Heineken cuts 2023 forecast following weak point in Asia

Heineken claimed it has viewed indications of slowdown in desire for its beer in some European marketplaces following its third-quarter revenue rose by significantly less than anticipated.

Image by Alex Tai/SOPA Illustrations or photos/LightRocket by means of Getty Illustrations or photos

Heineken, the world’s next-largest brewer, decreased its forecast for 2023 earnings development on Monday just after a weak effectiveness in Asia depressed to start with-fifty percent earnings by far more than envisioned.

The Dutch firm, whose models include Tiger and Sol, claimed it now predicted advancement in working financial gain just before a person-offs this yr to be among zero and a mid single-digit proportion. It experienced previously forecast a mid- to large-one-digit percentage.

Source

World

10-year Treasury yield lower as investors mull rates path following strong GDP data

December 24, 2025

U.S. Treasury yields edged slightly lower on Wednesday as investors positioned for a shortened trading day ahead of the holidays. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was 1 basis point lower at 4.159% by 4:15 a.m. E.T. Yields on the 2-year Treasury note were largely unchanged, at 3.528%. The 30-year bond yield, meanwhile, […]

Oil giant BP to sell 65% stake in billion Castrol unit

World

Oil giant BP to sell 65% stake in $10 billion Castrol unit

December 24, 2025

Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]

World

European markets poised for lackluster open ahead of shortened trading session

December 24, 2025

LONDON — European markets are expected to open in flat to negative territory as investors take stock of the volatile year during Christmas Eve’s shortened trading session. The U.K.’s FTSE 100 and Germany’s DAX were last seen edging below the flatline, while France’s CAC was 0.1% lower according to data from IG Group. The pan-European Stoxx […]