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BBCNEWS Asia Business Report June 4, 2024 01:30:00

Rating from aaa to aa plus. fitch cited expected fiscal deterioration over the next three years, as well as growing government debt burden. now, the downgrade also follows a debt ceiling agreement injune that saw months of political brinkmanship. credit ratings like these are used by investors to assess the risk profile of companies and government, us treasury and us government governments, rather. now, the us treasury secretary, janet yellen, said that she disagreed with fitch s move and said it was based on outdated data. the white house has also said that the move defies reality and that they strongly disagree with the decision. cafe giant starbucks has unveiled quarterly earnings that beat expectations. the world s largest coffee chain reported revenue of $9.2 billion. that s a jump of 12% from a year ago. the earnings were helped by a consumer recovery in china and a return to office in the united states. michelle fleury has more. ....

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BBCNEWS Newsday June 4, 2024 23:30:00

Agency fitch has downgraded american top credit rating from aaa to aa plus. fitch cited expected physical deterioration over the next three years as well as growing government debt burden. the downgrade also follows a death dealing agreement injune that saw once agreement injune that saw once a political bryggman ship. debt ceiling agreement for stub these are used by investors. the us treasury secretary janet yellen said she disagreed with the move and said it was based on outdated data. the white house has also said the move defies reality and they strongly deserved ruthie decision. cafe giant starbucks has unveiled a quarterly earnings that beat expectations. the worlds largest coffee chain reported revenue of $9.2 billion. that is a jump of revenue of $9.2 billion. that is ajump of 12% revenue of $9.2 billion. that is a jump of 12% from a year ago. the earnings were helped by a consumer recovery in ....

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BBCNEWS Asia Business Report June 4, 2024 23:32:00

Increases and investment in its caf s dragged down its overall profits. starbucks ceo, who took over from predecessor howard schultz in march, held the progress the company was making. he still faces lots of challenges, though, including the company s response to union organising. the company s response to union organising- organising. shall fleury there. meanwhile. organising. shall fleury there. meanwhile, uber organising. shall fleury there. meanwhile, uber reported - organising. shall fleury there. meanwhile, uber reported a l meanwhile, uber reported a surprise pocket of almost $a00 million for the second quarter. after a 2,000,000,000 dollar loss compared to a year ago. this is uber s first ever quarterly operating profit. the results were boosted by gains in uber cosmic equity investments. revenues rose 1a% but missed analysts forecast slightly. 0il giant bp saw its second quarter profits slumped 70% from a year ago. coming in at $2.6 billion and missing forecast. this is a ....

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BBCNEWS Asia Business Report June 4, 2024 23:30:00

Downgraded agency fitch has downgraded american top credit rating from aaa to aa plus. fitch cited expected physical deterioration over the next three years as well as growing government debt burden. the downgrade also follows a death dealing agreement injune that saw once agreement injune that saw once a political bryggman ship. debt ceiling agreement for stub these are used by investors. the us treasury secretary janet yellen said she disagreed with the move and said it was based on outdated data. the white house has also said the move defies reality and they strongly deserved ruthie decision. cafe giant starbucks has unveiled a quarterly earnings that beat expectations. the worlds largest coffee chain reported revenue of $9.2 billion. that is a jump of revenue of $9.2 billion. that is ajump of 12% revenue of $9.2 billion. that is a jump of 12% from a year ago. the earnings were helped by a consumer recovery in ....

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BBCNEWS Asia Business Report June 4, 2024 23:31:00

China. and a return to office in the united states. michelle fleury has more. in the united states. michelle fleury has more. americans love lattes and fleury has more. americans love lattes and coffee fleury has more. americans love lattes and coffee helping - lattes and coffee helping starbucks to the rest supposed eidetic years but with high inflation in the us, a cup of coffee is now $5 on average of the big question for investors going into this earnings season was going to consumer still spend money on elaborate coffees? the answer was mixed. sales in north america grew 7% even after the chain raised prices. that figure was below wall street s forecast. customer traffic only increased by 1% full time most of the goods came from existing customers spending more money. sales in china, its second is market, rose sharply. sales increased a whopping a0 said percent from a year ago. starbucks remains a favourite brand among chinese consumers, the company benefiting from a rebound ....

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