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On January 12th, ING Bank currency analyst Francesco Pesole stated in a report that the Swiss franc has become the most popular safe-haven currency among major currencies amid concerns about the Federal Reserves independence. Pesole pointed out that the Swiss franc became the best-performing G10 currency on Monday after news broke that Fed Chairman Powell was facing a criminal investigation over the Feds headquarters renovation project. Powell stated that this was merely an excuse for President Trump to force the Fed to cut interest rates. Pesole also indicated that the euro and Swedish krona could potentially benefit from these concerns about the Feds independence.On January 12, Zhipu (02513.HK) issued an announcement stating that, following recent reports that the Group has established a strategic partnership with a travel platform, and after making reasonable inquiries regarding the Company in the relevant circumstances, the Company confirms that the partnership is conducted in the ordinary and usual course of the Groups business. The Company is not aware of any information that needs to be disclosed to avoid a false market in the Companys securities, or any inside information that needs to be disclosed under Rule 13.09(2) of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).Federal Housing Finance Agency Director Pulte: Fannie Mae and Freddie Mac are valued between $500 billion and $1 trillion.Federal Housing Finance Agency Director Pulte: Fannie Mae and Freddie Macs initial public offerings are still under discussion.Federal Housing Finance Agency Director Pulte: I will meet with homebuilders this week.

Pernod Ricard Expects Digital Drive to Stimulate Growth

Aria Thomas

Jun 08, 2022 14:50

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Pernod Ricard (EPA:PERP) announced on Wednesday that it was betting on digital efforts, its portfolio of premium brands, and its distribution network to drive sales growth over the next five years.


Pernod, the second-largest spirits company in the world after Diageo (LON:DGE), stated that it will strive for organic sales growth of between 4 and 7 percent per year over the medium term.


Pernod, whose brands include Martell cognac, Mumm champagne, and Absolut vodka, reaffirmed its goal to increase operating profit margin by 50 to 60 basis points annually, assuming it can achieve annual organic sales growth of 4 to 7 percent in the medium term.


The corporation noted that its digital activities would entail more work to predict client preferences and industry trends using data.


Pernod Ricard has a Capital Market Day on Wednesday afternoon.

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