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US dollar surges vs yen to highest since mid-1990 after hotter-than-expected inflation data
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EU extends trade guide on Chinese distortions to new sectors
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UK’s Tesco forecasts profit rise as consumer sentiment improves
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Factbox-European companies cut jobs as economy sputters
M&C Saatchi expects 2024 profit to meet forecasts
Date: April 10, 2024
M&C Saatchi expects 2024 profit to meet forecasts (Reuters) – M&C Saatchi said on Wednesday it expected to meet profit expectations this year, betting on its cost-savings initiatives and divestment of loss-making businesses, after the British advertising group posted a 10% fall in 2023 earnings. WHY IT’S IMPORTANT The advertising industry has been grappling with...
UK’s THG returns to revenue growth in Q4 on demand for beauty products
Date: April 10, 2024
UK’s THG returns to revenue growth in Q4 on demand for beauty products (Reuters) – British e-commerce firm THG said on Wednesday its revenue continued to improve in 2024 after returning to growth in the last quarter of 2023, thanks to demand for beauty products. WHY IT’S IMPORTANT After a bumper $7 billion London initial...
Puma hones focus on speed in Olympic battle with Adidas and Nike
Date: April 10, 2024
Puma hones focus on speed in Olympic battle with Adidas and Nike By Helen Reid PARIS (Reuters) – German sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to carve out space in an increasingly competitive running...
Barry Callebaut operating profit falls 40% on transformation costs
Date: April 10, 2024
Barry Callebaut operating profit falls 40% on transformation costs (Reuters) -Barry Callebaut, the world’s biggest chocolate maker, reported lower than expected half-year operating profit on Wednesday, hit by one-off expenses caused by its transformation plan. The Swiss-based company’s earnings before interest and tax fell 40% in local currencies to 178 million Swiss francs ($197 million)...
Shocks in G20 emerging economies hit rich-world growth, IMF says
Date: April 9, 2024
Shocks in G20 emerging economies hit rich-world growth, IMF says By Libby George LONDON (Reuters) – Domestic shocks in emerging economies in the G20 are increasingly impacting growth in the rich world, according to a report published on Tuesday by the International Monetary Fund. Those countries — ranging from China, the world’s second-largest economy, to...
World stocks mixed ahead of US inflation, metals soar
Date: April 9, 2024
World stocks mixed ahead of US inflation, metals soar By Tom Westbrook and Samuel Indyk LONDON (Reuters) -Global shares were mixed on Tuesday ahead of this week’s U.S. inflation data and a crucial European Central Bank meeting, while industrial metals prices extended recent gains on expectations of a worldwide manufacturing rebound. The pan-European STOXX 600...