A look at the day ahead in European and global markets from Gregor Stuart Hunter It turns out Nvidia’s earnings could only smother the blaze on markets for so long. Stock markets are tumbling again after a renewed selloff in tech shares on Wall Street on Thursday, and even though there were some signs of …
Morning Bid: Three-alarm fire as tech selloff resumes, Takaichi stimulus lands Read More »
By Samuel Indyk and Nell Mackenzie LONDON (Reuters) -Britain’s unloved investment trusts may be nearing a turning point as falling interest rates, a possible government drive to boost share ownership, and activist pressure converge to unlock value. Investment trusts, which pool shareholder funds into diversified portfolios, have been a fixture of Britain’s markets for 150 …
By Melanie Burton MELBOURNE (Reuters) -The EU is prepared to take direct stakes in Australian critical minerals projects and will soon announce a list of projects it will support, EU Trade Commissioner Maros Sefcovic said on Friday. Sefocvic spoke with Australian resources minister Madeleine King on Thursday about specific projects and ways to finance them …
EU ready to take stakes in Australian resources projects, trade commissioner says Read More »
By Allison Lampert MONTREAL (Reuters) -Sweden’s Saab AB has made offers of its GlobalEye surveillance planes to Qatar and Saudi Arabia as part of a broader effort to drive demand for its military aircraft, the defence group’s CEO said on Thursday. “We are campaigning, and we have given them offers,” Saab CEO Micael Johansson told …
Saab pitches GlobalEye surveillance planes to Qatar, Saudi Arabia Read More »
By Elizabeth Howcroft PARIS (Reuters) -Cryptocurrency markets have surged in recent years, in part fuelled by the Trump administration’s pro-crypto stance which has encouraged wider acceptance among financial institutions. With a total value of $3.2 trillion and around $197 billion of trading volume per day, cryptocurrencies represent a small part of global markets, crypto tracker …
Crypto’s connections to the rest of the financial system Read More »
(Reuters) -Australia’s Webjet Group became the centre of a potential takeover tussle on Friday after private equity firm BGH Capital lifted its bid to A$0.91 a share, edging past a rival approach from Helloworld Travel earlier this week. Under the offer, BGH would acquire the rest of the shares it does not already own in …
LONDON (Reuters) -British consumer confidence edged down in November but remained in its narrow range of the past six months, a survey showed on Friday, in contrast to other data that has shown more weakness ahead of finance minister Rachel Reeves’ budget next week. The GfK consumer confidence barometer, Britain’s longest-running survey of household sentiment, …
By Kirstin Ridley LONDON (Reuters) -A billion-dollar money laundering network that operated across Britain bought a controlling stake in a Kyrgyzstani bank to facilitate sanctions evasion and support Russia’s war in Ukraine, Britain’s National Crime Agency said on Friday. In an update to an international investigation into Russian money laundering networks, dubbed “Operation Destabilise”, the …
Money laundering networks lead from Britain to Russia, UK says Read More »
By Nicole Jao (Reuters) -BP said its Olympic Pipeline remained shut on Thursday following a leak earlier this month near Everett, Washington. “Response crews have begun 24-hour excavation operations and are proceeding with excavation of the pipelines to allow for visual inspection,” BP said in an emailed statement. The company did not provide a timeline …
BP’s 400-mile Olympic Pipeline system remains shut after leak near Everett, Washington Read More »
BRUSSELS (Reuters) -The European Union is in touch with social media network X regarding hate speech content on X’s Grok, which the EU described as ‘appalling’ and going against European human rights values. “We are in touch with X, because the company has the obligation to take action against risks relating to Grok,” said European …
EU is in touch with X regarding hate speech content on Grok Read More »
