The Latest Breaking News from APAC

Australians are being warned to expect longer queues at restaurants and shopping hubs over the Christmas holidays as businesses struggle.

Gold prices should remain volatile in the short term amid the strengthening US dollar and rising interest rates, but the outlook is positive as investors buy gold to hedge against uncertainties in the global financial market, say the World Gold Council.

Molson Coors Beverage Co (NYSE:TAP) reported fourth-quarter FY21 sales growth of 14.2% year-on-year, to $2.62 billion, beating the consensus of $2.55 billion. Net sales in the Americas rose 7.6% Y/Y, and EMEA & APAC gained 56.4%.  Gross profit fell 4.2% Y/Y to $857.3 million. The operating margin was 6.3%, and operating income for…

Sealed Air Corp (NYSE:SEE) reported fourth-quarter FY21 sales growth of 14% year-on-year, to $1.53 billion, beating the analyst consensus of $1.49 billion. On an organic basis, sales in the Americas rose 20% Y/Y, EMEA increased 13%, and APAC gained 4%. Adjusted EPS of $1.12 missed the analyst consensus of $1.13. The gross profit…

Two senior hires will be based in a new Singapore office