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Dollar buoyed by safe-haven bids, rate jitters

Dollar buoyed by safe-haven bids, rate jitters

By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East es..

Artificial heart maker Carmat completes 7 million euro capital increase

Artificial heart maker Carmat completes 7 million euro capital increase

PARIS (Reuters) – Artificial heart maker Carmat, whose financial situation has been under pressure, said on Monday that it had ..

KKR prepares binding bid for Telecom Itali a’s grid as deadline looms

KKR prepares binding bid for Telecom Itali a’s grid as deadline looms

By Elvira Pollina MILAN (Reuters) – U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TI..

Dollar softens slightly, yen in touching distance of 150

Dollar softens slightly, yen in touching distance of 150

By Samuel Indyk and Brigid Riley LONDON (Reuters) – The U.S. dollar edged lower on Friday after its biggest daily increase sinc..

Porsche: deliveries up in every region but China in first 9 months of 2023

Porsche: deliveries up in every region but China in first 9 months of 2023

BERLIN (Reuters) – Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, ..

Map maker TomTom’s Q3 loss narrows boosted by car branch growth

Map maker TomTom’s Q3 loss narrows boosted by car branch growth

(Reuters) -Digital mapping specialist TomTom on Friday reported a smaller than expected operating loss for the third quarter, driven ..

Singapore Q3 GDP up 0.7% y/y

Singapore Q3 GDP up 0.7% y/y

SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data sho..

EU opens probe into X in test of new tech rules, pressure on TikTok, Meta

EU opens probe into X in test of new tech rules, pressure on TikTok, Meta

By Foo Yun Chee and Sheila Dang BRUSSELS/DALLAS (Reuters) -EU industry chief Thierry Breton on Thursday opened an investigation into ..

Ericsson books $3 billion impairment, says Q3 core profit fell 39%

Ericsson books $3 billion impairment, says Q3 core profit fell 39%

STOCKHOLM (Reuters) -Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acqui..

Travis Perkins shares sink as weak housing market prompts profit warning

Travis Perkins shares sink as weak housing market prompts profit warning

By Sarah Young LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit..

Asia stocks hit 2-week high as Fed talk turns dovish

Asia stocks hit 2-week high as Fed talk turns dovish

By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish sh..

Euribor revamp aims to attract wider pool of banks

Euribor revamp aims to attract wider pool of banks

By Marc Jones and Huw Jones LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp o..

HP forecasts 2024 profit in line with estimates, boosts annual dividend

HP forecasts 2024 profit in line with estimates, boosts annual dividend

(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting ..

Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say

Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say

By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broa..

Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement

Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement

By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from wh..

Estonia launches investigation into underwater communications cable malfunction -PM

Estonia launches investigation into underwater communications cable malfunction -PM

(Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under t..

IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone

IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone

By Andrea Shalal MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Tuesday cut its growth forecasts for China and the ..

Ireland lays out plans for 100 billion euro sovereign wealth fund

Ireland lays out plans for 100 billion euro sovereign wealth fund

By Padraic Halpin and Graham Fahy DUBLIN (Reuters) -Ireland laid out plans in Tuesday’s budget to turn some of the healthiest p..

Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032

Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032

By Gabrielle Tétrault-Farber NYON, Switzerland(Reuters) -The United Kingdom and Ireland will host the 2028 European Championship, w..

Bank of England to review how it stress tests banks

Bank of England to review how it stress tests banks

By Huw Jones LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said..

IMF says ‘weak tail’ of banks could struggle in an economic downturn

IMF says ‘weak tail’ of banks could struggle in an economic downturn

WASHINGTON (Reuters) -Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, de..

Dollar stalls as dovish Fed and China hopes help euro

Dollar stalls as dovish Fed and China hopes help euro

By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as inves..

Bank of England warns that some global asset valuations appear stretched

Bank of England warns that some global asset valuations appear stretched

By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that valuations for some financial assets may b..

Imperative for Italy to control public spending, economy minister says

Imperative for Italy to control public spending, economy minister says

By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essenti..

Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources

Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructur..

Dollar gains against euro in flight to safety on Israel-Palestinian fighting

Dollar gains against euro in flight to safety on Israel-Palestinian fighting

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The safe-haven dollar rose on Monday against the euro and sterling ..

Renewables funds see record outflows as rising rates, costs hit shares

Renewables funds see record outflows as rising rates, costs hit shares

By Patturaja Murugaboopathy and Tommy Wilkes BENGALURU/LONDON (Reuters) – Investors ditched renewable energy funds at the faste..

Investors on guard for oil price spike as Middle East turmoil rattles markets

Investors on guard for oil price spike as Middle East turmoil rattles markets

By Lewis Krauskopf and Naomi Rovnick (Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for i..

GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion

GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion

LONDON/SHANGHAI (Reuters) – China’s largest vaccines company Zhifei will pay British drugmaker GSK 2.5 billion pounds ($3...

UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict

UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict

By Khushi Singh and Bansari Mayur Kamdar (Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Eur..

Oil, gold jump, stocks slip on Middle East conflict

Oil, gold jump, stocks slip on Middle East conflict

By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global sto..

European stocks slip amid Middle East conflict jitters

European stocks slip amid Middle East conflict jitters

By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) – European stocks came under pressure on Monday as Mideast military..

Apollo, JB Capital preparing bid for Vodafone’s Spanish unit, Expansion says

Apollo, JB Capital preparing bid for Vodafone’s Spanish unit, Expansion says

MADRID (Reuters) – U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish..

Weight-loss drugs fuel boom for firms that fill syringes

Weight-loss drugs fuel boom for firms that fill syringes

By Maggie Fick LONDON (Reuters) – Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are ..

Progress in reforming development banks ‘quite limited,’ new tool shows

Progress in reforming development banks ‘quite limited,’ new tool shows

By Andrea Shalal MARRAKECH, Morocco (Reuters) – A new tool launched on Monday to track reforms by the World Bank and the five b..

Oil prices jump as Middle East violence rattles markets

Oil prices jump as Middle East violence rattles markets

By Andrew Hayley BEIJING (Reuters) -Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Isr..

Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal

Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal

By Michael Erman (Reuters) -Bristol-Myers Squibb on Sunday said it will acquire cancer drugmaker Mirati Therapeutics for up to $5.8 b..