By Maria Martinez BERLIN (Reuters) – Growth in Germany’s services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe’s biggest economy is losing steam. The HCOB final services Purchasing Managers’ Index eased to 52.5 in July from 53.1 in June, although it was slightly …
Upturn in German services activity loses momentum in July, PMI shows Read More »
(Reuters) -Bitcoin and ether plunged on Monday to multi-month lows as worries over a possible U.S. recession in the wake of soft data gripped financial markets and triggered a rush to safe-haven assets. Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the …
Bitcoin, ether hit multi-month lows as recession worries take hold Read More »
By Anirban Sen (Reuters) -Family-owned packaged food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with the matter. A deal would be one of the biggest ever in the packaged food sector, given Kellanova’s market …
Exclusive-Snickers maker Mars explores acquisition of Kellanova, sources say Read More »
(Reuters) – Britain’s new government said on Saturday it will hold an international investment summit on October 14. Prime Minister Keir Starmer will bring together up to 300 industry leaders to catalyse investment in the UK, the British government said in a statement. Business minister Jonathan Reynolds is expected to argue to investors that the …
Britain to hold international investment summit on Oct. 14 Read More »
By Jonathan Stempel (Reuters) – Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results released on Saturday suggest the 93-year-old Buffett, one of the world’s most …
Berkshire halves Apple stake, boosts cash to $277 billion as it gets ‘defensive’ Read More »
(Reuters) -Abrdn finance chief Jason Windsor is the front-runner to become the next chief executive of the British fund manager following the departure of Stephen Bird, the Financial Times reported on Saturday. Windsor could be formally elevated to the top job as soon as Tuesday when the company reports half-year results, the newspaper reported, citing …
By Nell Mackenzie LONDON (Reuters) – (This Aug. 2 story has been corrected to read ‘wanes for,’ not ‘hit by,’ in the headline and to clarify that the 15% refers to those willing to increase their exposure to multi-manager strategies in paragraph 2) Global investor appetite for the most expensive multi-strategy hedge funds has fallen, …
Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs Read More »
BUDAPEST (Reuters) – Hungary’s competition watchdog has imposed a fine of 770,000 euros ($839,916) on Wizz Air for misleading communication, the authority said on its website on Saturday. Hungary’s competition authority said Wizz Air breached professional due diligence and was misleading in how it described its automatic check-in service and pushed consumers towards more expensive …
Hungary’s competition watchdog fines Wizz Air for misleading communication Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Friday it has widened the range of “dormant” assets, or money in financial firms’ accounts to tap a potentially extra 880 million pounds ($1.12 billion) to fund social and environmental projects in a cash-strapped economy. The dormant cash refers to money in bank and …
Britain to tap $1 billion of ‘dormant’ cash for social and green projects Read More »
By William Schomberg LONDON (Reuters) – The Bank of England’s first interest rate cut in more than four years will help to foster a cautious sense of optimism about Britain’s long-struggling economy, but the scale of the growth challenge facing the new government remains huge. The BoE lowered its benchmark rate to 5.0% on Thursday, …
BoE rate cut adds to sense of turnaround in sluggish UK economy Read More »
