Food distributor Sysco misses revenue estimates on inflation-induced demand slowdown
(Reuters) – Food distributor Sysco Corp missed Wall Street expectations for quarterly sales on Tuesday, as inflation-hit consumers restrict discretionary…
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Turkey curbs credit card use for foreign travel, in blow to sector
By Ceyda Caglayan ISTANBUL (Reuters) – Turkey’s banking watchdog has stopped allowing credit card payments by instalment for foreign travel,…
Molson Coors bumps up annual forecast on strong demand for premium beers
(Reuters) – Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its…
India asks Tesla to copy Apple in pairing Chinese, Indian suppliers -sources
By Nikunj Ohri, Shivangi Acharya and Aftab Ahmed NEW DELHI (Reuters) – As Tesla examines building a plant in India,…
Australia’s Great Barrier Reef off UNESCO danger list, still under ‘serious threat’
SYDNEY (Reuters) – A UNESCO heritage committee on Tuesday stopped short of listing Australia’s Great Barrier Reef as a site…
Rate hike push slows in July as Chile marks turn of the EM cycle
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of interest rate hikes across major developed…
Altria beats revenue, profit expectations on demand for nicotine pouches
(Reuters) – Tobacco giant Altria Group on Tuesday edged past Wall Street revenue and profit expectations, buoyed by demand for…
Pakistan’s petroleum prices hike to fuel sky-high inflation
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan announced an increase in petrol and diesel prices on Tuesday…
Toyota nearly doubles Q1 profit, China remains challenging
TOKYO (Reuters) – Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped…
Stanley Black & Decker posts narrower-than-expected quarterly loss on cost cuts
(Reuters) – Stanley Black & Decker reported a lower-than-expected loss in the second quarter on Tuesday, as cost cut measures…