By Aby Jose Koilparambil (Reuters) – Berkeley lifted its earnings outlook for 2025 on Wednesday, the first FTSE 100 homebuilder to do so in more than two years, and said it would start a build-to-rent platform, amid robust demand for rental homes in London and South East England. Shares in Berkeley, however, fell more than …
UK homebuilder Berkeley targets rental market, raises 2025 outlook Read More »
By Stefano Rebaudo (Reuters) – Sterling rose after UK data showed that underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates. British inflation returned to its 2% target in May for the first time in nearly three years, while the closely-watched services prices rose by …
Sterling firms versus euro and dollar after UK inflation data Read More »
By Oliver Hirt ZURICH (Reuters) -Switzerland’s financial regulator ruled on Wednesday that the UBS takeover of Credit Suisse did not create any competition concerns, despite recommendations from the country’s antitrust watchdog that it merited further scrutiny. There has been vigorous debate in Switzerland about the size and power of UBS, which analysts say has a …
Swiss regulator rules out UBS antitrust action over Credit Suisse deal Read More »
By Noel Randewich and Ankika Biswas (Reuters) – Nvidia became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology. Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335 trillion, just days after …
Nvidia eclipses Microsoft as world’s most valuable company Read More »
(Reuters) -Italian luxury sneaker maker Golden Goose has postponed its initial public offering as a result of volatility in the European markets due to political upheavals, the company said on Tuesday. A significant deterioration in market conditions following European parliamentary elections this month and the calling of a surprise general election in France have impacted …
Italy’s Golden Goose postpones IPO amid European political turmoil Read More »
By Jonathan Stempel (Reuters) – A U.S. judge rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge Casey Pitts in San Jose, California said Australia’s second-richest person …
Meta must face Australian billionaire Forrest’s US lawsuit over scam Facebook crypto ads Read More »
By Jesús Aguado SANTANDER, Spain (Reuters) -The Spanish government could set additional conditions on BBVA’s 12-billion-euro ($12.85 billion) takeover bid for smaller rival Sabadell, the head of the country’s antitrust watchdog said on Tuesday. Cani Fernandez, head of the regulator, CNMC, also said that the watchdog could force the combined entity to divest in areas …
Spain could set more conditions in BBVA bid for Sabadell, CNMC head says Read More »
By Giuseppe Fonte ROME (Reuters) – Italy is set to adopt a package of measures aimed at boosting procurement and reuse of critical raw materials, a draft decree seen by Reuters shows, including simpler permitting procedures for the release of mining concessions. Prime Minister Giorgia Meloni’s government has made it a priority to extract more …
Italy moves to boost procurement, reuse of critical raw materials Read More »
By Mehnaz Yasmin (Reuters) – A spate of political reforms and economic cycles has elevated Argentinian dollar-denominated sovereign bonds and Latin American corporate bonds to rank among key “areas of interest,” the chief investment officer of emerging markets Americas at UBS Global Wealth Management said. “It is a mistake to overlook LatAm,” Alejo Czerwonko told …
LatAm allocation a ‘must’ for portfolios, UBS EM Americas CIO says Read More »
SANTIAGO (Reuters) – The world’s top copper producer, Chile-based Codelco, met with German carmaker BMW and Swiss engineering group ABB during a visit with Chilean officials to Europe, Codelco Chairman Maximo Pacheco said on Tuesday. State-run Codelco is seeking a partner for a major new lithium project in the Maricunga salt flat, part of the …
Chile’s Codelco meets with BMW and ABB in Europe visit Read More »
