TOKYO (AP) — Asian shares were mixed in muted trading Wednesday as many investors stayed on the sidelines ahead of a U.S. Federal Reserve meeting that will indicate how aggressive it will be in fighting inflation. Japan’s benchmark Nikkei 225 slipped 0.7% in morning trading to 26,929.94. South Korea’s Kospi edged up 0.2% to 2,726.43….
By Selena Li HONG KONG (Reuters) – Asian shares and U.S. futures fell sharply on Tuesday, with investors nervous about the potential for military conflict in Ukraine and ahead of a key Federal Reserve meeting that could offer hints about the timing and pace of rate hikes. Benchmarks slid, with most extending losses in afternoon…
By Dominique Vidalon PARIS (Reuters) -French spirits group Remy Cointreau beat third-quarter sales forecasts and said it was confident that demand for its premium cognac in China, the United States and Europe would underpin profit growth this year. For the 2021/22 full year, Remy Cointreau kept a forecast of “very strong” organic growth in current…
ZURICH (Reuters) – Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021. It returned to a net profit of 774 million Swiss francs ($845 million), from a 53 million loss in 2020, while sales at constant currency rose nearly 30% to 7.31…
By Kevin Buckland TOKYO (Reuters) – The safe-haven yen and U.S. dollar rose on Tuesday while the risk-sensitive New Zealand dollar fell with the euro amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Federal Reserve policy tightening. The Australian dollar rose briefly after strong consumer price numbers…
BERLIN (AP) — Most countries have made little to no progress in bringing down corruption levels over the past decade, and authorities’ response to the COVID-19 pandemic in many places has weighed on accountability, a closely watched study by an anti-graft organization found Tuesday. Transparency International’s 2021 Corruption Perceptions Index, which measures the perception of…
MEXICO CITY (Reuters) -Walmart’s Mexico unit said on Monday it is considering “strategic alternatives” to its operations in Central America, including a sale or joint venture, a move analysts said would help it focus on the more profitable Mexican market. Walmart de Mexico, known locally as Walmex, runs about 860 stores in Central America, making…
HOUSTON (Reuters) – Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United Steelworkers Union (USW) and oil companies, the union told members in a message seen by Reuters. Talks for the new pact began on Jan. 13 between the USW and lead company negotiator Marathon…
By Selena Li and Xie Yu HONG KONG (Reuters) – Asian shares and U.S. futures tumbled on Tuesday after a tumultuous Wall Street session, with investors nervous about the situation in Ukraine and eyeing the U.S. Federal Reserve amid worries about a move to tighter monetary policy globally. NATO said on Monday it was putting…
(Reuters) – Logitech International reported a 2% drop in third-quarter sales as the computer peripherals-maker lapped tough comparisons from a year earlier, when the pandemic triggered booming demand for its products. Sales fell to $1.63 billion in the three months to the end of Dec. 2021. Sales of $1.67 billion a year earlier had been…
