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Stocks mixed, dollar gains after robust inflation, jobs data
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Automated Creative launches in the US and Canada
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Britain’s Nationwide curbs cryptocurrency purchases by customers
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Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created
Merck KGaA expects 2023 profit to slip as COVID demand wanes
Date: March 2, 2023
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a drop in COVID-related demand for its lab supplies from drug and vaccine makers. For 2023 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, the company...
Covestro sees lower 2023 profit, cash flow as macro challenges prevail
Date: March 2, 2023
By Bartosz Dabrowski and Andrey Sychev (Reuters) -German chemicals maker Covestro said on Thursday it expected lower core profit and lower free cash flow in 2023 as economic challenges persist, after a global “polycrisis” caused a sharp rise in energy and raw material prices last year. Covestro’s shares were down around 4% at 0910 GMT...
Switzerland’s Clariant sees slight sales drop in 2023
Date: March 2, 2023
(Reuters) -Clariant said on Thursday it expects annual sales to slightly decline in 2023 after reporting sales for the full year fairly in line with expectations, driven by catalyst chemicals. The company, whose chemicals are used in personal and home care products, said it expects 2023 sales of around 5 billion Swiss francs ($5.30 billion),...
Budweiser APAC bets on post-COVID China thirst for premium beer
Date: March 2, 2023
BEIJING (Reuters) – Budweiser Brewing Co APAC, Asia’s largest beer company by sales, said on Thursday it will expand into more Chinese cities with its premium products as it sees a rebound in demand after the country lifted its COVID-19 curbs. In December, China suddenly dropped its strict three-year-old zero-COVID policy, which had battered business...
Global energy-related CO2 emissions edged up to record high in 2022 – IEA
Date: March 2, 2023
By Susanna Twidale LONDON (Reuters) – Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday. Deep cuts in emissions, mainly from burning fossil...
Renault, Geely ink pact with Aramco for engine venture
Date: March 2, 2023
(Reuters) -Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China’s Geely Automobile Holdings Ltd plan to set up jointly, they said on Thursday. Reuters reported in January that Aramco has been involved in advanced discussions to take a stake...