(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. U.S. President Donald Trump is touring Tokyo today, and all the talk is of baseball, golf gifts and Nobel Peace Prizes, along with the odd deal on rare earths. The bonhomie is at least a relief from the usual trade …
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter. The figure represents a small percentage of Amazon’s 1.55 million total …
Exclusive-Amazon targets as many as 30,000 corporate job cuts, sources say Read More »
By Jonathan Stempel NEW YORK (Reuters) -Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for more than $400 million, saying the Swiss bank cast him as the “evil mastermind” of the scandal to shield itself. In a …
Exonerated trader Tom Hayes sues UBS for $400 million over Libor accusations Read More »
(Reuters) -Australia’s AUB Group said on Tuesday it had granted Swedish private equity EQT exclusive access to its books after receiving a takeover offer which values the insurance broking company at A$5.25 billion ($3.41 billion). Under the proposal, EQT is offering A$45 per AUB share, which reflects a 25.1% premium to the Australian company’s last close. …
Sweden’s EQT bids to buy Australia’s AUB Group at a $3.41 billion valuation Read More »
LONDON (Reuters) -British retailers cut their prices in October, led by the biggest drop for food in almost five years, industry figures showed, offering a bit of relief to households before Halloween as well as the Bank of England and the government. Overall shop prices fell by 0.3% from September, the first month-on-month drop since …
UK shop prices fall for first time since March, retailers say Read More »
MELBOURNE (Reuters) -Rio Tinto warned on Tuesday that Australia’s largest aluminium smelter, Tomago, may be forced to shut down as it struggles to source power at commercially viable rates beyond 2028 when its current power deal expires. Tomago Aluminium is the biggest power user in New South Wales state, and like a slew of Australian …
Rio Tinto flags uncertain future at Australia’s largest aluminium smelter Read More »
AMSTERDAM (Reuters) -The Netherlands’ decision to take control of chipmaker Nexperia in September was due to fears the company’s former CEO was already dismantling the company’s European operations and moving production to China, four sources in The Hague familiar with the government’s thinking said on Monday. A monthlong standoff between China and the Netherlands over Nexperia …
Dutch government took control of Nexperia over fears it was being gutted – sources Read More »
By Suzanne McGee (Reuters) -Canary Capital plans to launch the first U.S. exchange-traded products tied to the litecoin and hedera cryptocurrencies on Tuesday, the firm told Reuters, forging ahead despite a government shutdown that has hobbled the U.S. securities regulator. Separately, Bitwise Asset Management said it will launch its own new cryptocurrency ETF, tied to …
Canary Capital, Bitwise to launch first US altcoin ETFs despite shutdown Read More »
By Allison Lampert and Tim Hepher MONTREAL/PARIS (Reuters) -Airbus has pushed back the assembly of some of its small A220 jets this year and next, and may only hit its 2026 target of producing 14 A220s a month in the final weeks of that year, three industry sources said on Monday. Airbus has long said …
Exclusive-Airbus delays some A220 output, narrowing window to reach 2026 target Read More »
LONDON (Reuters) -British retailers reported another drop in sales in October and they expect a further fall in November as consumers worry about finance minister Rachel Reeves’ budget in a month’s time, a survey showed on Monday. The Confederation of British Industry said its gauge of how retail sales compared with a year earlier improved …
UK retailers struggle again as budget fears weigh on consumers, CBI says Read More »
