Stock to buy: Sri Lankan crisis sent this debutant stock tumbling. Analysts see up to 72% upside!

NEW DELHI: Worries over Sri Lanka operations, which accounted for 17 per cent of FY22 sales, have weighed heavily on shares of recent debutant . While analysts do see the issue to impact the profitability of the non-exclusive franchise of YUM! brands (in India and Sri Lanka) in the short term, they are finding comfort … Read more

Japan Inc suddenly sees the downside of tumbling yen

As Canon kicked off Japan’s corporate earnings season in late April with an upgrade to its annual profit guidance, chief executive Fujio Mitarai welcomed the yen’s sharp decline as “a big plus” for the printer maker. Canon has been one of the biggest beneficiaries as the Japanese currency fell through ¥130 against the dollar just … Read more

Beyond Meat Stock Is Tumbling. Its Earnings Were That Bad.

Beyond Meat stock is slumping after reporting earnings. Angela Weiss / AFP via Getty Images Text size Beyond Meat stock was tumbling after the fake-meat maker’s earnings revealed a larger-than-expected loss. Beyond Meat reported a GAAP loss of $1.58 a share, missing forecasts for a loss of 97 cents, on sales of $109.5 million, below … Read more

Bitcoin falls to lowest since January, in line with tumbling stock markets By Reuters

© Reuters. FILE PHOTO: A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier By Alun John HONG KONG (Reuters) – fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading … Read more

Oil joins tumbling commodities as China COVID spread triggers fresh demand worries

Oil prices tumbled on Monday, amid fresh worries that spreading COVID cases and more lockdowns in China will hurt demand. That has added to concerns that Federal Reserve tightening could also weaken prospects for the commodity. Price action West Texas Intermediate crude for June delivery  CL.1, -4.02%   CL00, -4.02%   CL00, -4.02% CLM22, -4.02% … Read more

China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Bloomberg News Publishing date: Apr 22, 2022  •  11 minutes ago  •  2 minute read  •  Join the conversation Article content (Bloomberg) — China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame … Read more