By Jonathan Stempel NEW YORK (Reuters) – A former Deutsche Bank trader whose conviction in New York for rigging the Libor interest rate benchmark was overturned has settled his $150 million lawsuit accusing the German lender of making him a scapegoat by lying to prosecutors. Matthew Connolly, who once led Deutsche Bank’s pool trading desk, …
Exonerated trader settles $150 million lawsuit against Deutsche Bank Read More »
By Sudip Kar-Gupta PARIS (Reuters) – France’s economy should grow by 0.1 percent in the second quarter, the Bank of France said in its monthly business survey on Wednesday, at the top end of its previously estimated range. The French central bank had previously forecast second quarter growth of 0.0%-0.1%, a slowdown from growth of …
Bank of France sees 0.1% growth for French economy in Q2 Read More »
By Akash Sriram (Reuters) -Space startups attracted $2.41 billion in global investments from April to June, marking a third consecutive quarter of growth in funding, according to British investment firm Seraphim Space. WHY IT’S IMPORTANT This positive trend follows a period of high interest rates that had deterred investors from funding companies involved in rockets, …
Space startups funding continues to recover as investors bet on government spending Read More »
MANCHESTER, England (Reuters) – Bank of England interest rate-setter Catherine Mann on Wednesday emphasised the strength of price pressures in Britain’s economy, giving a clear signal she is unlikely to vote for an interest rate cut in August. Asked how inflation falling to the BoE’s 2% target affected her thinking on policy, Mann said the …
BoE’s Mann warns price pressures still strong, sees inflation rising again Read More »
By Shubham Batra and Shristi Achar A (Reuters) – European shares advanced on Wednesday amid broad-based gains and upbeat corporate updates while investors digested more comments from U.S. Federal Reserve Chair Jerome Powell’s second day of testimony. The pan-European STOXX 600 gained 0.9%, buoyed by a 2.1% rise in real estate shares. French stocks were …
European shares rise on real estate boost, Kongsberg shines Read More »
By Sarah Young and Marc Jones LONDON (Reuters) – Britain’s under-fire water companies are braced for a reckoning when the industry’s regulator on Thursday sets out the level of bill increases they will be permitted, amid public outrage over rising costs and worsening pollution. The trade-off between price hikes, investment and the environment will test …
UK’s under-fire water industry braced for regulatory showdown Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London stocks closed higher on Wednesday thanks to a boost from precious metal miners, while hawkish comments by Bank of England Chief Economist Huw Pill eased bets on an interest rate cut in August. The blue-chip FTSE 100 index closed 0.7% higher, after logging its worst day in …
British stocks finish higher on precious miners boost Read More »
(Reuters) – British homebuilder Crest Nicholson said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway if the latter comes up with a firm offer. If the deal goes through, the combined group will be worth around 4 billion pounds, joining the …
Crest Nicholson likely to agree merger with Bellway to create $5 billion UK homebuilder Read More »
(Reuters) – Alstom has signed a framework agreement worth up to 2.8 billion euros ($3.0 billion) to deliver 374 new metro trains and rail technology for Hamburger Hochbahn in Germany, the French train manufacturer said on Wednesday. Production is scheduled to start in 2026 in Salzgitter, with the first delivery expected in early 2028, Alstom …
Alstom wins $3 billion order to deliver metro trains in Hamburg Read More »
BUDAPEST (Reuters) – Hungary’s government will phase out windfall taxes on telecommunication and pharmaceutical companies from 2025, its, economy minister Marton Nagy was quoted as saying by local broadcaster ATV on Wednesday. Earlier this week the government announced tax hikes on banks, and said that a windfall tax on banks and retailers will be extended …
Hungary to end windfall taxes on some companies from 2025, ATV reports Read More »
