Friday, February 16th, 2018

 

Coca-Cola sales beat as consumers drink more vitamin water, coffee

NEW YORK, Feb 16 — Coca-Cola Co reported better-than-expected quarterly profit and sales today as it sold more teas, coffees and vitamin water, sending its shares up 2.4 per cent. Organic sales, which exclude the impact of the company’s…


Global stocks set for best week in six years, dollar sags (VIDEO)

LONDON, Feb 16 — World shares were set for their best week of gains in six years today after two consecutive weeks in the red, shrugging off a rise in global borrowing costs while the dollar hit its lowest since 2014. MSCI’s world index of…


Soros lobbies ECB for more euro zone integration, draws criticism

FRANKFURT, Feb 16 — Billionaire investor and activist George Soros has met a European Central Bank director to argue for closer euro zone integration, prompting criticism from some EU lawmakers who fear he is exerting undue influence on a…


Sterling headed for best week in five months as dollar tumbles

LONDON, Feb 16 — The pound is headed for its best weekly performance in five months against a dollar down across the board, although data today showing British retail sales barely budged in January took some of the shine off sterling. The…


Walmart reportedly in talks to buy more than 40pc of India’s Flipkart

MUMBAI, Feb 16 — Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said today….


Lost in translation? GM plant shutdown shocks South Korea

SEOUL, Feb 16 — Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s…


Under investor pressure, Danone eyes more profit growth in 2018

PARIS, Feb 16 — Food group Danone said today it would accelerate sales growth this year and deliver a further rise in profits as it seeks to respond to pressure from investors. Danone, the world’s largest yoghurt maker, reported overall 2017…


Renault races to record profits and sales

PARIS, Feb 16 — French auto giant Renault said today that it enjoyed a record year in 2017, with sales and net profit rising to new heights. Net profit soared 50 per cent to a record €5.1 billion (RM24.8 billion). Sales at the group, which…


Dollar falls to three-year low, yen shrugs off Kuroda’s BOJ reappointment

TOKYO, Feb 16 — The dollar slipped to a three-year low against a basket of currencies today, headed for its biggest weekly loss in two years, as bearish factors offset support the US currency could take from rising Treasury yields. Extending…


Nikkei rises on relief over Kuroda’s BOJ reappointment; posts 1.6pc weekly gain

TOKYO, Feb 16 — Japanese stocks rose today, with investors relieved to see the government appoint Bank of Japan Governor Haruhiko Kuroda for another term and choose an advocate of bolder monetary easing as one of his deputies. The Nikkei ended…