By Dominique Vidalon PARIS (Reuters) -Danone, the world’s largest yoghurt-maker, raised its 2023 outlook on Wednesday after it managed to pass on increased costs through price rises and first-quarter sales growth was the fastest in a decade. Danone, which expects prices to peak this year and also anticipates productivity gains, kept its forecast for a…
(Reuters) -CME Group Inc on Wednesday posted first-quarter profits that beat Wall Street expectations, as traders turned to the exchange operator’s hedging products to navigate market volatility related to worries about the banking sector and slowing macroeconomic growth. The recent regional banking failures along with the U.S. Federal Reserve’s continued rate hike cycle has roiled…
By David Ljunggren (Reuters) – President Vladimir Putin on Tuesday signed a decree establishing temporary control of the Russian assets of two foreign energy firms, signaling Moscow could take similar action against other companies if need be. The decree – outlining possible retaliation if Russian assets abroad are seized – showed Moscow had already taken…
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see significantly lower price tags for household goods. Rising expenses for everything from sunflower oil…
By Daniel Wiessner (Reuters) – Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled. Managers at the Orlando repair shop illegally silenced workers in 2021 after some…
By Kantaro Komiya and Joey Roulette (Reuters) -Japan’s ispace inc said its attempt to make the first private moon landing had failed after losing contact with its Hakuto-R Mission 1 (M1) lander when it unexpectedly accelerated and probably crashed on the lunar surface. The startup said it was possible that as the lander approached the…
By Ivan Lyubysh-Kirdey and Paul Vieira SLAVUTYCH, Ukraine (Reuters) – Ukraine marked the 37th anniversary of the Chornobyl nuclear disaster on Wednesday by urging the world not to bow to Russian “blackmail” over nuclear facilities it has seized during its invasion. Former workers at what was then known as the Chernobyl nuclear power plant (NPP)…
(Reuters) – The Commodity Futures Trading Commission (CFTC) on Tuesday filed a civil enforcement action against Fisher Capital and its owner, Alexander Spellane, alleging it perpetrated a precious metals investment fraud targeting older adults. The Los Angeles-based dealer of precious metals defrauded “hundreds of elderly persons into investing more than $30 million in gold and…
BEIJING (Reuters) – Ping An Insurance (Group) Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday. Profit rose to 38.4 billion yuan ($5.55 billion) for the January-March quarter, it said in a filing. “The domestic economy continued to…
BEIJING (Reuters) – China’s cabinet on Wednesday unveiled plans to boost employment, including supporting financial institutions to offer loans to small firms and issuing subsidies to firms that hire college graduates or unemployed young people. The world’s second-largest economy reported better-than-expected growth in the first quarter after the lifting of stringent COVID-19 curbs, but the…
