By Howard Schneider and Ann Saphir DALLAS (Reuters) – The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary trends as well as deal a blow to economic confidence at a time when they had expressed growing hope about containing the price surge sparked by the pandemic and Russia’s …
Middle East conflict adds new risks to global economic outlook Read More »
DALLAS (Reuters) – Bank for International Settlements General Manager Agustin Carstens on Sunday said it’s “too early to say” how the newly erupted conflict in Israel will affect the global economy still struggling with post-pandemic high inflation. “Traditionally this affects the price of oil and can affect the stock market, but it’s too early to …
BIS’ Carstens: too early to say how new war will impact global outlook Read More »
By Elisa Martinuzzi, Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) -Britain’s Prudential Regulation Authority (PRA) is still working with embattled Metro Bank to present a plan by Monday morning that would see the lender bolster its balance sheet or find a buyer, according to a person with knowledge of the situation. The PRA in …
UK bank regulator still pressing for Metro plan by Monday – source Read More »
NEW YORK (Reuters) -The violence in Israel will likely prompt a move into safe-haven assets as investors closely watch events in the Middle East to gauge geopolitical risk to markets. Gunmen from the Palestinian group Hamas entered Israel in an unprecedented attack on Saturday. Western countries, led by the United States, denounced the attack and …
Attack on Israel likely to boost appeal of gold, safe-haven assets Read More »
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank, people familiar with the matter told Reuters on Sunday. Shawbrook, backed by private equity groups BC Partners and Pollen Street, tabled an indicative bid …
Shawbrook makes offer for Co-op Bank, eyes fresh Metro Bank bid –sources Read More »
By Anirban Sen NEW YORK (Reuters) -Birkenstock Holding has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter. The German premium footwear company will make a final decision on pricing its …
Birkenstock eyes pricing IPO at top of range -sources Read More »
(Reuters) -The Bank of England’s Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank, the Financial Times reported on Sunday. JPMorgan and HSBC studied bids for Metro before opting not to proceed on Saturday after being deterred by …
Bank of England approached UK lenders to gauge interest in troubled Metro Bank- FT Read More »
ROME (Reuters) – The Italian Treasury is keen to implement a plan agreed with U.S. fund KKR to bid for Telecom Italia’s (TIM) landline grid, a source with knowledge of the matter said on Sunday. Earlier, La Repubblica newspaper said the Treasury was considering an alternative proposal put forward by TIM’s main shareholder, Vivendi, that …
Italy’s Treasury keen to stick with KKR plan for TIM grid – source Read More »
PARIS (Reuters) -European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the ECB would meet its target of getting inflation back down to 2%, and relatively confident over Europe’s gas reserves situation. Last month, the ECB raised its key interest rate to a record high of 4%. …
ECB’s Lagarde: confident over 2% inflation target and Europe’s winter gas situation Read More »
(Reuters) -The chief financial officer of accounting firm EY, Jamie Miller, resigned in June, six months after her appointment in January, the Financial Times reported on Sunday. The resignation followed the collapse of a plan to spin-off EY’s consulting business and had not been previously reported, the newspaper said. “I joined EY to help the …
EY CFO Miller quit accounting firm in June after spin-off failed -FT Read More »
