Holcim shrugs off interest rate fears to raise guidance
By John Revill ZURICH (Reuters) -Holcim AG shrugged off concerns about rising interest rates dampening building industry demand as the world’s biggest cement maker raised its full-year guidance after beating first-quarter forecasts. U.S. construction spending declined in February, data showed this month, as the housing market bore the brunt of aggressive interest rate hikes by the Federal Reserve in its battle against high inflation. Other countries such as Britain have […]