 | | | | Kraft Heinz Co aims to double the pace of its sales growth in Latin America, making the region its second-largest global market within the next five years, the top regional executive of the packaged food maker told Reuters. | | | | | | Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates. | | | | | | International Business Machines Corp is winding down its business in Russia and has started to lay off its employees in the country, according to a memo to staff sent last week and emailed to Reuters on Tuesday. | | | | | | Raytheon Technologies Corp said on Tuesday it would move its headquarters to Arlington, Virginia, as the defense contractor looks to bolster relationships with lawmakers and customers. | | | | | | U.S. stock indexes fell on Tuesday as elevated Treasury yields hit rate-sensitive growth stocks, while Target Corp's gloomy margin forecast spooked the retail sector. | | | | | | Goldman Sachs increased its Brent oil price forecasts by $10 to $135 a barrel for the period between the second half of 2022 and the first half of next year, reasoning that a structural supply deficit was still unresolved. | | | | | | Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions, three sources familiar with the matter told Reuters. | | | | | | Union Pacific Corp on Tuesday warned it would miss full-year margin targets as the railroad operator takes on rising costs related to fuel, wages and its network. | | | | | | The United States faces "unacceptable levels of inflation" and an appropriate budgetary stance is needed to help dampen inflationary pressures without undermining the economy, U.S. Treasury Secretary Janet Yellen told senators on Tuesday. | | | | | | EIG is in early discussions with Repsol to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters. | | | | | |
