By Pranav Kashyap and Ankika Biswas (Reuters) -European shares climbed on Monday, led by retail and basic resources stocks, with investors bracing for a data-heavy week with a focus on U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole for clues on potential rate cuts. The pan-European STOXX 600 index closed 0.6% higher, touching …
European shares notch broad-based gains; defence stocks lag Read More »
By Max A. Cherney (Reuters) -AMD said on Monday it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia. AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. …
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock Read More »
By Joanna Plucinska and Jon Nazca LONDON/MALAGA, Spain (Reuters) – Sun seekers are turning to package holidays in Europe as soaring hotel and flight prices revive demand for the all-inclusive deals that had fallen from favour, bolstering the balance sheets of some travel companies. The combination of a cost-of-living crisis and disruption from strikes and …
Analysis-Package deals make a comeback as sun seekers count the cost Read More »
STOCKHOLM (Reuters) – Sweden’s central bank is expected to cut its policy rate by a quarter percentage point to 3.50% on Aug. 20 and then twice more before the end of the year as inflation pressures continue to ease, a poll of analysts by Reuters showed on Monday. All 16 analysts in the poll saw …
By Luana Maria Benedito SAO PAULO (Reuters) -Media platform X said on Saturday it would close its operations in Brazil “effective immediately” due to what it called “censorship orders” by Brazilian judge Alexandre de Moraes. X, owned by billionaire Elon Musk, claims Moraes secretly threatened one of the company’s legal representatives in the South American …
X says it is closing operations in Brazil due to judge’s content orders Read More »
(Reuters) – UK homebuilder Barratt said on Monday a condition by the competition regulator for its acquisition of smaller rival Redrow was waived to satisfy a legal completion this week, but the firms will remain separate until the watchdog clears the deal. The Competition and Markets Authority (CMA) earlier this month raised concerns on the …
UK’s Barratt says CMA’s condition waived for legal completion of Redrow acquisition Read More »
(Reuters) -Comcast’s theme parks business Universal is in talks with British officials about tax and other infrastructure incentives to secure a multi-billion-pound resort in Bedford, the Financial Times reported on Sunday. Comcast’s decision whether to proceed, expected by the end of the year, would in part depend on talks with government officials over incentives, the …
Universal seeks UK incentives for Bedford theme park, FT reports Read More »
By Alexander Hübner and Emma-Victoria Farr FRANKFURT (Reuters) -German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business. The agreement, struck after days of intense negotiations, will reduce Varta’s debt from 485 million euros ($534.86 million) to 200 …
Porsche agrees to provide capital in Varta restructuring deal Read More »
LONDON (Reuters) -Alan Taylor, an economics professor with a focus on international economics and financial crises, has been appointed to the Bank of England’s Monetary Policy Committee, Britain’s finance ministry said on Friday. British-born Taylor is currently a professor at Columbia University in New York and alongside his academic career has worked as a senior …
UK government names economist Alan Taylor to join BoE rate committee Read More »
LONDON (Reuters) -Hundreds of border force staff at Britain’s biggest airport, Heathrow, will strike from Aug. 31 to Sep.3 – a peak travel period for hundreds of thousands of holidaymakers. The four-day strike by 650 members of the PCS union will be followed by more than two weeks of industrial action, border force staff union …
UK’s Heathrow border officers plan four-day strike at end of August Read More »
