By James Davey LONDON (Reuters) -Clothing retailer Primark reported better-than-expected trading over the Christmas quarter as shoppers returned to stores, parent Associated British Foods said on Tues[...]
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January 24, 2023
Japan’s Nidec slashes full-year operating profit forecast on weak demand, restructuring costs
By Daniel Leussink TOKYO (Reuters) -Japanese electric motor maker Nidec Corp slashed its full-year operating profit forecast by nearly half on Tuesday as it faced pressure from weakening demand for te[...]
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China offers Sri Lanka debt moratorium, IMF help still in doubt
By Devjyot Ghoshal and Uditha Jayasinghe NEW DELH/COLOMBO (Reuters) -The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’[...]
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Euro zone business activity back to growth in January -PMI
By Jonathan Cable LONDON (Reuters) -Euro zone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that the c[...]
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Swatch positive on recovery in luxury demand from China
By John Revill ZURICH (Reuters) – Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world’s biggest watchmaker said it expected a recovery in[...]
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India’s top carmaker Maruti’s profit doubles on strong demand
BENGALURU (Reuters) -Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the country’s biggest carmaker benefitted from strong demand for its pass[...]
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China development loans to emerging economies hit 13-year low in 2021 – study
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) -Loans committed by China’s two main trade policy banks fell to a 13-year low of $3.7 billion in 2021 due to Beijing curta[...]
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German consumer sentiment consolidates upward trajectory -GfK
BERLIN (Reuters) – German consumer sentiment is set to improve for a fourth consecutive month in February as energy prices fall, a GfK institute survey showed on Tuesday. The institute said its[...]
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Luxury giants bank on Chinese return as Western shoppers sober up
By Mimosa Spencer PARIS (Reuters) -The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year fes[...]
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