Notizia

WASHINGTON (Reuters) -U.S. monthly producer prices increased by the most in more than 12 years in March amid strong demand for goods and services, the latest sign of persistently high inflation that could compel the Federal Reserve to aggressively tighten monetary policy.

Reckitt Benckiser Group said on Wednesday it had begun a process aimed at transferring ownership of its Russian business, becoming the first major personal goods maker to do so following the country's invasion of Ukraine.

U.S. producer prices increased more than expected in March amid a surge in demand for services, suggesting inflation could remain high for a while.

José Luis Rodríguez, a bricklayer in Argentina, cannot get by on his paycheck anymore with inflation set to have climbed more than 6% in March alone, the highest level in years, as spiraling food and fuel prices dent the value of salaries and savings.

The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials.

Italian coffee maker Lavazza said on Wednesday it expected a challenging 2022 due to raw material price rises after reporting a strong increase in profits for 2021.

ZURICH (Reuters) -Former Raiffeisen Switzerland Chief Executive Pierin Vincenz was jailed for nearly four years on Wednesday at the end of a fraud trial which exposed his huge strip club bills and misuse of company expenses.

ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut will keep operating in Russia to help customers and employees there, even though images from the war in Ukraine create "enormous pressure," it said on Wednesday.

Delta Air Lines Inc on Wednesday reported a quarterly loss, but forecast a return to profit in the current quarter as airline travel demand reaches record heights.