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CORRECTED-UPDATE 2-Unilever sets long-term targets as China, India rebound - Vimarsana News

CORRECTED-UPDATE 2-Unilever sets long-term targets as China, India rebound

* China, India boost performance in Q4 * Sets long-term USG targets of 3-5% growth * Will save 2 bln euros, cut debt in new strategic plan Feb 4 (Reuters) - Unilever is targeting long-term sales growth of 3% to 5% after a recovery in China and India helped the consumer goods group to gain momentum in the final three months of 2020. But the company’s emerging market performance in the fourth quarter missed some market expectations, hitting the group’s shares which lost around 4% in early London trading. Setting out its longer-term targets under Chief Executive Alan Jope, Unilever said on T...

EXCLUSIVE-Treasury's Yellen to convene meeting of top regulators on GameStop volatility - Vimarsana News

EXCLUSIVE-Treasury's Yellen to convene meeting of top regulators on GameStop volatility

(Adds details on market volatility, ethics memo) WASHINGTON, Feb 2 (Reuters) - U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in GameStop Corp and other stocks. Yellen will convene the heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, a Treasury official said on Tuesday. Yellen sought and received permission from ethics lawyers before calling the meeting, according to a document seen by Reu...

CORRECTED-UPDATE 2-Canadian inflation slows in December amid renewed COVID-19 restrictions - Vimarsana News

CORRECTED-UPDATE 2-Canadian inflation slows in December amid renewed COVID-19 restrictions

(Fixes garbling in headline) OTTAWA, Jan 20 (Reuters) - Canada’s annual inflation rate slowed to 0.7% in December from 1.0% the previous month amid a new round of COVID-19 lockdowns and declining costs of airplane tickets, clothing and footwear, Statistics Canada said on Wednesday. Headline inflation was below analyst expectations for inflation to remain at November’s 1.0% rate. Consumer prices fell 0.2% on the month, as did the cost of food. “It’s an unexpected slowdown in inflation,” said Royce Mendes, a senior economist at CIBC Capital Markets. “Looking at the details, I don’...

CORRECTED-UPDATE 2-Chinese exports grow more than expected in Dec, imports quicken - Vimarsana News

CORRECTED-UPDATE 2-Chinese exports grow more than expected in Dec, imports quicken

* Exports +18.1% y/y in Dec vs +15% poll forecast * Imports +6.5% y/y in Dec vs +5% poll forecast * 2020 trade performance robust despite pandemic disruptions BEIJING, Jan 14 (Reuters) - Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made exports more expensive for overseas buyers. A robust domestic recovery also spurred Chinese appetite for foreign products in December, with import growth quickening from the month prior and beating expectations in a Reut...

US STOCKS-Wall St flat as stimulus rally cools; Intel shines - Vimarsana News

US STOCKS-Wall St flat as stimulus rally cools; Intel shines

* Intel jumps on replacing CEO Bob Swan * Exxon rises on J.P. Morgan upgrade to “overweight” * Regeneron up as U.S. govt orders more COVID-19 therapy doses * Indexes: Dow and S&P down 0.13%, Nasdaq flat Jan 13 (Reuters) - Wall Street’s main indexes slipped on Wednesday as investors digested a recent run to record highs on hopes of new fiscal package and vaccine rollouts for the coronavirus-ravaged economy, while Intel shares jumped on executive change. The chipmaker said it would replace Chief Executive Officer Bob Swan with VMware Inc CEO Pat Gelsinger next month. Its shares gained 7.5...