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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
Japan’s ANA surprises with small Q3 operating profit but keeps FY loss guidance
By Maki Shiraki and Jamie Freed TOKYO -ANA Holdings Inc surprised with a small third-quarter operating profit on Tuesday but Japan’s biggest airline still expects a loss for the year, indicating a…
Savoury snacks and beef drive UK grocery inflation -Kantar
By James Davey LONDON – British grocery inflation rose to 3.8% in the four weeks to Jan. 23, with the prices of savoury snacks, crisps and beef rising the most, market researcher…
UK house prices post strongest start to year since 2005: Nationwide
LONDON – British house price growth accelerated in January, marking the strongest start to any year since 2005, mortgage lender Nationwide said on Tuesday. House prices jumped by 0.8% in January, following…
French inflation eases less than expected in January
PARIS – French inflation fell less than expected in January as it eased back from a 13-year high on lower prices for manufactured goods due to winter sales, preliminary EU-harmonised data showed…
Japan’s Nomura Q3 net profit drops 39% as pandemic-era trading boom slows
By Makiko Yamazaki TOKYO -Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, reported on Tuesday a 38.7% drop in third-quarter net profit as the pandemic-era trading boom waned. But this is…
Report on Rio Tinto finds ‘disturbing’ culture of sexual harassment, racism, bullying
By Praveen Menon -A report released by Rio Tinto on Tuesday outlined a culture of bullying, harassment and racism at the global mining giant, including 21 complaints of actual or attempted rape…
Novozymes reports Q4 operating profit below estimates
COPENHAGEN – Enzymes maker Novozymes on Tuesday reported fourth quarter operating profit slightly below expectations but said it expected sales to grow organically by between 3-7% in the next financial year. The…
Germany, Denmark seek more ambition from EU on green aviation fuel
By Kate Abnett BRUSSELS – European Union plans to require the aviation sector to use more sustainable fuels are not ambitious enough and the EU should let member states set their own…
China’s Great Wall says will invest $1.8 billion in Brazil over next decade
(This Jan 28 story corrects investment figure to $1.8 bln, from $1.9 bln in headline) SHANGHAI – China’s Great Wall Motor said on Friday it will invest 11.5 billion yuan ($1.81 billion)…
Turbulent January could bode poorly for rest of year for U.S. stocks
By Lewis Krauskopf NEW YORK – 2022 is off to a turbulent start for U.S. stocks. Even as the market recouped some losses in the last two sessions of the month, the…
U.S. oil refiners, workers agree to continue labor talks past strike deadline
By Erwin Seba HOUSTON -Negotiators for the United Steelworkers union (USW) and U.S. oil and chemical companies late Monday agreed to continue talks on a new contract after a strike deadline passed,…
Oil refiners offer union workers 9% pay raise over three years -sources
HOUSTON – U.S. oil refiners have offered union oil and chemical workers a 9% pay raise over three years, according to people familiar with the matter, as talk on a new labor…
JLR owner Tata Motors’ shares slip after quarterly loss
BENGALURU – Shares of India’s Tata Motors Ltd fell 3.7% on Tuesday, after the Jaguar Land Rover (JLR) owner reported a bigger quarterly loss than expected and warned of rising inflationary pressures.…
Australia’s Boral to return A$3 billion to shareholders, shares rise
– Building material maker Boral Ltd will return A$3 billion ($2.12 billion) to its shareholders using mostly proceeds from the sale of several North American businesses that helped it refocus on the…
Australia’s central bank ends bond buying, in no rush to hike rates
By Wayne Cole SYDNEY – Australia’s central bank kept its cash rate at a record low of 0.1% on Tuesday and ended its A$275 billion ($194.40 billion) bond buying campaign as expected,…
Ryanair calls on Belarus to guarantee no repeat of plane diversion
DUBLIN -The Irish airline Ryanair on Monday urged Belarus to guarantee that there would be no repeat of the forced landing of one of its flights last May, and said airlines should…
Japan’s top currency diplomat says weak yen has merits and demerits for economy
By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO -Japan’s top currency diplomat Masato Kanda said a weak yen has both merits and demerits for the economy due to the country’s changing export patterns…
Nasdaq narrowly misses worst January ever as Wall Street gains
By David French – U.S. stocks closed higher on Monday, at the end of a volatile month for Wall Street where the tech-heavy Nasdaq narrowly avoided its worst ever start to the…
Exxon unveils sweeping restructuring in latest cost cutting move
By Sabrina Valle HOUSTON -Exxon Mobil Corp on Monday disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals businesses into one, and put its energy transition…
Japan Jan factory growth hits near 8-year high – PMI
TOKYO – Japan’s manufacturing activity grew at the fastest pace in nearly eight years in January on stronger output and new orders, while cost pressures stayed elevated as firms continued to face…
Argentina’s Peronists split over IMF deal as top lawmaker rebels
By Eliana Raszewski BUENOS AIRES -A prominent Argentine lawmaker on Monday broke ranks with the country’s ruling party on Monday, rejecting a $44.5 billion agreement struck in principle with the International Monetary…
Japan’s Seven & i to sell department store unit, Nikkei reports
TOKYO -Japanese retailer Seven & I Holdings Co Ltd is in final negotiations to sell its department store unit, Sogo & Seibu, the Nikkei business daily reported on Monday, amid investor pressure…
Japan’s Dec jobless rate falls as monthly employment gain hits near 36-year high
TOKYO – Japan’s jobless rate fell to 2.7% in December as employment posted the biggest monthly gain in nearly 36 years, government data showed on Tuesday. The seasonally adjusted unemployment rate in…
Qatar seals Boeing freighter deal with surprise 737 order
By David Shepardson, Eric M. Johnson and Tim Hepher WASHINGTON/SEATTLE -Qatar Airways handed Boeing Co a record launch order for 34 new 777X freighters and a surprise purchase of 737 MAX passenger…
Global stocks trade higher at the end of a volatile month
By Katanga Johnson WASHINGTON -World stocks climbed higher on Monday as investors digested new optimism from the U.S. Treasury’s top economist that inflationary pressures should ease in 2022 due to weaker demand…
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