OSLO (Reuters) – Norway’s $1.5 trillion sovereign wealth fund, the world’s largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). SVB’s collapse in March was the trigger for the worst banking shock since the 2008 global …
Norway sovereign wealth fund to co-lead class action in SVB bankruptcy Read More »
By Amy-Jo Crowley, Mathieu Rosemain and Pablo Mayo Cerqueiro LONDON/PARIS (Reuters) – French digital payments company Worldline is considering options including asset sales as part of efforts to reassure shareholders after a sharp drop in its share price, three people familiar with the matter said. The company lost more than half its market capitalisation in …
Worldline weighs asset sales to shore up investor confidence -sources Read More »
(Reuters) -Commerzbank’s chief executive officer Manfred Knof has approached state-backed funds from Asia and the Middle East in recent weeks to gauge their interest in buying a stake of up to 9.9%, Bloomberg News reported on Friday. The German bank is talking to sovereign wealth funds about becoming an anchor investor to shore up its …
Commerzbank seeks wealth fund investor in Asia, Mideast- Bloomberg News Read More »
LONDON (Reuters) – Britain’s manufacturing sector showed further signs that it might be turning a corner in its long-running downturn but companies remained cautious and pushed up their prices, according to a survey published on Friday. The final reading of the S&P Global/CIPS manufacturing Purchasing Managers’ Index (PMI) improved for a third month in a …
UK factory downturn shows more signs of easing- PMI Read More »
LONDON (Reuters) – Britain’s statistics agency said on Friday that a new way of measuring private rental prices would have raised the rate of inflation if it had been applied in past years. The Office for National Statistics said its new method, due to be introduced to the official inflation data in March, would have …
New way of measuring UK rents would have raised inflation in past: ONS Read More »
By Shashwat Chauhan and Shubham Batra (Reuters) -Britain’s FTSE 100 hit a six-week high on Friday boosted by solid gains in metals miners, while markets cheered after Federal Reserve Chair Jerome Powell acknowledged progress in lowering inflation, keeping alive hopes that interest rates have peaked. The benchmark FTSE 100 share index rose 1.0%, hitting its …
UK’s FTSE 100 hits 6-week high as metal miners shine Read More »
By Hatem Maher and Hadeel Al Sayegh (Reuters) – Abu Dhabi’s Aldar Properties has bought London-based developer London Square for an enterprise value of 1.07 billion dirhams ($291 million) in its first acquisition outside the Middle East. “Aldar intends to leverage its expertise and balance sheet to support London Square’s land acquisition strategy to enable …
Top Abu Dhabi developer buys London Square for $291 million Read More »
ATHENS (Reuters) – Greek factory activity picked up slightly in November for the tenth month in a row amid rising production volumes but subdued export sales held back order books, a survey showed. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of Greece’s economy, rose marginally to 50.9 in November …
Greek factory activity picks up slightly in November-PMI Read More »
LONDON (Reuters) – The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting factories to trim staffing levels for a sixth straight month. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 44.2 in November from October’s …
Euro zone factory downturn eased a touch in November -PMI Read More »
MOSCOW (Reuters) – Russian lender Sovcombank said on Friday it expects a market capitalisation of 200-219 billion roubles ($2.24-$2.46 billion)after its initial public offering (IPO) on Moscow Exchange later this month, the latest in a small flurry of Russian market debuts. Sovcombank, one of Russia’s 13 official “systemically important” credit institutions and under U.S., EU …
Russian lender Sovcombank eyes valuation of up to $2.5 billion post-IPO Read More »
