Corona Beer Maker Constellation Brands Forecasts Annual Profit above Estimates

April 11 Reuters Constellation Brands forecast annual profit above Wall Street expectations on Thursday, banking on resilient demand for its core beer brands despite sticky inflation. Demand across the company39;s beer brands like Modelo Especial and Pacifico remained strong as consumers stretched their budgets even though living expenses persistently rise. Constellation expects annual comparable earnings per […]
Read More

Vodafone Ldea to Launch 2.16 Billion Share Sale in India

BENGALURU, April 12 Reuters Indian telecom operator Vodafone Idea said on Friday it would raise up to 180 billion rupees 2.16 billion later this month through a sale of new shares, in what will be the country39;s biggest followon public offering FPO. The debtladen company said in February it would raise up to 200 billion rupees through equity, […]
Read More

Norways KLP may Push Tesla on Collective Bargaining at Annual Meeting

Norwegian pension fund KLP considers shareholder proposal Fund says Musk underestimates worker dispute Tesla has said Swedish conditions already meet demands KLP excluded Tesla from its sustainable funds last year OSLOSTOCKHOLM, Reuters KLP, Norway39;s largest pension fund and a Tesla investor, may ask the electric carmaker39;s annual general meeting to address CEO Elon Musk39;s reluctance to engage […]
Read More

Oil Prices Slip, Inflation Concerns Offset Mideast Tensions

LONDON, April 11 Reuters Oil prices slipped on Thursday as persistent inflation dampened rate cut optimism but stayed near sixmonth highs as investors braced for a potential attack on Israeli interests by Iran. Brent crude futures were down 49 cents or 0.5 to 89.99 a barrel at 1030 GMT, while U.S. West Texas Intermediate crude […]
Read More

RBNZ Holds OCR at 5.50, U.S. CPI Inflation Beats Estimates

Previous Trading Days Events 10.04.2024 The U.S. inflation report yesterday shook the markets as it showed that U.S. consumer prices increased more than expected in March leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings. The latest labour market […]
Read More