By Marc Jones LONDON (Reuters) – Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever – and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on …
Market misery deals sovereign wealth funds historic setback in 2022 -study Read More »
BERLIN (Reuters) – Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy prices will become the new normal. “The target remains 2%. This must be a top priority for the European Central Bank and the German government,” …
Germany’s finance minister sees 2023 inflation at 7% Read More »
PARIS (Reuters) – Sales of new cars in France dropped by 7.8% in 2022, data from industry body Plateforme de la filière automobile (PFA) showed on Sunday, even as a pick-up in the car market towards the end of the year helped soften the blow. New car sales have bounced back since August following months …
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co and Deutsche Bank AG asked a U.S. judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse, and said the banks enabled and ignored red flags about the late financier’s sex trafficking. The banks in papers filed on Friday night in Manhattan …
JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein accusers Read More »
(Reuters) -Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zenseact from ECARX, which made the AD software company a fully owned subsidiary of the Swedish automaker. Zenseact will continue to remain and operate as a …
Zenseact becomes fully owned subsidiary of Volvo Cars Read More »
(Reuters) -Shareholders in Russian metal company NLMK voted on Saturday against paying dividends for the first nine months of 2022, rejecting the company’s attempts to reinstate its dividend policy. Earlier this month, NLMK’s board had recommended a 2.6-rouble ($0.035) dividend payout for the period, but the company said “high macroeconomic and geopolitical uncertainty” was likely …
Shareholders at Russia’s NLMK vote against nine-month dividend payout Read More »
FRANKFURT (Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian newspaper. The ECB has raised interest rates by a total of 2.5 percentage points since July in a bid to arrest a …
ECB must stop quick wage growth from fuelling inflation, Lagarde says Read More »
SOFIA (Reuters) – Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of economic output, outperforming a revised target of 3.4%, the finance ministry said. Better than expected tax collection, increased payments by state energy producers and weaker capital spending have helped the Balkan country to …
Bulgaria expects fiscal deficit of 1% of GDP for 2022 Read More »
By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the United States on more than 350 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The increases are …
Exclusive-Drugmakers to raise prices on at least 350 drugs in U.S. in January Read More »
ROME (Reuters) -Italy’s antitrust authority on Friday said it had dropped its investigation into energy companies A2A and Hera over suspected improper price-setting for gas and electricity. The agency also said its investigation into other utilities including Eni and Enel would no longer cover price changes for contracts which had already expired or were due …
Italy antitrust drops pricing probe into A2A and Hera, partially confirms for others Read More »
