PARIS, Aug 31 Reuters Pernod Ricard posted a higherthanexpected 11 organic rise of its fullyear 202223 operating profit amid strong sales, led by a recovery in demand for its Martell cognac in the fourth quarter in China where it was able to raise prices. The owner of Mumm champagne and Absolut vodka said that in an […]

SINGAPORE, Aug 31 Reuters China39;s Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau. After a quiet launch in late June of Sinopec Overseas Investment Holding as […]

SHANGHAI, Aug 31 Reuters China39;s CanSino Biologics, which recently announced a contract manufacturing deal to support AstraZenca39;s messenger RNA mRNA technology vaccine programme, is in talks with more firms on similar deals, its CEO said, as it seeks new revenue streams to make up for plummeting COVID vaccine demand. CanSino begun researching mRNA technology in 2018 […]

PARISWINNIPEG, Manitoba, Aug 30 Pasta lovers must brace to pay even higher prices for their favorite dish, as drought in Canada and bad weather in Europe damages crops of durum wheat and reduces supplies available to flour millers and food companies. Italy39;s government called a crisis meeting in May as prices for the staple food jumped by […]

KUALA LUMPUR, Aug 30 Reuters Malaysia39;s Petroliam Nasional Berhad Petronas will focus on bolstering its capital position to deal with increasing volatility in the energy market and restrictive access to financing, the state oil firm39;s chief executive said on Wednesday. Petronas posted a 29 drop in secondquarter profit, in line with oil majors such as […]

TOKYO, Aug 30 Reuters A malfunction that shut down all of Toyota Motor Corp39;s plants in Japan on Tuesday happened during an update of the automaker39;s parts ordering system, two people with knowledge of the matter said. The world39;s topselling automaker has not given any details of what went wrong to cause the closure and a […]

BoC, ICBC post slow H1 profit growth BoC warns of LGFV risks Both lenders post narrower NIMs BEIJINGHONG KONG, Aug 30 Reuters Two of China39;s biggest banks on Wednesday posted sluggish profit growth as the economy struggles to bounce back after the lifting of pandemic restrictions, with one saying local government financing vehicles LGFV had […]