L'Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming "even more complicated." "The Carpe Diem of the moment really trumps inflation," the head of the world's largest cosmetics company told the Consumer Goods Forum's Global Summit conference.
* GS raises chances of U.S. recession to 30% over next year. * Kellogg jumps on decision to split into three companies. * Indexes: Dow 1.58%, S&P 2.17%, Nasdaq 2.60% By Devik Jain and Anisha Sircar.
Indonesia's "unpredictable" palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world's top buyer of the edible oil, industry sources said.
- U.S. consumer goods firms, including P&G and Coca-Cola, are preparing for an impending slowdown in demand as runaway inflation fuels a surge in prices of everything from toothpaste to sodas and hammers the spending power of Americans.
U.S. consumer goods firms, including P&G and Coca-Cola, are preparing for an impending slowdown in demand as runaway inflation fuels a surge in prices of everything from toothpaste to sodas and hammers the spending power of Americans.
Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
* Govt cooking oil distribution move will succeed - industry group. * GAPKI warns of damage from prolonged ban. * Wednesday's last-minute policy shift rattles markets. * Rupiah falls to weakest since July 2021. * Navy seizes two tankers carrying palm oil. By Bernadette Christina and Fransiska Nangoy.
Beiersdorf, the maker of Nivea skin care products and Tesa glue, cut the forecast for full-year sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain issues in the automotive industry.
Thousands of Argentine farmers protested in Buenos Aires on Saturday against President Alberto Fernandez, whose policies to contain food prices to curb rampant inflation have been criticized by the agricultural sector. Argentina is one of the world's top food exporters and the sector is key to Latin America's third-largest economy.
Brazilian brewer Ambev SA should have a good year in terms of beer demand in Brazil, its Chief Executive Jean Jereissati Neto said on Wednesday. "From the point of view of consumer demand, it should be a good year.
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