Nestle Plans Price Hikes after Costs Eat into Profits

Price rises needed to further offset raw materials inflation Company expect organic growth of 68 in 2023 CEO says supply chain pressures easing ZURICH, Feb 16 Reuters The world39;s biggest food group Nestle will raise prices further this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to fullyear net profit missing […]
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U.S. SingleFamily Housing Starts, Building Permits Tumble in January

WASHINGTON, Feb 16 Reuters U.S. singlefamily homebuilding fell in January, but an easing in mortgage rates and improvement in homebuilder confidence suggested the recessionhit housing market was close to finding a floor. Singlefamily housing starts, which account for the bulk of homebuilding, dropped 4.3 to a seasonally adjusted annual rate of 841,000 units last month, […]
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Indias Jan Gold Imports Plunge 76 to 32Month Low

MUMBAI, Feb 16 Reuters India39;s January gold imports plunged 76 from a year earlier to a 32month low on subdued demand after domestic prices rallied to record highs and as jewellers postponed purchases, hoping for a reduction in import duty, a government source said. Lower imports by the world39;s secondbiggest bullion consumer could weigh on […]
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