By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India hiked its key repo rate by…
Pick n Pay sales grow but warns on extra costs from power cuts
JOHANNESBURG (Reuters) – Supermarket group Pick n Pay said on Wednesday its four-month sales grew by 6.4%, but its like-for-like…
Japan’s Subaru cuts annual output target as chip shortage drags on
TOKYO (Reuters) – Japan’s Subaru Corp slashed its annual output target by nearly 10% on Wednesday amid ongoing fallout from…
TotalEnergies net profits double to record $36.2 billion in 2022
PARIS (Reuters) -French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year,…
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they…
Fitch raises China’s growth forecast to 5% for 2023
(Reuters) – Rating agency Fitch has revised its forecast for China’s economic growth in 2023 to 5.0% from 4.1% previously…
Microsoft calls for ‘coalition’ to improve Congo’s informal cobalt mines
CAPE TOWN (Reuters) – Microsoft visited an artisanal cobalt mine in Democratic Republic of Congo in December as part of…
Nine global banks invest $45 million in carbon credit platform
LONDON (Reuters) – Nine global banks have invested a total of $45 million in a new platform to help scale…
Japan PM says global communication skills key for new BOJ head pick
By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said the new central bank governor must have strong…
Analysis-Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
By Lewis Krauskopf NEW YORK (Reuters) – The fate of an early year rally in stocks may depend on whether…