Ritu

Fashion Retailer H&M’s Profit Tumbles As Costs Bite 0
- Uncategorized
- January 27, 2023
Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, was 821
READ MORE
Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses 0
- Economy
- January 27, 2023
Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest economy grew more than expected during the fourth quarter, dispelling some
READ MORE

Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data 0
- Economy
- January 27, 2023
Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria, Kuwait, Venezuela, Russia and Oman are set to meet virtually next
READ MORE
Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year 0
- Market
- January 25, 2023
Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business
READ MORE