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India’s rupee slid to a record low as crude prices continued their relentless surge, deepening worries about the nation’s external deficit.
Source
Bloomberg Markets
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The results come as top European original equipment manufacturers (OEMs) navigate several industry headwinds.
The war in the Middle East has left Asian buyers grappling with a two-speed diesel economy, as poorer states face acute shortfalls, while wealthier nations with large refining industries enjoy sizable buffers.
The BNP Paribas CFO cited a ‘wait-and-see’ attitude from corporates in the first-quarter, and argued he took provisions against the macroeconomic uncertainties. That’s after France’s largest bank reported net income that beat estimates in the first quarter, driven by a strong performance in equities trading. The CFO Lars Machenil spoke exclusively to Bloomberg Television on the ‘Opening Trade’. (Source: Bloomberg)
Unilever Plc’s sales rose more than expected as consumers in emerging markets including India snapped up its cleaning products and Dove soap, offsetting lackluster demand in the US.
