South Africa's biggest food producer Tiger Brands said on Tuesday its four-month revenue to end January rose 17% year-on-year as it raised prices to manage soaring input costs.
General Mills Inc on Tuesday raised its annual organic sales and profit forecast, betting on price hikes and strong demand for its popular snack bars and breakfast cereals amid a cost-of-living crisis.
Racial and ethnic minorities now hold a fifth of board seats at Russell 3000 companies, up from 12% in 2019, but remain underrepresented, data from ISS Corporate Solutions on Tuesday showed.
Walmart Inc forecast full-year earnings below estimates on Tuesday, saying it was cautious about the economic outlook for 2023 and that consumers were likely to continue shopping for lower-priced items that could pressure its margins.
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EU finance ministers started talks last week on adjusting the bloc's fiscal rules to the post-pandemic realities of high debt and significant investment needs, but some countries are not happy with the first proposal, particularly Germany.
U.S. stock index futures fell on Tuesday as fears that interest rates will remain higher for longer gripped traders returning from a long weekend, while disappointing results from Home Depot added to the gloomy mood.
Goldman Sachs said it was expecting the European Central Bank to raise interest rates thrice this year, taking the terminal rate to 3.5% from 3.25% estimated earlier.
Home Depot Inc forecast annual profit below Wall Street expectations on Tuesday as demand for home improvement products dwindle due to soaring inflation, while it grapples with higher costs and a tighter labor market.
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