By Uday Sampath Kumar (Reuters) – Michael Kors owner Capri Holdings Ltd on Wednesday cut its annual profit forecast and…
South Africa’s consumer goods firms warn of much higher prices as power cuts bite
By Nqobile Dludla JOHANNESBURG (Reuters) – South African manufacturers and retailers of food and other essential products warned on Wednesday…
Canadian dollar to rise later in 2023 on more favorable global outlook: Reuters poll
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rise later this year as the global economic…
Mamma mia! Pizza got 16% more expensive in the EU last year
(Reuters) – The cost of store-bought pizza and quiche in the European Union grew in December by 16% from a…
Italy inflation-adjusted retail sales fell in 2022
ROME (Reuters) -Italian retail sales increased in value terms but decreased in volume in 2022 compared to the previous year,…
China remains Germany’s main trading partner for seventh year
BERLIN (Reuters) – Trade between Germany and China rose to a record level last year, making the Asian country Germany’s…
Americanas accounting scandal was a ‘fraud,’ says CEO of Brazil’s Itau
SAO PAULO (Reuters) – The chief executive of Brazil’s biggest private lender Itau Unibanco said on Wednesday that the accounting…
Factbox-Nigeria’s plan to ditch old banknotes
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s Supreme Court on Wednesday restrained the government, through the central bank, from ending…
Indian households’ inflation expectations moderating – RBI’s Jan survey
MUMBAI (Reuters) – Indian household’s inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer…
Big Oil doubles profits in blockbuster 2022
By Ron Bousso LONDON (Reuters) – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous…