MOSCOW (Reuters) -Russian Urals crude oil differentials to dated Brent were little changed on Thursday in quiet trade. Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow …
(Reuters) -BlackRock has been acquiring billions of pounds of UK assets it considers “undervalued,” The Times newspaper reported on Thursday, quoting the U.S. asset manager’s CEO Larry Fink. In an interview with the British newspaper, Fink said that BlackRock has been broadly increasing its investments in UK assets “across the board.” Fink said that the …
BlackRock CEO boosts holding in ‘undervalued’ UK assets, The Times reports Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the previous day. U.S. assets, including the dollar, rallied on Wednesday after U.S. President Donald Trump backed down from threats …
Dollar rally unravels as investors shrug off Trump U-turns Read More »
(Reuters) -Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday. The job cuts affect teams within Oculus Studios, Meta’s in-house game development arm for Quest virtual reality headsets. Employees working on titles such as Supernatural, a VR fitness …
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up on Thursday as investors weighed a weaker U.S. dollar, potential OPEC+ output increase, mixed economic news, conflicting U.S. tariff signals and news from the Russia-Ukraine war. Brent crude futures rose 43 cents, or 0.7%, to settle at $66.55 a barrel. U.S. West Texas Intermediate (WTI) …
Oil prices settle up on weaker US dollar, mixed economic news Read More »
By Richa Naidu, Hyunjoo Jin, Jessica DiNapoli LONDON/SEOUL/NEW YORK (Reuters) -Businesses across multiple industries are hiking prices, backing away from previous financial guidance and warning of growing uncertainty as U.S. President Donald Trump’s trade war pushes up costs, upends supply chains and stirs concerns about the global economy. Earnings releases on Thursday showed that corporations …
Trump trade war spreads more gloom across businesses worldwide Read More »
By Mathias de Rozario (Reuters) -Tyre maker Michelin reported a slightly smaller than expected drop in first-quarter sales as its core automotive, scooters and motorcycles division outperformed. Michelin’s sales fell 1.9% from a year earlier to 6.52 billion euros ($7.40 billion), compared with a forecast of 6.43 billion euros in a company-provided consensus. “Volumes were …
Michelin’s sales drop less than expected despite volume slump Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s competition watchdog CNMC is set to approve BBVA’s proposed acquisition of rival Sabadell as early as next week, two sources with knowledge of the matter told Reuters, potentially clearing another hurdle in the long-running hostile takeover bid. Under the terms of the approval, BBVA will have to make some …
MILAN (Reuters) -Italy’s third-largest bank Banco BPM on Thursday formally rejected a takeover bid by bigger rival UniCredit, saying the price was too low and that its shareholders would be penalised in the combined entity. UniCredit’s 13 billion euro ($14.8 billion) offer starts on Monday and runs until June 23. UniCredit has the right until …
Banco BPM formally rejects UniCredit takeover offer Read More »
By Mateusz Rabiega and Dimitri Rhodes (Reuters) -Accor, Europe’s biggest hotel group by portfolio, reported a larger-than-expected rise in first-quarter revenue on Thursday, citing sustained global demand in the hospitality sector supported by its geographical diversification. The operator of brands, including Ibis and Novotel said revenue in the three months to March 31 reached 1.35 …
Hotel group Accor beats first quarter revenue expectations Read More »
