Two of the world's top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that have prompted shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee.
Bearish bets prevail across most Asian currencies, with the Indian rupee standing as the sole outlier, due to uncertainties around U.S. monetary policy easing and a slower-than-expected economic recovery in China, Southeast Asia's largest trading partner.
(RTTNews) - Asian stocks advanced on Thursday as investors cheered Nvidia's strong Q4 earnings results, driven by demand for its chips to power artificial intelligence.
China's Lenovo Group, the world's largest maker of personal computers (PCs), reported stronger-than-expected earnings on Thursday, with revenue returning to growth after five quarters of decline amid a post-COVID-19 slowdown.
(RTTNews) - Repsol S.A. (REPYY.PK), a Spanish energy and petrochemical company, on Thursday reported weak profit and revenues in its fourth quarter, despite production growth. Further, the company lifted its dividend, and announced Strategic Update 2024-2027, committing 4.6 billi
Germany's economic downturn deepened in February as a slight improvement in services activity was unable to compensate for a surprisingly sharp deterioration in manufacturing, a preliminary survey showed on Thursday.
(RTTNews) - Hikma Pharmaceuticals plc (HIK.L, HKMPY, HKMPF) reported that its profit attributable to shareholders for the year ended 31 December 2023 increased to $190 million or 85 cents per share from $188 million or 84 cents per share in the prior year.
Social media platform X said on Thursday it took down certain accounts and posts following an order by the Indian government, which local media reports say are linked to ongoing protests by farmers demanding higher prices for crops.
Equities in Taiwan and South Korea rose on Thursday as chip-related stocks jumped after U.S. chipmaker Nvidia's outlook beat expectations and currencies rose marginally higher with Federal Reserve minutes cementing bets the central bank will not cut rates soon.
The downturn in French business activity eased considerably in February, according to a monthly survey, as employment rose for the first time since October and business confidence strengthened to a seven-month high.
South Africa's rand firmed early on Thursday against a weaker U.S. dollar, but failed to reclaim significant gains from the previous day's budget speech.
(RTTNews) - Indivior PLC (INDV.L), a pharmaceutical company, on Thursday reported higher revenue for the fourth quarter compared to the same period last year.
British drugmaker Hikma Pharmaceuticals reported a bigger-than-expected profit for 2023 on Thursday, helped by a strong performance of its generics businesses, but expects profit to be slightly lower this year.
European shares rose to a record high on Thursday, boosted by a rally in global shares that also saw Japan's blue-chip Nikkei stock index hit an all-time high.
The Russian rouble firmed marginally on Thursday, trading in the 92-93 range against the dollar where it has spent most of this week, facing sanctions headwinds with the Russian market set to embark on a long weekend due to a national holiday.
Indonesia posted a $1.3 billion deficit in its current account in the final quarter of 2023, equivalent to 0.4% of GDP, central bank data showed on Thursday.
The Indian rupee will open higher on Thursday, tracking most Asian peers on upbeat risk, following which it is expected to run into dollar bids from importers.
Japan's Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks.
A retired Roman Catholic bishop appeared in court in remote Western Australia on Thursday on charges of sexual offences against children, including two counts of rape.