BENGALURU (Reuters) -Fast-moving consumer goods firm Adani Wilmar Ltd said on Tuesday its sales would grow in high single digits in the third quarter, helped by strong demand during the festive season and stronger out-of-home consumption. Standalone sales volume will grow in high teens, the company said in a regulatory filing. Price volatility in its …
India’s Adani Wilmar sees Q3 sales growth in high single digits Read More »
COPENHAGEN (Reuters) – Hackers have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and Bankdata, a company that develops IT solutions for the financial industry, were …
Hackers hit websites of Danish central bank, other banks Read More »
By Foo Yun Chee BRUSSELS (Reuters) -TikTok Chief Executive Shou Zi Chew on a visit to Brussels on Tuesday sought to reassure the European Union the app would respect the bloc’s increasingly stringent tech rules and commitments to privacy and child safety. The short-video app, which is owned by Chinese technology conglomerate ByteDance, has for …
TikTok CEO seeks to reassure on EU rules on privacy, child safety Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged slightly higher on Tuesday as the U.S. government forecast record global petroleum consumption next year and as the dollar hovered at seven-month lows. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like …
Oil edges higher as petroleum demand set to touch record next year Read More »
By Sinéad Carew and Amanda Cooper NEW YORK, LONDON (Reuters) – Wall Street’s major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for U.S. inflation data due later in the week. The U.S. dollar was little changed versus the euro and othermajor …
Stocks rise, bond yields rise with December’s upcoming price data in focus Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s inflation ended 2022 with a sharp slowdown from double-digit peaks seen throughout the year on the back of fiscal measures and an aggressive monetary policy tightening, but once again missed the government’s official target. The benchmark IPCA consumer price index rose 5.79% last year, statistics agency IBGE said on …
Brazil’s 2022 inflation slows sharply, misses government target Read More »
By John McCrank NEW YORK (Reuters) -The dollar was rangebound on Tuesday, hovering around its weakest level in seven months versus the euro and a group of other major currencies, as traders awaited U.S. inflation data later this week to help firm up interest rate hike expectations. The euro was up 0.1% against the greenback …
Dollar treads water near 7-month lows ahead of U.S. inflation data Read More »
(Reuters) -Pfizer Inc is not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, but is in discussions about a price for the branded product, Chief Executive Albert Bourla said on Monday. Reuters reported on Friday that China was in talks with Pfizer to secure a …
Pfizer CEO rules out generic COVID drug Paxlovid for China Read More »
BEIJING (Reuters) -Merck & Co’s COVID-19 antiviral treatment molnupiravir was priced at 1,500 yuan ($221.21) per bottle in Tianjin, according to the northern Chinese city’s medical purchasing centre on Tuesday. Each bottle contains 40 pills – enough for one course of treatment – according to the centre. The treatment, which is sold under the brand …
Merck COVID treatment priced at 1,500 yuan per bottle in China’s Tianjin Read More »
By Seher Dareen (Reuters) – Gold prices held firm near an eight-month peak on Tuesday, buoyed by a weaker dollar and hopes of slower U.S. rate hikes after the Federal Reserve Chair Jerome Powell failed to provide more clarity on tightening path. Spot gold rose 0.2% to $1,875.01 per ounce by 1:42 p.m. ET (1842 …
Gold at 8-month peak on weaker dollar, slower rate-hike hopes Read More »
