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Oil slides as Middle East uncertainty keeps markets on edge

LONDON, April 1 (Reuters): Oil reversed earlier gains on Wednesday as uncertainty over the situation in the Middle East unnerved markets and US President Donald Trump again suggested the US-Israeli war with Iran could be nearing an end.The front-month Brent contract for June fell $1.06, or 1 per cent, to...

Gold nears 2-week high as US dollar weakens

Gold was at a near two-week high on Wednesday after posting its biggest monthly loss in nearly 17 years in March, as the US dollar and Treasury yields weakened on signs of de-escalation in the war on Iran, reports Reuters.Spot gold was up 1.8 per cent at $4,755.50 per ounce...

Unilever, McCormick strike deal to create $65b food giant

LONDON, April 1 (Reuters): Unilever will merge its food business with spice maker McCormick, it said on Tuesday, creating a company worth around $65 billion in the second-largest food transaction in history.The agreement is CEO Fernando Fernandez's biggest gambit since taking the helm in March 2025 and comes after he...

India raises jet fuel, commercial LPG prices

NEW DELHI, April 1 (Reuters): Indian fuel retailers raised jet fuel and commercial liquefied petroleum gas (LPG) prices on Wednesday, following a sharp spike in global prices due to the US-Israeli war on Iran. India, the world's second-largest LPG importer, is battling its worst gas crisis in decades, with the...

US retail sales strong in February

WASHINGTON, April 1 (Reuters): US retail sales increased by the most in seven months in February as motor vehicle purchases rebounded and temperatures warmed up, but surging gasoline prices because of war in the Middle East could crimp spending in the months ahead.The Commerce Department's delayed report on Wednesday suggested...

Coca-Cola plans to invest $1b in South Africa through 2030

JOHANNESBURG, April 1 (Reuters): Coca-Cola and its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest 17.6 billion rand ($1.05 billion) in South Africa through 2030, to support expanded production capacity, the company said.The announcement was made by Luis Felipe Avellar, president of the Coca-Cola Company's...