(Reuters) – The UK’s blue-chip FTSE 100 hit an all-time high on Friday, supported by a weaker pound after much softer than expected retail sales data boosted expectations of an interest rate cut next month. The FTSE 100 rose 1.4% to hit record highs and logged its fourth straight weekly gain. The midcap index rose …
FTSE 100 touches record high as growing rate cut bets dent sterling Read More »
By Michael Erman, Ahmed Aboulenein and Bhanvi Satija (Reuters) -Novo Nordisk’s blockbuster diabetes drug Ozempic and weight-loss treatment Wegovy are among the 15 drugs targeted for Medicare price negotiations for 2027, the U.S. government said on Friday, part of a law pharmaceutical companies have pledged to revisit with the Trump administration. Other drugs on the …
Novo’s Ozempic, Wegovy picked for US Medicare price negotiations Read More »
MOSCOW (Reuters) -Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as higher funding costs and a government gasoline export ban added to pressure from Western sanctions, industry sources said. Russia, one of the world’s largest oil and fuel exporters alongside Saudi Arabia and the …
By Joanna Plucinska and Tim Hepher DUBLIN (Reuters) – A major annual air finance gathering largely skirted round the topic of sustainability this week – a rare departure from the industry’s usual tight messaging on curbing emissions that left some delegates concerned about the impact of “ESG fatigue”. In contrast with the attention devoted to …
At aviation meeting, ESG takes backseat to jet shortages Read More »
By David French and Melanie Burton (Reuters) -Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said. The talks between Rio, the world’s No. 2 miner, and Glencore, one of the world’s biggest producers of coal and …
Rio Tinto and Glencore discussed merger but talks no longer active, source says Read More »
By Clara Denina and Ernest Scheyder LONDON/HOUSTON (Reuters) – Anglo-Australian mining giant Rio Tinto plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium, according to an internal memo seen by Reuters. The plan reflects how closely tied Rio CEO Jakob Stausholm and his leadership team believe lithium …
Rio Tinto to form new lithium unit after Arcadium buy, memo says Read More »
By Iain Withers LONDON (Reuters) -The Bank of England said on Friday it would delay tougher bank capital rules by a year to January 2027 to get clarity on what the United States will do under Donald Trump as president, prompting the European Union to say it would also weigh its options. The standards written …
UK delays Basel bank rules by a year, EU says it’s weighing options Read More »
By Mathieu Rosemain and Andres Gonzalez PARIS/LONDON – The secondary market for private equity funds saw record transaction volumes last year as buyout bosses and their investors looked for ways to generate cash amid a downturn in dealmaking. Paris-based Ardian said this week it had raised $30 billion in the biggest-ever secondary fund, a signal …
Private equity ‘secondary’ sales hit record as Ardian closes $30 billion fund Read More »
By Andrius Sytas VILNIUS (Reuters) – A Ryanair plane about to land at Vilnius airport was diverted to Warsaw in Poland on Thursday because of GPS interference, Lithuania’s air navigation authority said on Friday. Estonia and Finland last year blamed Russia for jamming GPS navigation devices in the region’s airspace. Russia has denied interfering with …
Ryanair flight diverted from Vilnius due to GPS interference, Lithuania says Read More »
MILAN (Reuters) – Generali Investments, the global investment arm of Italy’s top insurer Generali, said on Friday it had signed an agreement to buy a 77% stake in the U.S. investment firm MGG Investment Group for $320 million. Founded in 2014 by Kevin Griffin and McCourt Global, a private family company, New York-based MGG has over …
Generali Investments buys majority stake in U.S. investment firm MGG Read More »
