Unilever Switches some Ingredients to Adapt to Commodities Shortages

LONDON, June 16 Reuters As commodities from crude oil to sunflower oil remain in short supply, Britain39;s Unilever has changed the ingredient makeup for some of its products like deodorants and packaged food to cut costs and mitigate supply constraints. The ability to switch ingredients and materials, something consumer goods manufacturers traditionally find difficult, became even […]
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ECB Brings Relief to Battered Bond Markets with new Tool

LONDON, June 15 Reuters Relief swept over battered euro zone bond markets on Wednesday as the European Central Bank said it would skew reinvestments of maturing debt to help more indebted members and will devise a new instrument to stop excessive widening of yield spreads. Just this month alone, Italian 10year bond yields have soared […]
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U.S. Business Inventories Rise Strongly; Sales Slow

WASHINGTON, June 15 Reuters U.S. business inventories increased strongly in April amid a moderation in sales, government data showed on Wednesday. Business inventories rose 1.2 after advancing 2.4 in March, the Commerce Department said. Inventories are a key component of gross domestic product. April39;s increase was in line with economists39; expectations. Inventories advanced 16.6 on […]
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