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17 May

Italian luxury group Zegna sees sales above 2 billion euros in mid-term

Italy's Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group said on Tuesday at its first Capital Markets Day since its debut on Wall Street in late 2021.

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17 May

JD.com beats revenue estimates as lockdowns boost e-commerce demand

(Reuters) -Chinese e-commerce group JD.com Inc beat Wall Street estimates for quarterly revenue on Tuesday, as more people shopped on its platform following lockdowns in mainland China to fight a fresh COVID-19 outbreak.

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17 May

Shares recover even as growth, inflation fears linger

Global shares recovered on Tuesday on optimism about an easing of China's crackdowns on tech and COVID-19, but concerns about rising prices and slowing growth worldwide set a nervy tone elsewhere in markets.

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17 May

Analysis-U.S. coal companies struggle to cash in on Europe crunch

U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia's invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines.

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17 May

Euro zone Q1 GDP growth rate revised upward to end-2021 pace

Euro zone economic growth was stronger than previously expected in the first quarter, revised data showed on Tuesday, and employment rose too, showing the euro zone expanded at the solid pace seen of the end of 2021 despite the war in Ukraine.

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17 May

JD.com beats quarterly revenue estimates on increased e-commerce demand

(Reuters) -JD.com Inc, beat Wall Street estimates for quarterly revenue on Tuesday, as more people shopped on its e-commerce platform following lockdowns in Mainland China to fight a fresh COVID-19 outbreak.

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17 May

Why Indonesia's palm oil export ban has not cooled cooking oil prices

Indonesia, the world's biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil.

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