India’s Marico beats profit view on steady demand for packaged oil

(Reuters) -Indian consumer goods maker Marico reported a first-quarter profit on Monday that topped analyst expectations, benefiting from steady demand for its cooking and hair oils. Its consolidated net profit rose nearly 9% to 5.04 billion rupees ($57.51 million) in the April-June quarter, beating analysts’ expectations of 4.86 billion rupees, according to data compiled by …

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Citi strengthens Asia investment banking team with key hires

(Reuters) -Citigroup has appointed Vikram Chavali and Deepak Dangayach as managing directors to bolster its financial sponsor and debt capital markets coverage across Asia, the bank said on Monday. The appointments come amid increased global demand for private and structured credit solutions, a sector Citi has been prioritising. Both bankers will be based in Hong …

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South Korea starts removing anti-North Korean loudspeakers on border

By Ju-min Park SEOUL (Reuters) -South Korean authorities began removing on Monday loudspeakers blaring anti-North Korea broadcasts along the country’s border, Seoul’s defence ministry said, as the new government of President Lee Jae Myung seeks to ease tensions with Pyongyang. Shortly after he took office in June, Lee’s administration switched off propaganda broadcasts criticising the …

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UK’s Senior reports 10% rise in profit on civil aerospace and defence demand

(Corrects pounds to dollars conversion of adjusted operating profit in paragraph 3) (Reuters) -British engineering firm Senior reported a 10% rise in first-half adjusted operating profit on Monday, helped by its aerospace division on robust civil aerospace and defence demand. Rising air travel demand, driven by growing disposable income along with increased defence spending amid …

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Muere una persona al chocar un autobús con un tren en la región rusa de Leningrado

(Corrige el titular y el párrafo 1 después de que la administración ferroviaria indicara que hubo una persona muerta, no dos, y once heridos, no diez) 4 ago (Reuters) – Una persona murió y otras once resultaron heridas al chocar un autobús con un tren de mercancías en la región rusa de Leningrado, informó el …

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India’s July palm oil imports drop as soyoil shipments surge, dealers say

By Rajendra Jadhav MUMBAI (Reuters) -India’s palm oil imports fell in July because of cancellations in import contracts, while soyoil shipments surged to a 3-year high due to competitive prices and the delivery of delayed shipments from June, according to five dealers. Lower palm oil imports by India, the world’s biggest buyer of vegetable oils, …

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Japan’s MUFG maintains record full-year profit forecast after steady Q1 results

By Anton Bridge TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) posted a 2.2% rise in first-quarter net profit on Monday as loan demand in Japan and abroad rode out market volatility over the quarter, after stripping out a one-time item. The results from Japan’s largest banking group round off a robust showing for the country’s …

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Japan’s Mitsubishi Materials may scale back copper smelting due to worsening margins

By Yuka Obayashi TOKYO (Reuters) -Japan’s Mitsubishi Materials is considering scaling back copper concentrate processing at its Onahama Smelter & Refinery as falling treatment and processing charges (TC/RCs) weigh on earnings, it said on Monday. In June, peer JX Advanced Metals said that it was also considering copper production cuts due to a significant deterioration …

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One person killed after bus collides with train in Russia’s Leningrad region

(Corrects headline, paragraph 1 after railway administration says one person killed, not two, 11 injured, not 10) (Reuters) -One person was killed and 11 others injured when a bus collided with a freight train in Russia’s Leningrad region, the regional railway administration said on Monday. “The driver of the … bus entered the crossing in …

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