LONDON, Aug 1 Reuters Diageo39;s cost inflation is starting to moderate after a doubledigits surge in its last fiscal year, the maker of Guinness stout and Johnnie Walker whisky told Reuters on Tuesday, the latest consumer goods group to flag an easing in cost pressures. Manufacturers of everything from soap to spirits have struggled since […]

SINGAPORE, Aug 1 Reuters Saudi Arabia, the world39;s biggest oil exporter, may raise its price for Arab Light crude for sale to Asian refiners for a third month as its voluntary output cuts may be extended, further tightening the supply of highsulphur, or sour, crude. Stateowned Saudi Aramco may raise the official selling price OSP […]

Aug 1 Reuters Australia39;s TPG Telecom on Tuesday said it received an offer from Macquariebacked rival Vocus to buy some of its nonmobile fibre assets for about A6.3 billion 4.21 billion. Vocus Group made an indicative, highly conditional, nonbinding offer to acquire certain of TPG39;s Enterprise, Government and Wholesale assets and associated fixed infrastructure assets, including […]

TOKYO, Aug 1 Reuters Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and production volumes as well as the tailwind from the weaker yen. Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement efforts made […]