Reuters UK Business

(Reuters) – Norges Bank Investment Management will vote against a resolution for mining major Rio Tinto to review its two listings in London and Sydney, the website for Norway’s sovereign wealth fund showed. Rio Tinto shareholders are set to vote on the resolution, brought by London-based hedge fund Palliser Capital and more than 100 other …

Norway sovereign wealth fund to vote against Rio Tinto dual-listing review resolution Read More »

By Ben Ezeamalu LONDON (Reuters) – Prices in British shops fell less in March than in February and are likely to climb soon due to the impact of a new tax on employers and other costs for retailers, an industry group said on Tuesday. The British Retail Consortium said shop prices fell by 0.4% in …

UK shop prices fall less sharply as retailers brace for tax hit Read More »

(Reuters) -Everton made a loss of 53 million pounds ($68.44 million) in the 2023-24 season, marking a seventh consecutive year in deficit, the Premier League club said on Monday, but they will avoid breaches of the league’s profit & sustainability rules. Despite Everton reporting an improvement from the 89.1 million pounds deficit recorded the previous …

Soccer-Everton report seventh straight year of financial losses Read More »

NEW YORK (Reuters) – The amount in U.S. dollars held as reserve currency globally slipped in the last quarter of 2024 while the percentage of actual dollars held as reserve ticked up, IMF data showed on Monday. Dollar-equivalent amounts dropped also among holdings in euro, pound sterling, yuan, yen, Swiss franc and Australian and Canadian …

Percent of global FX reserves in dollars ticks up, amounts fall, IMF data shows Read More »

(Reuters) – UBS has appointed its Americas chief investment officer, Solita Marcelli, to succeed Bruno Marxer as head of global investment management, according to an internal memo seen by Reuters on Monday. Marcelli will take on the role, which will be expanded to now cover the Americas, APAC, Switzerland and EMEA, effective July 1. Marxer, …

UBS names new head of global investment management, memo says Read More »

(Reuters) – Brazilian Finance Minister Fernando Haddad said on Monday the European Union should view its trade deal with Mercosur for its political significance, not just its economic impact. Speaking at a conference at Sciences Po university in Paris, Haddad said the agreement offers little economic advantage for Mercosur but holds political value for both …

Brazil’s finance minister says EU should see Mercosur deal as political, not just economic Read More »