Ritu

Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged 0
- Uncategorized
- February 10, 2023
Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if
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AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand 0
- Uncategorized
- February 9, 2023
AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare disease therapies that helped make up for waning sales of its COVID-19 vaccine. Core earnings per share during the three months ended on December 31 was $1.38, a drop in actual terms of 17% compared
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Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build 0
- Uncategorized
- February 9, 2023
Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve officials saw markets reassessing their outlook for U.S. interest rate hikes this
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Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth 0
- Uncategorized
- February 7, 2023
Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another
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