(Reuters) – Tobacco giant Altria Group on Tuesday edged past Wall Street revenue and profit expectations, buoyed by demand for spitless nicotine pouches and higher pricing. Altria, which has been raising prices to counter the defection of consumers to cheaper brands in the face of persistent inflation, has banked on demand for its premium offerings…
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan announced an increase in petrol and diesel prices on Tuesday to meet fiscal objectives laid down in a deal with the International Monetary Fund (IMF), adding further fuel to its sky-high inflation. The country’s Consumer Price Index rose to 28.3% in July, year-on-year, the statistics…
TOKYO (Reuters) – Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen. “Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement efforts made together…
(Reuters) – Stanley Black & Decker reported a lower-than-expected loss in the second quarter on Tuesday, as cost cut measures cushioned a hit from cooling demand for its power tools. The industrial tools maker last year cut 1,000 jobs in an effort to trim costs, according to media reports. The New Britain, Connecticut-based company reported…
BEIJING (Reuters) -China’s export controls on some gallium and germanium products take effect on Tuesday, with traders braced for a drop in international supply in August and September while exporters sort out newly required permits. China, the world’s top supplier of the two minor metals used to make semiconductors, announced restrictions on the exports of…
By Sharon Bernstein (Reuters) – In addition to writing about their favorite songs and why they want to go to college, students applying to Emory University in Atlanta this fall will get new essay prompts aimed at teasing out details about their cultural backgrounds. The revised questions are among the changes at Emory and other…
(Reuters) – Uber Technologies said on Tuesday Chief Financial Officer Nelson Chai will leave the ride-hailing company in January next year. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
SHANGHAI/BEIJING (Reuters) – China’s currency regulators are asking some commercial banks to reduce or postpone their purchases of U.S. dollars in order to slow the yuan’s depreciation, two people with direct knowledge of the matter said. The informal instruction, or the so-called window guidance, is the latest in a series of steps taken by authorities…
(Reuters) – Amazon.com said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country. Amazon’s cloud services in the region will allow the country’s government to run applications and store data in data centers located in Israel. “The establishment…
A look at the day ahead in U.S. and global markets from Mike Dolan After notching a fifth straight month of gains for July, Wall St stocks looked set to step back on Tuesday as a deluge of corporate earnings hit this week and poor manufacturing soundings from around the world set a more edgy…
