Reuters UK Business

By Pablo Mayo Cerqueiro LONDON (Reuters) – Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset class. The company established the Allianz Global Diversified …

Allianz bolsters private credit bet with new $1.6 billion fund Read More »

By Richa Naidu and Martin Coulter LONDON (Reuters) – Some of the world’s biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well …

From Mad Men to machines? Big advertisers shift to AI Read More »

(Reuters) – Economists at UBS have upgraded their rating for global equities, citing recent economic and inflation data coming in ahead of estimates and stronger-than-expected growth in the U.S. economy, with less likelihood of a recession. The brokerage, which raised its rating on global equities to “neutral” from “least preferred” and gave preference to emerging …

UBS upgrades global equities’ rating to ‘neutral’ Read More »

FRANKFURT (Reuters) – Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed on Friday, easing pressure on the European Central Bank to keep raising rates after its fastest rate-hike cycle on record. The ECB has lifted rates from deep in negative territory to two-decade-highs in just a …

Euro zone inflation fall confirmed, easing pressure on ECB to hike Read More »

By Tom Sims FRANKFURT (Reuters) -Building permits for apartments in Germany fell 27% during the first half of the year, the statistics office disclosed on Friday, underscoring a downturn in demand plaguing the construction and real estate industry. The nosedive in permits comes amid calls from firms and some politicians for stimulus from Berlin to …

German home building permits tumble amid calls for stimulus Read More »