By Eric Onstad LONDON (Reuters) – The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world’s seventh largest producer of the radioactive metal, but a consultancy said prices may rise in coming weeks. The spot price of uranium, widely used for…
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new orders, offsetting a pickup in production, data showed on Tuesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 49.6 in July from 48.8 in…
SAO PAULO (Reuters) – Industrial production in Brazil surprised economists with a small increase in June, but the positive figures are unlikely to prevent the central bank from kicking off a monetary easing cycle later this week. In Latin America’s largest economy, industrial output was up 0.1% in June from May, data from statistics agency…
By Naveen Thukral SINGAPORE (Reuters) – Rice exporters in Thailand and Vietnam are re-negotiating prices on sales contracts for around half a million metric tons for August shipments, two trade sources said, as India’s ban has tightened global supplies. Exporters are rushing to cover rice supplies from farmers who have raised prices following a surge…
(Reuters) – Food distributor Sysco Corp missed Wall Street expectations for quarterly sales on Tuesday, as inflation-hit consumers restrict discretionary spending on products such as custom cuts of meat and seafood. Surging inflation has begun to eat into consumers’ disposable income, forcing shoppers to prioritize spending on necessities, making little room for demand for non-essential…
By Ceyda Caglayan ISTANBUL (Reuters) – Turkey’s banking watchdog has stopped allowing credit card payments by instalment for foreign travel, such as flights, travel agency fees and accommodation, in a step seen dealing a blow to foreign travel operators. The move, which hit airline shares and was seen as curbing foreign currency outflows, was one…
(Reuters) – Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light. The brewer joins rivals Anheuser-Busch InBev, Brown-Forman and Constellation Brands that have recently posted upbeat results, supported by higher pricing and steady demand for alcoholic beverages. For the…
By Nikunj Ohri, Shivangi Acharya and Aftab Ahmed NEW DELHI (Reuters) – As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter. Tesla has been in talks…
SYDNEY (Reuters) – A UNESCO heritage committee on Tuesday stopped short of listing Australia’s Great Barrier Reef as a site that is “in danger” but warned the world’s biggest coral reef ecosystem remained under “serious threat” from pollution and the warming of oceans. Australia has been lobbying for years to keep the reef – which…
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of interest rate hikes across major developed and emerging economies shifted into a lower gear in July with policy makers adopting a more cautious approach in the face of varied inflation rates and a lacklustre global growth backdrop. Three of the six…
