March 2023 – Page 14 – UAG Trade Asia

Norway Wealth Fund to Vote for Labour Rights Motion at Starbucks AGM

March 25, 2023
Business
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OSLO, March 24 Reuters Norway39;s 1.3 trillion wealth fund, one of the world39;s largest investors, will vote in favour of a shareholder motion calling on Starbucks to report on how it respects labour rights, the fund39;s manager said on Thursday. The Norwegian fund owns 1.05 of Starbucks39; shares, worth 1.2 billion at the end of 2022, […]

March 25, 2023
Business
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SHANGHAI, March 24 Reuters Chinese food delivery giant Meituan posted a biggerthanexpected 21.4 rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibababacked Ele.me. Meituan whose socalled super app provides services ranging from bikesharing, movie ticketing, mapping, to food delivery and restaurant bookings said its total revenue rose to […]

March 24, 2023
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March 24 Reuters Spanish industrial prices rose 7.8 in February from the same month a year earlier, the same pace as a revised 7.8 in January and the slowest in almost two years, the National Statistics Institute INE said on Friday. Electricity, transport and distribution led the increase while prices of gas and refined oil […]

March 24, 2023
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March 24 Reuters Tyson Foods Inc gave its chicken suppliers two months39; notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about the company39;s compliance with antitrust regulations requiring it to give 90 days39; notice before ending a contract. The planned closure of the plant has […]

March 24, 2023
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BENGALURU, March 24 Reuters India39;s current account deficit is likely to have improved in the final quarter of 2022 from a nineyear high in JulySeptember as the goods trade gap moderated and net services exports rose, a Reuters poll found. The median forecast of 22 economists polled March 1623 showed a current account deficit of […]

March 24, 2023
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HONG KONG, March 24 Reuters Hong Kong needs to watch carefully for any further spillover from U.S. regional banks, although the city has very little exposure to the situation in European and U.S. financial institutions, the Hong Kong Monetary Authority said on Friday. The failure of two U.S. banks and a crisis at Credit Suisse […]

March 24, 2023
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Feb core CPI up 3.1 yryr, matches forecast Index excluding fresh food, fuel costs rises 3.5 in Feb Data shows costpush pressure from raw materials easing TOKYO, March 24 Reuters Japan39;s core consumer inflation slowed in February but an index stripping away energy costs hit a fourdecade high, data showed on Friday, suggesting costpush pressures […]

March 24, 2023
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LONDON, March 24 Reuters Cashstrapped British households cut back on eating out and takeaways last month and instead bought food at supermarkets and shopped at discount stores, giving an unexpected boost to retail sales, official data showed on Friday. British retail sales unexpectedly rebounded by 1.2 in February from the month before, returning sales volumes […]

March 24, 2023
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March 24 Reuters Equity analysts are cutting their estimates for Asian companies39; earnings because of worries about slowing global growth and the absence of a boost from China39;s reopening from COVID. According to Refinitiv IBES data, analysts have cut their forward 12month earnings39; estimates by 3.6 since February, more than the 1.9 increases released in […]

March 24, 2023
Finance
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European bank shares resume fall, Deutsche Bank tumbles Bond yields drop, yen gains as haven buying continues Markets price in aggressive rate cuts from Fed LONDON, March 24 Reuters Global stocks were pressured on Friday and safehaven buying supported government bonds as concerns about the stability of the banking system lingered. The MSCI World share […]

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Norway Wealth Fund to Vote for Labour Rights Motion at Starbucks AGM

Chinese Food Delivery Giant Meituan Posts 21.4 Rise in Q4 Revenue

Spains Industrial Prices Rise 7.8 YearonYear in February

Tyson Foods Plant Closure Raises Antitrust Concerns among US Farmers, Experts

India Current Account Deficit Likely Narrowed to 2.7 of GDP in Q4

Hong Kong on Watch for Spillover from US Regional Banks

Japans Consumer Inflation off 41Year High but Cost Pressure Persists

British Retail Sales Rebound Despite CashStrapped Consumers

Asian Company Earnings Cut on China, Global Slowdown Worries

No LetUp for World Stocks as Banking Worries Persist

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