Category: Business

World food prices rose for a seventh consecutive month in December, with all the major categories, barring sugar, posting gains last month, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 107.5 […]

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest U-turn on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. The latest move, which is effective Jan. 11, marks the third […]

LafargeHolcim will be able to fund half of the $3.4 billion price for Firestone Building Products from its existing cash position, Chief Executive Jan Jenisch said on Thursday. “We don’t need to finance the full consideration of $3.4 billion,” Jenisch told a conference call. LafargeHolcim would still probably issue bonds to pay for part of […]

The parent company of Malaysia Airlines said on Thursday it was nearing the end of a debt restructuring process which it hopes will be completed by the end of the first quarter of this year. Malaysia Aviation Group (MAG) said it was in talks with around 40 creditors and lessors to take a haircut in […]

UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia’s surprise unilateral production cut and expectations of a sharp recovery in demand in the second quarter on vaccine rollouts and increased travel. With Saudi Arabia’s move, OPEC’s production increase of 0.5 million barrels per day (bpd) for January […]

Ryanair slashed its annual traffic forecast by around 5 million passengers on Thursday, saying fresh lockdowns in Britain and Ireland targeting a highly contagious new variant of COVID-19 would leave the countries with “few, if any” flights. The Irish low-cost carrier, Europe’s largest, also harshly criticised public health measures, saying Ireland’s travel curbs were “inexplicable […]

When you sit down at the end of the day with a glass of Johnnie Walker or Captain Morgan, you probably do not think much about all the water that goes into that glass. But Perry Jones does. As head of the North American supply chain for beverage behemoth Diageo Plc – which produces not […]