Hilton full-year profit forecast disappoints as costs set to weigh

Hilton Worldwide Holdings Inc on Tuesday forecast a lower-than-expected annual profit as a surge in labor costs and other inflationary pressures are set to weigh on the hotel operator's earnings.

newspaper

03-05-2022

Exclusive-Nigeria buys emergency Canadian potash to replace lost Russian supply

LAGOS (Reuters) -Nigeria had to buy emergency supplies of Canadian potash in April after the country was unable to import the key fertilizer from Russia due to the impact of Western sanctions, the head of Nigeria's sovereign investment authority NSIA said.

newspaper

03-05-2022

Brazil commodities sales to Arab nations soar as importers stock up on food

Brazilian exports to the 22 countries in the League of Arab Nations rose in the first quarter amid a spike in agricultural commodities prices and a drive to stock up on food, according to a statement sent to Reuters on Tuesday.

newspaper

03-05-2022

Campari sales jump as bars stock up spirits before prices rise

MILAN (Reuters) -Campari sales jumped in the first three months of the year as pubs and restaurants reopened in Europe, with demand further boosted by premises stocking up on spirits before price rises take effect, the Italian drinks group said on Tuesday.

newspaper

03-05-2022

Activist firm Elliott pushes Western Digital to split its businesses

(Reuters) -Elliott Management on Tuesday disclosed it held a stake of nearly $1 billion in Western Digital and pushed the company to conduct a strategic review and split off its flash-memory business.

newspaper

03-05-2022

Stocks rise, U.S. yields slip as markets await Fed rate hike

A gauge of global equity markets rose slightly on Tuesday while 10-year U.S. Treasury yields slid from 3% amid investor caution ahead of the biggest single-day rate hike expected by the U.S. Federal Reserve since 2000.

newspaper

03-05-2022

CNH beats Q1 expectations, confident on navigating supply issues

CNH Industrial beat first-quarter earnings expectations on Tuesday and the agricultural and construction machine maker's CEO said he was confident the company could successfully navigate ongoing global supply chain issues.

newspaper

03-05-2022

U.S. job openings, resignations hit record highs in March

WASHINGTON (Reuters) -U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high.

newspaper

03-05-2022