China Woes Drag Down Pernod Ricards Q1 Sales

PARIS, Oct 17 Reuters French spirits maker Pernod Ricard said it still expected to return to sales growth in the 202425 fiscal year despite reporting a worsethanexpected 5.9 fall in first quarter sales, caused partly by weakness in China. Pernod39;s first quarter sales drop came amid weak consumer demand in China and persistent challenges in the […]
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ECB Cuts Rates Once More as Euro Zone Economy Sags

Third rate cut this year, first backtoback cut in 13 years Recent economic data supports case for reduction Quarterpoint cut lowers benchmark ECB rate to 3.25 High interest rates have hurt investment, economic growth Lagarde says still on track for soft landing Oct 17 Reuters The European Central Bank cut interest rates on Thursday for […]
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Oil Prices Flat as Investors await US Data

LONDON, Oct 17 Reuters Oil prices were broadly flat on Thursday as investors waited on developments in the Middle East, the release of official U.S. oil inventory data and details on China39;s stimulus plans. Brent crude futures were up 11 cents to 74.33 a barrel at 1114 GMT, while U.S. West Texas Intermediate crude futures […]
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Brazil Eyes Closer Regulatory Cooperation with new cbank Leadership

Government, central bank have been at odds over some regulatory issues in recent years Better cooperation will improve 39;tone39; of relationship, source says Central bank39;s autonomy law has led to policy coordination challenges BRASILIA, Oct 17 Reuters Brazil39;s government is preparing to cooperate more closely with the central bank on regulatory issues like cryptocurrencies and […]
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