Tag: per
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Amazon launches first Android tablets, raising prices and incorporating Alexa
SAN FRANCISCO, Oct 8 : Amazon on Thursday unveiled a slate of higher-end tablets that for the first time feature its Alexa+ voice assistant and run on Google’s Android operating system, a bet that consumers will pay more for premium devices after years of focusing on the budget end of the market.Seattle-based
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Dollar creeps towards 18-month high, euro lags as bond yields rise again
LONDON, Oct 8 : The dollar rose towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro.The global bond sell
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PepsiCo cuts forecast, deepens cost cuts as N.America recovery drags
Oct 8 : PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages. Faced with high input costs, inflation hit to demand and the growing threat o
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PepsiCo to cut costs as weak N.America business hurts core profit forecast
Oct 8 : PepsiCo cut its annual core profit forecast on Thursday and said it would pursue additional cost cuts, warning that efforts to revive growth and profitability in its crucial North American business were taking longer than expected.This highlights a broader challenge in the packaged food industry, wher
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Shares slip as European bond bashing rumbles on
LONDON/SYDNEY, Oct 8 : Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil and gas prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.Europe saw renewed selling of French and other heav
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PepsiCo to cut costs as weak N.America business hurts annual core profit forecast
Oct 8 : PepsiCo said on Thursday it would pursue additional cost cuts after lowering its annual core profit forecast due to sluggish demand for its snacks and beverages in North America and rising input costs.Consumer packaged goods makers such as PepsiCo, General Mills, McCormick and Conagra Brands are navig
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Dollar holds near 18-month high, euro lags as bond yields rise
LONDON, Oct 8 : The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro.The global bond sell
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Thai central bank in no rush to raise rates, governor says
BANGKOK, Oct 8 : Thailand’s central bank chief said on Thursday there is no rush to raise interest rates and monetary policy could not address structural issues constraining economic growth. • The central bank left its key interest rate unchanged at 1.00 per cent in August and its next monetary policy rev
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Asia shares slip, bonds submerged in tide of AI debt
SYDNEY, Oct 8 : Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.Oil prices jumped anew amid an increase in attacks on shipping in the Gulf and added to the p
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Asia shares subdued, bonds swamped by AI debt wave
SYDNEY, Oct 8 : Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.A fresh rise in oil prices added to the pressure on Treasuries, though a strong auction of
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