Category Archives:
Nestle raises organic growth outlook, trims margin guidance
ZURICH (Reuters) -Nestle on Thursday raised its full-year sales growth forecast to 7-8% and just slightly lowered its margin guidance after cost inflation hurt less than expected and price increases b...
Jul 28, 2022
AB InBev reports higher than expected Q2 earnings
BRUSSELS (Reuters) - Anheuser-Busch InBev, the world's largest brewer, on Thursday reported higher than expected second-quarter earnings as consumers drank more and paid higher prices for its beers. T...
Jul 28, 2022
Chipmaker STMicroelectronics beats estimates, lifts 2022 outlook
STOCKHOLM (Reuters) -Franco-Italian chipmaker STMicroelectronics reported on Thursday second-quarter revenue that exceeded analysts' expectations, benefiting from strong demand for its chips used in s...
Jul 28, 2022
France’s Safran posts higher H1 profit despite supply chain woes
PARIS (Reuters) - French jet engine maker Safran posted higher first-half earnings and raised some forecasts as airlines bought more spare parts to serve a recovery in air travel - but acknowledged fr...
Jul 28, 2022
S.Korean exports retain single-digit growth in July; inflation at 24-yr high – Reuters poll
By Jihoon Lee SEOUL (Reuters) - South Korean export growth rate likely rebounded in July, but remained in the single-digit level, a Reuters poll showed on Thursday, while consumer inflation is seen ac...
Jul 28, 2022
Red tape and reluctant locals cloud Germany’s solar power rush
By Riham Alkousaa BERLIN (Reuters) - Two German renewable companies hope to build one of the country's biggest solar parks among rolling hills in the eastern district of Barnim to improve energy secur...
Jul 28, 2022
Biden looks to tamp down Taiwan tension during China Xi call
WASHINGTON (Reuters) - U.S. President Joe Biden and China's Xi Jinping may hold their fifth call as leaders as soon as today, as concerns rise over a possible visit to Chinese-claimed Taiwan by U.S. H...
Jul 28, 2022
China’s central bank targets $148 billion in financing for cash-strapped developers – FT
(Reuters) -China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stric...
Jul 27, 2022
China developer Evergrande gets bid for Hong Kong HQ from CK Asset
HONG KONG (Reuters) - CK Asset Holdings, founded by billionaire Li Ka-shing, said on Thursday it has submitted a bid for the Hong Kong headquarters of embattled Chinese developer Evergrande Group. Eve...
Jul 27, 2022
Toyota’s April-June global vehicle production falls 9.8% short of initial target
TOKYO (Reuters) - Toyota Motor Corp produced 793,378 vehicles globally in June, it said on Thursday, slightly above a target it had cut twice and capping a quarter that saw the Japanese automaker slip...
Jul 27, 2022
Peoria, IL, USA
42 °F Partly cloudy
