Too early for South Korea to shift policy focus from inflation – finance minister

INCHEON, South Korea (Reuters) – South Korea needs to see more stabilisation in prices before it can shift the focus of economic policies from fighting inflation to boosting growth, Finance Minister Choo Kyung-ho said on Thursday. A consistent approach was needed to tackle inflation, and shifting the policy stance before that “may spark inflationary pressures …

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Henkel startet mit Umsatzplus – Weniger Ware verkauft

Düsseldorf (Reuters) – Der Konsumgüterkonzern Henkel hat im ersten Quartal den Umsatz deutlich gesteigert und blickt nun optimistischer auf 2023. Der Hersteller von Pritt und Persil habe eine “hohe Zuversicht”, das obere Ende seiner Umsatzprognose im Gesamtjahr zu erreichen, sagte Konzernchef Carsten Knobel. Das Umsatzplus schaffte Henkel vor allem durch Preiserhöhungen, gleichzeitig verkaufte der Konzern …

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Factbox-India’s Wadia Group whose Go First is in trouble

NEW DELHI (Reuters) – India’s Wadia Group has survived British colonial rule and fierce business rivalries to create an empire that spans industries, from aviation and real estate to retail, healthcare, engineering and chemicals. Here are some details about the Mumbai-based conglomerate, whose airline sought bankruptcy protection this week. – Founded in 1736 by Loeji …

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Shell, Equinor profits beat forecasts as trading offsets lower energy prices

By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) – Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their trading desks to offset lower oil and gas prices. The stronger-than-expected profits from the two companies follow forecast beating results from rivals Exxon Mobil, Chevron and BP over …

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Hong Kong March retail sales jump 40.9% in fourth month of growth

HONG KONG (Reuters) -Hong Kong’s March retail sales rose 40.9% from a year earlier, the second biggest percentage rise on record, as consumer and visitor spending continued to improve, though the low base of comparison also contributed, government data showed on Thursday. Sales increased to HK$33.6 billion ($4.28 billion) in a fourth consecutive month of …

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Rohingya refugees in Bangladesh to make “go and see” Myanmar visit

By Sudipto Ganguly and Ruma Paul DHAKA (Reuters) -Twenty Rohingya Muslim refugees and some Bangladeshi officials will visit Myanmar’s Rakhine State on Friday as part of an effort to encourage their voluntary repatriation, a Bangladeshi government official told Reuters. Nearly one million Rohingya Muslims are living in camps in the Bangladeshi border district of Cox’s …

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India’s HDFC beats Q4 profit estimates on home loan demand

BENGALURU (Reuters) – India’s largest mortgage lender Housing Development Finance Corporation Ltd reported a bigger-than-expected 19.6% rise in fourth-quarter profit, boosted by strong demand for loans. HDFC said profit after tax rose to 44.26 billion rupees ($541.09 million) for the three months ended March 31, from 37 billion rupees a year earlier. Analysts, on average, …

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