(Reuters) -Global grain trader Archer-Daniels-Midland Co reported a fourth-quarter profit on Tuesday that rose nearly 14%, helped by strength at its carbohydrate solutions and nutrition units. The company said it plans to raise dividend by 8% to 40 cents per share. The commodity trader’s results offer a look into how the world’s biggest grain traders…
LONDON (Reuters) – Climate change played a part in insured losses from natural catastrophes that totalled $130 billion globally in 2021, the fourth-highest on record, broker Aon said in a report on Tuesday. Economic losses – the combination of insured and uninsured losses – reached $343 billion, Aon said in the report which it publishes…
By Dominique Vidalon PARIS (Reuters) -Remy Cointreau is confident demand for its premium cognac in China, the United States and Europe will underpin profit growth this year after the French spirits group beat third-quarter sales forecasts. The maker of Remy Martin cognac and Cointreau liquor was slightly more cautious, however, on prospects for Chinese New…
ISTANBUL (AP) — Rescue crews in Istanbul and Athens dug through snow and ice Tuesday to clear paralyzed roads and rescue people stranded overnight in their cars after snowstorms and a massive cold front brought much of Turkey and Greece to a standstill. Two storm-related deaths were reported. Highways and roads in Istanbul became clogged…
By Clare Jim HONG KONG (Reuters) -Chinese state-owned property firms are expected to acquire more assets from cash-strapped private developers, analysts said, as Beijing steps up efforts to stabilise and tighten control over a crisis-hit sector that accounts for a quarter of its economy. The market has seen over half a dozen deals in recent…
TOKYO (Reuters) -Toyota Motor Corp plans to produce a record 11 million cars in fiscal 2022, according to a person familiar with the matter. Hitting that production target would depend on a stable supply of chips, the person said. The Nikkei newspaper earlier reported on the production plan. A Toyota spokesperson said the company was…
By Richa Naidu LONDON (Reuters) – Unilever said on Tuesday that it plans to cut about 1,500 roles across senior and junior management as part of a global restructuring plan aimed at streamlining operations and soothing the concerns of worried investors. The announcement comes days after reports that activist investor Nelson Peltz’s Trian Partners has…
By Dominique Vidalon PARIS (Reuters) -Remy Cointreau is confident that demand for its premium cognac in China, the United States and Europe will underpin profit growth this year after the French spirits group beat third-quarter sales forecasts. The pandemic has boosted Remy Cointreau’s drive towards higher-priced spirits to boost profit margins long term, accelerating a…
A look at the day ahead from Sujata Rao. Bears are on the prowl in markets while a different sort menaces Europe’s eastern flank. It’s probably futile to expect the Russian bear to retreat the way Wall Street bears did late on Monday, when sentiment turned on a dime, allowing the S&P 500 which was…
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse warned on Tuesday that it was likely to make a net loss in the fourth quarter as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed. “Profit for the fourth quarter 2021 will be negatively impacted by…
