BUSINESS

Covergirl makeup, owned by Coty Inc., is seen for sale in Manhattan, New York City, U.S., February 7, 2022.

Coty Raises Annual Profit Outlook On Resilient Luxury Demand

Coty Inc raised its full-year profit forecast on Monday following resilient demand for its high-end fragrances and skincare products in the United States and Europe at a time when inflation has soared to multi-year highs in most countries.
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An employee guides inside a tungsten mine in Gangwon Province, South Korea, March 31, 2022. Picture taken March 31, 2022.

Kicking The China Habit: South Korea Hunts Tungsten Treasure

Blue tungsten winking from the walls of abandoned mine shafts, in a town that's seen better days, could be a catalyst for South Korea's bid to break China's dominance of critical minerals and stake its claim to the raw materials of the future.
A woman exits the ground floor of an office building with Westpac logo amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. Picture taken June 3, 2020.

Westpac Maintains 2024 Cost Target, Profit Tops Estimates

Australia's Westpac Banking Corp said on Monday it was on track to meet its expense targets by 2024 even as inflation drives peers to abandon their cost-cut plans, while the lender's half-year earnings beat estimates, sending its shares 3% higher.

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