open for the Nasdaq on Wednesday, although the other two indexes looked set to extend gains as investors focused on earnings and clues on U.S. interest rates. Netflix Inc slumped 27.4% in premarket trading and dragged down Disney, Roku and Warner…
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan will need to cut expenditures and development funds to try and revive an International Monetary Fund (IMF) programme, Finance Minister Miftah Ismail said on Wednesday. “We will seek revival of the IMF programme, and we will, God willing, do belt tightening, and cut PSDP (Public Sector Development Funds),” Ismail…
(Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday it would work with corporate customers to launch a major corporate sustainable aviation fuel (SAF) programme in Asia, as firms look to shrink their carbon footprint. The flagship carrier said it would work with eight clients including insurer AIA Group, Standard Chartered and HSBC…
By Dominique Vidalon PARIS (Reuters) – Shares in Danone rose over 8% on Wednesday, lifted by a media report of merger interest from French dairy rival Lactalis and stronger than expected first-quarter sales, which reassured investors its revival plan was on track. Despite the robust start to the year, the maker of Activia yoghurt and…
By Juliette Portala (Reuters) -Dutch oil and chemical storage company Vopak beat first-quarter earnings expectations on Wednesday helped by growth projects and a good performance in the Americas which offset challenges in Europe. Its core profit (EBITDA) reached 213.1 million euros in the first three months of 2022, topping the 203 million expected by analysts…
By Scott Murdoch, Harish Sridharan and Anshuman Daga (Reuters) -A group led by KKR & Co made an unsolicited near-$15 billion bid for Ramsay Health Care Ltd on Wednesday, underlining buyout funds’ appetite for healthcare assets and pushing the Australian company’s shares by up as much as 30%. If successful, the takeover would rank as…
