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January 28, 2022

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Column: Commodity prices likely to be hit by slowdown before end of 2023: Kemp

Reuters
An employee works near a mixer of fused aluminium in Krasnoyarsk, Russia, July 27, 2016. Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 27 (Reuters) – Prices for a wide range of commodities have climbed to their highest level for seven years or more as drillers, miners......

America Movil dips on pay TV permit snag, minor impact seen

Reuters
The logo of America Movil is pictured on the wall at a reception area in the company’s corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 27 (Reuters) – Shares of Mexican telecoms giant America......

Mondelez revenue tops market estimates on strong snack demand, price hikes

Reuters
Oreo biscuits are seen displayed in front of Mondelez International logo in this illustration picture taken July 26, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Mondelez International Inc (MDLZ.O) topped Wall Street estimates for quarterly revenue on Thursday, as the Oreo......

U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods

Reuters
An aerial view shows agricultural fields as California faces its worst drought since 1977, in Mundo, California, U.S., July 4, 2021. Picture taken with a drone REUTERS/Aude Guerrucci Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Insurance payments to U.S. farmers for crops lost to......

Expats head for the exit as ‘easy’ Singapore’s COVID controls bite

Reuters
SINGAPORE, Jan 27 (Reuters) – Atar Sandler arrived in Singapore in 2019, seizing the opportunity to live in a buzzing global city that is also a convenient base to jet off to more exotic locales nearby. But after two years of mask-wearing, socialising in small groups and travel restrictions to......

Top U.S. oil states vie for carbon capture oversight to speed up permits

Reuters
Jan 26 (Reuters) – Top U.S. oil-producing states are trying to wrest oversight of carbon capture wells from federal regulators, hoping to speed the oil industry’s preferred approach to combating climate warming amid calls for limits on fossil fuel production. Companies are proposing carbon capture and storage (CCS) hubs to......

China will allow Guizhou financing vehicles to delay debt payments

Reuters
BEIJING, Jan 26 (Reuters) – China will allow local government financing vehicles (LGFVs) in the southwestern province of Guizhou to delay debt payments and undergo debt restructuring, the cabinet said on Wednesday, part of a broader plan to spur growth in one of China’s poorest regions. China’s local governments are......

Toilet paper to get pricier after high costs hurt Essity profit

Reuters
STOCKHOLM, Jan 26 (Reuters) – Hygiene products group Essity reported a bigger-than-expected drop in fourth-quarter profit on Wednesday and said it planned to further hike prices in the face of record high costs for raw material, energy and distribution. Operating profit at the world’s second-biggest maker of consumer tissue fell......

Wall Street ends down as markets whipsaw ahead of Fed meeting

Reuters
Microsoft gains in after-hours trading after results American Express, IBM rise on strong earnings Indexes down: Dow 0.19%, S&P 1.22%, Nasdaq 2.28% NEW YORK, Jan 25 (Reuters) – U.S. stocks gyrated in afternoon trading to close lower with interest rate sensitive tech stocks weighing most heavily as uncertainties surrounding an......

3M profit beats as N95 mask demand surges due to Omicron

Reuters
The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE – SEARCH ‘BUSINESS WEEK AHEAD 24 OCT’ FOR ALL IMAGES/File Photo Register now for FREE unlimited access to Reuters.com Register Jan......

After rocky start to year, Unilever axes 1,500 managers

Reuters
To create five product-focused divisions Long-planned revamp comes after failed bid for GSK unit Comes amid news of stakebuilding by activist investor LONDON, Jan 25 (Reuters) – Unilever (ULVR.L) will cut about 1,500 management jobs and reshape its business to focus on five main product areas as it tries to......

Temasek buys Bridgepoint’s Element Materials in $7 bln deal

Reuters
A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 25 (Reuters) – Singaporean state-owned investor Temasek (TEM.UL) has acquired Element Materials Technology Group from Bridgepoint (BPTB.L), the London-listed private equity firm......

Walmart’s Mexico unit considering ‘strategic alternatives’ in Central America

Reuters
Men walk past the logo of Walmart outside a store in Monterrey, Mexico February 12, 2018. REUTERS/Daniel Becerril/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 24 (Reuters) – Walmart’s Mexico unit is considering “strategic alternatives” to its operations in Central America, including a sale......

Toshiba halts operations at chip plant after quake

Reuters
Jan 24 (Reuters) – Toshiba Corp (6502.T) said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors used in cars and industrial machinery, after a strong earthquake hit the area at the weekend. Some equipment had been damaged and the company was......

Delivery race among Indian grocery startups brings road safety risks

Reuters
Ten-minute delivery times wow online shoppers Growth of quick commerce pressures rivals Road safety concerns rise in race for faster deliveries Experts say businesses could struggle for profits NEW DELHI, Jan 23 (Reuters) – Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking......

Nelson Peltz’s Trian builds stake in Unilever – source

Reuters
Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Jan 23 (Reuters) – Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever......

Hong Kong warns of worsening COVID outbreak as leader defends hamster cull

Reuters
People queue up at a community testing centre for the coronavirus disease (COVID-19), after the district has been identified as a high-risk area, in Tuen Mun, Hong Kong, China, January 12, 2022. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register HONG KONG, Jan 22 (Reuters) – Hong......

Pandemic darlings face the boot as investors eye return to normal life

Reuters
LONDON, Jan 21 (Reuters) – Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in expectations for a return to normality as more countries gradually relax COVID restrictions. The selloff which began after Netflix and......

Indian shares head for sharp weekly losses, Reliance results eyed

Reuters
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, Jan 21 (Reuters) – Indian shares dropped more than 1% on Friday and were headed for their worst week since late-November, weighed down......

Unilever investors call AGM vote to push for healthy food targets

Reuters
Unilever logo is displayed in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Investor group says health ‘a crucial blind spot’ More governments taxing high sugar, calorie products Call for more data, targets to boost healthy food share LONDON, Jan......

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