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Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, U.S. sanctions on Iran and Venezuela, and hopes that the Sino-U.S. trade dispute may soon end. Continue Reading Below International Brent crude futures were at $66.66 per barrel at 0746 GMT, up 41 […]

Coca-Cola CEO: We expect to increase prices around the world Coca-Cola CEO James Quincey on the economy, expanding the company’s line of beverages, the pricing outlook, the Super Bowl, marketing, launching bottles and cans themed to the Korean boy band BTS and the company’s ‘World Without Waste’ initiative. Coca-Cola Co […]

Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. Continue Reading Below The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge […]

Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories. Continue Reading Below Brent crude futures were up 77 cents at $63.19 a […]

(Reuters) – Hotel operator Hilton Worldwide Holdings Inc reported a better-than-expected quarterly profit on Wednesday, as healthy travel demand helped it boost room prices. Continue Reading Below The hotel industry in the United States has thrived in the backdrop of a robust economy, allowing corporations to raise their travel budgets […]

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela. Continue Reading Below Brent crude futures were up $1.65, or 2.7 percent, […]

Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in U.S. drilling and concerns about demand due to the slow progress in U.S.-Chinese trade talks. Continue Reading Below Benchmark Brent oil was little changed, up 3 cents at $62.13 a barrel at […]

Toymaker Hasbro reported a bigger-than-expected fall in quarterly revenue on Friday, as it struggled with lost sales from the collapse of retailer Toys “R” Us and weak demand in the UK, sending its shares down 9 percent. Continue Reading Below “We were not … able to recapture as much of […]

Feb 7 (Reuters) – Yum Brands Inc beat analysts’ estimates for quarterly sales at established global outlets on Thursday, driven by strong growth at Taco Bell and KFC. Continue Reading Below Taco Bell recorded its strongest growth in same-restaurant sales in seven quarters. Yum has been taking the U.S.-centered brand’s […]

Oil fell 1 percent on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact of U.S. sanctions on Venezuela on global supplies eased. Continue Reading Below U.S. crude inventories rose by 2.5 million barrels last week, the American Petroleum Institute said on Tuesday. […]