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…
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…
China gallium, germanium export curbs kick in; wait for permits starts
BEIJING (Reuters) -China’s export controls on some gallium and germanium products take effect on Tuesday, with traders braced for a…
US colleges refashion student essay prompts after ban on affirmative action
By Sharon Bernstein (Reuters) – In addition to writing about their favorite songs and why they want to go to…