By Nell Mackenzie LONDON (Reuters) – David Tovey, who was a BlackRock fund manager until 2021, is part of a team that plans to launch a hedge fund based in London and Zurich in the first quarter of 2024, a source familiar with the matter said on Friday. The new fund, which will be called …
Ex-BlackRock manager Tovey to be investment head of new hedge fund -source Read More »
By Khushi Singh, Ankika Biswas and Sruthi Shankar (Reuters) -European stocks closed with a whimper on Friday, as softer-than-expected U.S. inflation data offset losses in sportwear makers and China-exposed stocks ahead of the Christmas holiday weekend. The pan-European STOXX 600 index edged up 0.1% and notched its sixth week of gains in a row – …
European shares end slightly higher ahead of Christmas holiday Read More »
By Marie Mannes OSLO (Reuters) -Sweden’s Transport Agency said on Friday it is investigating suspension failures in Tesla cars in a probe similar to that carried out by neighbouring Norway’s traffic safety regulator. “We can … confirm that investigative work is also underway with us,” the Swedish agency said in an emailed statement to Reuters. …
Swedish regulator investigates Tesla suspension failures Read More »
By Nivedita Balu (Reuters) – Canada on Thursday approved Royal Bank of Canada’s C$13.5 billion dollars ($10.2 billion) acquisition of HSBC’s domestic unit, in a deal that would further tighten the country’s top lenders’ grip on the market. The deal is conditional on RBC establishing a global banking hub in Vancouver, waiving fees associated with …
Royal Bank of Canada gets nod for $10 billion purchase of HSBC unit Read More »
By William Schomberg and Sarah Young LONDON (Reuters) -Britain’s economy might be in a recession, according to data that showed it shrank between July and September, shortly after finance minister Jeremy Hunt took the rare step of suggesting the Bank of England might cut interest rates to boost growth. Gross domestic product (GDP) contracted by …
UK recession might be under way after economy shrinks in Q3 Read More »
By Shashwat Chauhan and Shubham Batra (Reuters) -British equities logged solid weekly gains heading into the Christmas holidays on Friday amid rising hopes that major central banks, including the Bank of England, could consider interest rate cuts next year. The blue-chip FTSE 100 edged 0.04% higher, extending gains to a fourth week, while FTSE 250 …
London stocks finish higher ahead of Christmas break Read More »
(Reuters) – Spain’s gross domestic product growth slowed down slightly in the third quarter, though it showed more resilience than in neighboring countries, final data showed on Friday. The economy expanded 0.3% from the previous quarter, down from a 0.4% growth in the second quarter, the National Statistics Institute (INE) said confirming a preliminary report …
Spain’s Q3 GDP expanded 0.3% from previous quarter – final data Read More »
ROME, Dec 22 (Reuters) – Morale amongst Italian businesses and consumers increased in December, data showed on Friday, offering hope of an pick-up in economic activity for the euro zone’s third largest economy at the start of next year. Statistics bureau ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services …
Italy business and consumer morale pick up in December Read More »
By Tom Sims and Rene Wagner FRANKFURT (Reuters) -Residential property prices in Germany continued their fall, dropping 10.2% in the third quarter from a year earlier in a further grim sign for the real-estate sector in Europe’s largest economy, data on Friday showed. It was the fourth consecutive quarter of declines and the biggest since …
(Reuters) -Sberbank could be an attractive candidate for privatisation, German Gref, CEO of Russia’s biggest bank, said on Friday, as the government looks to stimulate profitability and cut costs at state-owned companies. The Russian government owns controlling stakes in many large companies, including a 50% plus one share stake in Sberbank. Russian Finance Minister Anton …
Sberbank could be attractive candidate for privatisation, CEO says Read More »
