By Gwladys Fouche OSLO (Reuters) – Norway’s wealth fund will continue to raise environmental, social and corporate governance (ESG) issues with the companies it is invested in, including with Big Tech, despite a backlash against ESG, a top fund official said on Thursday. In recent months, U.S. conservative activists have spoken out against discussing issues …
Norway’s wealth fund maintains ESG focus despite US backlash Read More »
LONDON (Reuters) – Gunvor’s alumina trader Zach Mayer is leaving the Geneva-based commodity trader to join London-listed miner Glencore from May 1, according to a source with knowledge of the situation. Mayer joined Gunvor in October 2023, according to his LinkedIn profile. It was not possible to reach Mayer for comment. Gunvor confirmed Mayer’s departure, …
Glencore poaches alumina trader Zach Mayer from Gunvor Read More »
By Andrea Shalal and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund on Thursday said it is closely following developments in the U.S., including moves by the Trump administration to halt foreign aid and impose tariffs on China, but it was too soon to offer clear assessments of the impact. The global lender has repeatedly …
IMF says it’s too early to gauge impact of US foreign aid cuts, tariffs Read More »
(Reuters) -Strong results from AstraZeneca helped London’s blue-chip index notch a record close on Thursday, while a dovish majority behind the Bank of England’s move to deliver a 25-basis-point interest rate cut fuelled bets of more to come. The exporter heavy FTSE 100 also got a boost from a weaker pound, closing 1.2% higher. The …
Astrazeneca results, rate cut bets power FTSE 100 to record close Read More »
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank hopes U.S. President Donald Trump’s plan to support cryptocurrencies pegged to the U.S. dollar will speed up legislative backing for the digital euro, ECB board member Piero Cipollone told Reuters. The ECB has presented its digital currency – essentially an online wallet …
ECB hopes Trump’s crypto plan will speed up digital euro Read More »
(Reuters) – Serco Group said on Thursday it has been selected by the UK Ministry of Defence for a 1 billion pound ($1.24 billion) contract to provide recruitment services for the Royal Navy, the British Army, the Royal Air Force and Strategic Command. The initial term of the contract is for seven years, outsourcer Serco …
UK’s Serco gets $1.24 billion recruitment contract from defence ministry Read More »
By Anshuman Tripathy (Reuters) -Aptiv forecast 2025 profit above analysts’ estimates on Thursday on the back of steady demand and cost measures, but the auto parts supplier expressed caution on potential tariffs that might impact supply chains and vehicle production. U.S. President Donald Trump’s proposed tariffs on Canada, Mexico, and China add to industry headwinds …
Aptiv forecasts upbeat 2025 profit on steady demand, warns of tariff risks Read More »
MILAN (Reuters) – Italy’s Banca Mediolanum has not yet made a decision on Banca Monte dei Paschi’s bid for Mediobanca, its Chief Executive Massimo Doris said on Thursday, after the asset manager posted its best-ever net profit. State-backed MPS last month shocked Italy’s financial world by launching a hostile all-share bid for Mediobanca, seven-and-a-half years …
Mediolanum posts record profit in 2024, no decision yet on MPS bid for Mediobanca Read More »
By Harry Robertson, Naomi Rovnick and Greta Rosen Fondahn (Reuters) -Investors grappled with a gloomy set of Bank of England forecasts on Thursday that complicate the outlook for UK assets, with sterling set for its biggest one-day fall in four weeks even as bond yields held broadly steady. The BoE lowered rates to 4.5% and …
Pound slides on BoE rate cut as investors fret about ‘stagflation’ Read More »
By Sergio Goncalves LISBON (Reuters) – London-based Savannah Resources has suspended prospecting works at some sites of its lithium project in northern Portugal due to a precautionary injunction filed in a court by some landowners, the company said on Thursday. The injunction only covers land that is not owned by the company. Savannah said in …
Savannah suspends some lithium prospecting in Portugal after injunction Read More »
