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Lindt lifts growth outlook on consumer loyalty, taste for premium chocolates

(Reuters) -Swiss chocolate maker Lindt & Spruengli raised its organic sales growth forecast for 2025 on Tuesday, citing consumer loyalty and a trend towards more premium products. The maker of Lindor chocolate balls expects organic sales growth of between 9% and 11% this year, after ...
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JPMorgan considers offering loans backed by clients’ cryptocurrency holdings, FT reports

(Reuters) -JPMorgan Chase is exploring plans to lend against clients’ cryptocurrency holdings, the Financial Times reported on Tuesday, citing people familiar with the matter. Reuters could not immediately confirm the report.(Reporting by Bipasha Dey in Bengaluru; Editing by Mrigank Dhaniwala) Brought to you by www.srnnews.com
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Morning Bid: Europe Inc braces for pain from a sturdy euro

A look at the day ahead in European and global markets from Ankur Banerjee The incredible rise of the euro this year is sure to play a part in Europe Inc’s performance as a steady but unspectacular start to the earnings season kicks up a ...
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Exclusive-Indonesia plans $8 billion refineries contract with US firm amid tariffs deal, sources say

By Stefanno Sulaiman and Dewi Kurniawati JAKARTA (Reuters) -Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an ...
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‘South Park’ creators reach $1.5 billion streaming deal with Paramount, LA Times reports

(Reuters) -“South Park,” the animated comedy featuring foul-mouthed children, has reached a $1.5 billion streaming deal with Paramount, the LA Times reported on Monday. Paramount has agreed to acquire the global streaming rights for “South Park” in a deal aimed at bringing the show to ...
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Analysis-How Japan’s election outcome muddles the BOJ’s policy path

By Leika Kihara TOKYO (Reuters) -Japan’s election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes. Lingering ...
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China’s Q2 smartphone shipments down 2.4%, says Counterpoint

BEIJING (Reuters) -Smartphone shipments in China were down 2.4% for the second quarter compared with a year ago, Counterpoint Research said on Tuesday. Apple’s sales in China fell 1.6% year-on-year while Chinese mobile maker Huawei’s sales rose 17.6%, Counterpoint said in a press statement. Huawei, the ...
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In South Korea’s ‘apple county’, farmers beg not to be sacrificed for US trade deal

By Hyunjoo Jin CHEONGSONG, South Korea (Reuters) -The apples grown in the South Korean county of Cheongsong in the country’s southeast are so renowned for their flavour that they are often given out in neatly-packaged gift boxes during national holidays. But apple farmers, who account for ...
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Asian stocks firm as investors look to tariff negotiations, earnings

By Ankur Banerjee SINGAPORE (Reuters) -Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street’s closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. The ...
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Australia central bank wary of cutting rates too quickly, prudent to await more data

SYDNEY, July 22 (Reuters) – Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing in a cautious and gradual manner, a reason that it shocked markets by holding steady this month. ...
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Oil edges lower as trade war concerns increase worries about fuel demand

By Anjana Anil (Reuters) -Oil prices edged down on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity weighed on investor sentiment. Brent crude futures fell 24 cents, ...
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Dollar indecisive as investors await more tariff clarity

By Rae Wee SINGAPORE (Reuters) -The dollar traded in a tight range on Tuesday after a brief fall at the start of the week, as investors watched out for any progress on trade talks ahead of an August 1 deadline for countries to strike deals ...
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