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OPEC sticks to oil demand view, sees better economic growth

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further upside potential.

Pilots at Qantas unit extends planned three-day strike to six days

Qantas Airways' chartered flights unit said on Tuesday its pilots will now be on strike for six days starting this Wednesday, instead of the planned three days, as they continue their demand for higher pay.

Carbon capture tech a 'complete falsehood', says Fortescue Metals chairman

Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday.

San Francisco Waymo arson sparks fresh debate on self-driving cars

A seasoned San Francisco cab driver might have avoided the intersection of Jackson Street and Grant Avenue, in the heart of the city's Chinatown on the first day of Chinese New Year.

Marriott's 2024 profit forecast lags estimates as US demand moderates

Hotel operator Marriott International forecast 2024 profit below Wall Street expectations on Tuesday, as room revenue in the United States normalizes from its post-pandemic highs.

Biogen fourth-quarter profit misses on Aduhelm exit costs

Biogen missed Wall Street estimates for fourth-quarter profit on Tuesday following its decision last month to return the rights for Alzheimer's disease drug Aduhelm and on soft sales of multiple sclerosis drug Tecfidera.

Coca-Cola revenue tops estimates on firm demand, higher prices

Coca-Cola beat Wall Street estimates for fourth-quarter revenue on Tuesday, as the beverage maker benefited from higher product prices and buoyant demand, especially for its namesake drink.

Restaurant Brands results beat estimates on strong sales at Burger King, Tim Hortons

Restaurant Brands International beat Wall Street estimates for quarterly revenue and profit on Tuesday, helped by efforts to turn around its Burger King business and robust demand at Tim Hortons.

Hasbro misses quarterly estimates as toy demand slumps; shares fall

Hasbro posted a steeper-than-expected drop in holiday-quarter sales and profit on Tuesday as a persistent demand weakness in the toy industry weighed on revenues of its digital and board games, sending its shares down 13% in premarket trading.

Morning Bid: Nikkei and Nasdaq stalk records, CPI lurks

A look at the day ahead in U.S. and global markets from Mike Dolan

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