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Holcim raises full-year sales outlook after Q1 beats forecasts

ZURICH (Reuters) -Holcim raised its full-year sales outlook on Friday after the world’s biggest cement maker beat analyst forecasts for sales and profit during the first quarter. The Swiss company.

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Zelenskiy says Ukraine needs $7 billion per month to make up for losses caused by invasion

WASHINGTON (Reuters) – Ukraine President Volodymyr Zelenskiy said on Thursday that Ukraine needs $7 billion per month to make up for economic losses caused by Russia’s invasion of his country..

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Gold set for first weekly drop in three as yields, dollar strengthen

By Bharat Gautam (Reuters) – Gold prices were flat on Friday, pressured by the strength in U.S. Treasury yields and the dollar, which also put bullion on course for its.

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Industrial output in Shanghai falls for first time in 2 years

BEIJING (Reuters) -Industrial output in Shanghai, China’s most populous city, slumped in March, the first monthly decline in two years, after stringent lockdown measures halted production in some factories, a.

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Japan flags yen’s ‘somewhat rapid’ falls to G7

By Leika Kihara TOKYO (Reuters) -Japan explained to its G7 counterparts the yen’s recent “somewhat rapid” declines, finance minister Shunichi Suzuki said on Thursday, underscoring Tokyo’s growing alarm over the.

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Nestle Q1 growth beats expectations thanks to strong price increases

ZURICH (Reuters) -Food group Nestle on Thursday confirmed its margin and sales growth targets for 2022 after strong price increases to counter cost inflation helped organic sales rise more than.

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New Zealand 30-year high inflation flags need for more tightening

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s consumer prices rose at the fastest pace in three decades last quarter, underlining the need for the central bank to stay on its.

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IMF says yen falls driven by fundamentals, urges BOJ to keep easy policy

By Leika Kihara TOKYO (Reuters) -The yen’s recent declines have been driven by fundamentals and would be no reason for Japan to change its economic policy, including the central bank’s.

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Brazil’s cenbank will resume data release next week after strike

BRASILIA (Reuters) – Brazil’s central bank said on Wednesday it would resume data release that were suspended due to a strike by its employees, including a weekly survey seen as.

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Business Economy News

Analysis-Wealth shock: property bust in small Chinese cities rattles households

By Liangping Gao and Ryan Woo BEIJING (Reuters) – Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of.

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