Euro zone factory activity stuck in steep downturn in Sept – PMI
LONDON (Reuters) – Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a..
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STOXX 600 sinks to six-month low on higher bond yields
(Reuters) -European stocks kicked off the final quarter on a negative note as higher bond yields pressured equities and as data showed..
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Hungarian and US scientists win Nobel for COVID-19 vaccine discoveries
STOCKHOLM (Reuters) -Hungarian scientist Katalin Kariko and U.S. colleague Drew Weissman, who met in line for a photocopier before mak..
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Environmental groups file complaint against France’s TotalEnergies over climate impact
PARIS (Reuters) – Four environmental organisations have started legal action against France’s largest energy company Total..
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Top central banks’ rate hike push fizzles out in September, EM parts ways
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Central banks across major developed economies delivered what looked lik..
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How could quantum computing benefit the financial services industry
Quantum computing, a groundbreaking field at the intersection of physics and computer science, has the potential to reshape industrie..
Finance
Securing consumer data in the age of personalisation
With stories of data leaks an almost daily occurrence, it’s becoming harder for consumers to have faith that brands are pu..
Companies
Italy’s Enel sells 50% of its Australia green business to INPEX
MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’..
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Cellnex sells stake in units in Sweden, Denmark for $772 million to Stonepeak
MADRID (Reuters), it – Spanish mobile phone tower operator Cellnex said on Friday it sold a 49% stake in its Swedish and Danish ..
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Nobel Peace Prize could honour Indigenous, women or green activists
OSLO/STOCKHOLM (Reuters) – Ukrainian President Volodymyr Zelenskiy and Russian dissident Alexei Navalny are among favourites for..
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Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season
By Ananya Mariam Rajesh (Reuters) – Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy..
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Meta’s new AI assistant trained on public Facebook and Instagram posts
By Katie Paul MENLO PARK, California (Reuters) -Meta Platforms used public Facebook and Instagram posts to train parts of its new Met..
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UK business confidence slips in September: Lloyds Bank
LONDON (Reuters) – British business confidence declined in September as optimism about the economic outlook faded, a survey show..
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Exclusive-Travelex owners considering sale of company –sources
LONDON (Reuters) – Travelex’s owners are exploring a sale of the British currency exchange, which fell into administration..
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Wallet brands for women
Women’s wallets are not just functional accessories; they are fashion statements and organizational tools rolled into one. These..
Featured
Oil jumps 3% as steep US crude stocks draw adds to supply concerns
HOUSTON (Reuters) -Oil prices surged 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to worries of tight glob..
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Sizes of European government debt trades halve in 2023-ICMA
By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bo..
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Meta’s new Quest headset to start shipping on Oct 10 -Zuckerberg
MENLO PARK, California (Reuters) -Meta Platforms’ newest Quest mixed-reality headset will start shipping on Oct. 10, Chief Execu..
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Shopify invests in wholesale platform Faire
LONDON (Reuters) – E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a glob..
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Bank of England delays final Basel bank capital rules to July 2025
LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg..
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Germany halts e-cars solar subsidy programme amid high demand
BERLIN (Reuters) – Germany’s state-owned KfW bank on Wednesday said it had halted a new subsidy programme for charging ele..
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UK’s Hiscox to sell Singapore and Thailand insurance business
(Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore..
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Germany bans neo-Nazi group, raids members’ homes
BERLIN (Reuters) – German authorities raided dozens of locations nationwide on Wednesday after interior minister Nancy Faeser b..
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Dollar scales 10-month top as rate jitters persist
By Rae Wee SINGAPORE (Reuters) – The dollar rose to a 10-month high against its major peers on Wednesday, toppling the euro and..
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Merchants want lower fees, need Amazon’s ads as US FTC files suit
RALEIGH, North Carolina (Reuters) – Merchants who sell on Amazon.com want the online retailer to cut back on fees while some als..
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Bank of England to leave rates on hold through mid-2024, cut in Q3: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England has concluded its tightening cycle and will likely keep the Ban..
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French shoppers buy fewer tampons, less detergent as prices surge
LONDON (Reuters) – French consumers are buying fewer personal hygiene and household products, sacrificing tampons and laundry de..
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Shutdown showdown in US Congress: Time running short to fund government
By David Morgan and Andy Sullivan WASHINGTON (Reuters) – The U.S. House and Senate on Tuesday plan to take sharply divergent pa..
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Three-quarters of firms globally are not ready for new ESG rules, KPMG finds
LONDON (Reuters) – Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) ..
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French retailers E-Leclerc and Carrefour say they will sell fuel at cost
PARIS (Reuters) -France’s two largest food retailers, E-Leclerc and Carrefour, said on Tuesday that they would heed the governme..
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Equities fall as U.S. Treasury yields, dollar stay elevated
NEW YORK (Reuters) – Equities around the world were lower on Tuesday in a choppy trading session as Treasury yields stayed clo..
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UK home secretary warns uncontrolled migration poses ‘existential challenge’
LONDON (Reuters) -Britain’s Home Secretary Suella Braverman warned on Tuesday uncontrolled migration poses an “existential..
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Exclusive-Cinven bought Eurovita bonds from GIC, others to help liquidation-source
MILAN (Reuters) – Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer..
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Types of hedge funds
The world of finance and investment is a complex and dynamic landscape, and at the heart of it lies a powerful and enigmatic entity kn..
Finance
Novartis confirms Sandoz spin-off for October 4, 2023
ZURICH (Reuters) – Novartis on Monday confirmed its plans for a 100% spin-off of the Sandoz business on Oct. 4 after shareholde..
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Lego abandons effort to make oil-free bricks – FT
(Reuters) – Danish Toymaker Lego has abandoned its effort to ditch oil-based plastics from its bricks after finding that its new..
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Macron wants fuel industry to sell at cost price
PARIS (Reuters) – French President Emmanuel Macron said on Sunday the government would ask the fuel industry to sell at cost pri..
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