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Nestles Chocolate Prices in Focus as Cocoa Costs Bite

LONDON, July 24 Reuters Nestle may flag more price hikes on its chocolate products when the world39;s biggest food maker reports firsthalf earnings on Thursday, making Kit Kat bars and Smarties more expensive by Christmas. Over the past three years Nestle and other consumer goods companies have raised prices across their brands to cover skyhigh input […]
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Informa to Buy Cannes Lions Owner Ascential for 1.6 bln

Informa to buy Cannes lions and Money2020 owner Recommended offer of 568 pence per share represents 53 premium Shares in Ascential jump 26, Informa broadly flat LONDON, July 24 Reuters Britain39;s Informa said on Wednesday it had reached a deal to buy Cannes Lions Festival owner Ascential for 1.2 billion pounds 1.6 billion, adding the flagship ad […]
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JPY Strengthened Heavily, Gold Higher after Retracing

Previous Trading Days Events 23.07.2024 Winners vs Losers XAUUSD reached the top of the weeks list with 0.6 gains. It also leads for the month with 3.87 gains. The U.S. Dollar is also gaining ground while the JPY has experienced massive strengthening since the 11th of July.  News Reports Monitor Previous Trading Day 23.07.2024 Server […]
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Chinas Quant Funds Suffer Deep Losses amid Crackdown

HONG KONG, July 24 Reuters Chinese computerdriven quant hedge funds suffered heavy losses in the first half of the year, underperforming traditional stocks strategies at home and other popular global fund strategies, data shows. That dismal performance is leading to a reshuffle in the 200 billion industry, prompting some to even exit their businesses, market […]
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Yen Jumps on Commodity Currencies as Carry Unwinds

SINGAPORE, July 24 Reuters Commodity currencies slid to multiweek lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting. The Aussie dollar fell 0.5 and at 0.6686 was […]
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Gold Prices Climb as Investors Focus on US Economic Data

Fed to cut rates twice this year, economists say Nearterm outlook for gold remains constructive analyst Spot gold may bounce to 2,432 technicals July 24 Reuters Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve39;s ratecut timeline. Spot gold was up 0.3 at 2,416.39 per ounce, […]
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India Likely to Ease Curbs on some Chinese Investments, Sources

NEW DELHI, July 24 Reuters India is likely to ease restrictions on Chinese investment in nonsensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said. In 2020, India tightened scrutiny on investments from companies based in China due to military tensions in the remote Himalayan […]
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