LONDON (Reuters) – The pound neared its lowest in almost two months against a robust dollar on Tuesday, as the U.S. currency got a lift from a pop higher in Treasury yields, while the euro extended its modest rally over the last week. Investors in U.S. assets are contemplating the prospects of a second Donald …
Sterling dented by one-two punch from dollar and euro Read More »
By John Revill ZURICH (Reuters) -Richemont has appointed a new boss at its jewellery business Cartier, worn by Hollywood stars and royalty, the luxury group said on Tuesday. Louis Ferla, who is CEO of Swiss watchmaker Vacheron Constantin, will replace Cyrille Vigneron as chief executive officer from Sept. 1. Vigneron, 63, is retiring after eight …
DUBAI (Reuters) – Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday. Revenue grew by 6% to 81 billion riyals in the year ended March 31, the government-owned airline said. It carried more than 40 million passengers and recorded a load factor of …
Qatar Airways posts 39% jump in annual profit to record $1.67 billion Read More »
By Ron Bousso LONDON (Reuters) -Shell will pause construction work at one of Europe’s largest biofuel plants due to weak market conditions, the latest low-carbon project to suffer a setback as CEO Wael Sawan is striving to boost returns. It is rare for companies to suspend development of projects underway. Rival BP last week said …
Shell to pause Dutch biofuels project as market sags Read More »
LONDON (Reuters) -Tata Steel workers in Britain suspended a planned all-out strike and overtime ban on Monday, following a warning from the company that it would bring forward the planned closure of its two blast furnaces in the country if the walkouts went ahead. Workers at the Port Talbot and Llanwern sites in Wales, represented …
Tata Steel workers in UK suspend strike action in favour of talks Read More »
STOCKHOLM (Reuters) -Swedish debt collector Intrum said on Monday it had completed the sale of a large portion of its investment portfolio and would use the net proceeds of 7.2 billion crowns ($682 million) to reduce its own debt. Intrum, Europe’s biggest manager of bad loans, announced the sale to Cerberus Capital Management in January …
Intrum closes Cerberus asset sale, $682 million net proceeds to cut debt Read More »
(Reuters) – BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in a further expansion by the world’s biggest asset management company into alternative investments. BlackRock, which manages more than $10 trillion, is seeking to capitalise on a boom in demand from investors for alternative assets, which …
BlackRock to buy UK data group Preqin for $3.2 billion Read More »
By Chris Prentice and Mike Spector (Reuters) – The U.S. Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial, people familiar with the matter said on Sunday. Boeing will have until the end of the week to respond to an offer …
Explainer-How a Boeing plea deal could affect the planemaker Read More »
By Libby George and Karin Strohecker LONDON (Reuters) -Ukraine told investors it still expects to succeed in its unprecedented aim of restructuring debt in the middle of a war before payment moratoriums expire by Aug. 1, according to two sources who joined a call with the Finance Ministry on Monday. The war-torn country also intends …
Ukraine eyes debt deal before deadline, seeks to add GDP warrants, sources say Read More »
By Niket Nishant and Davide Barbuscia (Reuters) -BlackRock could start offering indexes and exchange-traded funds (ETFs) for private markets, the asset manager said on Monday, after it announced a deal to buy data provider Preqin for nearly $3.2 billion. The move underscores BlackRock’s push to become a major player in alternative assets, which are fast …
BlackRock teases indexes for private markets after Preqin deal Read More »
