Heineken sees Europe Resilience Offsetting Asia Slowdown Risk

Q1 beer volumes down 3.0 vs consensus of 1.9 decline Q1 revenues up 8.9 to 6.38 bln euros, in line with consensus Maintains 2023 operating profit growth forecast BRUSSELS, April 19 Reuters Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the AsiaPacific region offset by greater resilience among […]
Read More

Oil Slides, Interest Rate Expectations Eclipse Chinese Data

April 19 Reuters Oil prices dropped sharply on Wednesday, sliding by 2 as potential U.S. interest rate hikes that could slow growth and curb oil consumption outweighed strong Chinese economic data and falling U.S. inventories. Brent crude futures shed 1.70 to 83.07 a barrel by 0929 GMT while West Texas Intermediate U.S. crude fell by […]
Read More

Cool U.K. Labour Data, BoE Possibly Another Rate Hike

PREVIOUS TRADING DAY EVENTS 18 April 2023 Announcements  U.K. Claimant Count Change the change in the number of people claiming unemploymentrelated benefits during the previous month was reported at 28.2K, way higher than expected. The Average Earnings Index of 3my, the change in the price businesses and the government pay for labour including bonuses, was […]
Read More

Alphabet Shares Fall on Report Samsung may Dump Google Search for Bing

April 17 Reuters Alphabet Inc shares fell as much as 4 on Monday following a report South Korea39;s Samsung Electronics was considering replacing Google with Microsoftowned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google39;s 162billionayear search engine business face from Bing a minor […]
Read More