UK House Prices Bounce Unexpectedly in February Halifax

LONDON, March 7 Reuters British house prices jumped unexpectedly in February, potentially reflecting improvements in consumer confidence and the mortgage market, lender Halifax said on Tuesday, but the overall trend remained downwards. House prices rose 1.1 monthonmonth, following a 0.2 rise in January, Halifax said. A Reuters poll of economists had pointed to a 0.3 […]
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UK Salad Shortage Weighs on Supermarket Sales NIQ

LONDON, March 7 Reuters A lack of availability in fresh produce categories weighed on sales growth at British supermarkets in the four weeks to Feb. 25, industry data showed on Tuesday. Britons have been grappling with a shortage of key salad staples, particularly tomatoes, cucumbers and peppers. A hit to supplies from disrupted harvests in […]
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Rivian Plans to Sell 1.3 bln in Bonds to Shore U Capital

SAN FRANCISCO, March 6 Reuters Rivian Automotive plans to sell bonds worth 1.3 billion, it said on Monday, as weakening demand and lofty costs tighten a cash crunch around electrical vehicle makers. Shares in Rivian fell nearly 7 in afterhours trading. Initial investors will get an option to buy an additional 200 million of the bonds […]
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Lindt Spruengli Proposes Dividend Hike, 2022 Profit Climb

ZURICH, March 7 Reuters Lindt Spruengli said its 2022 profit rose and the Swiss chocolate maker also proposed a higher dividend payout on Tuesday, despite a challenging year that saw inflationary price hikes dampen consumer sentiment in key markets. Net income rose to 569.7 million Swiss francs 612.78 million, beating the 566 million francs forecast by […]
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Dollar Steady before Powell Testimony; Aussie Slips

SINGAPORELONDON, March 7 Reuters The U.S. dollar held steady on Tuesday ahead of testimony before Congress by Federal Reserve Chair Jerome Powell, while the Aussie slid after the Reserve Bank of Australia hinted it might nearly be done with monetary tightening. The Australian dollar was the day39;s major G10 mover, sliding as much as 0.79 to 0.6679, its lowest […]
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USD Inches Up ahead of Powell Speech; China Data Knocks Oil

LONDON, March 7 Reuters Global shares were broadly steady and the dollar nudged higher on Tuesday, ahead of Federal Reserve Chair Jerome Powell39;s testimony that could offer a steer on the outlook for U.S. rates, while soft Chinese trade data dented oil. Data showed China39;s exports and imports both fell sharply in JanuaryFebruary, reflecting a slowdown […]
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