By Marc Jones LONDON (Reuters) – Investment bank JPMorgan slashed its forecast for developing world corporate debt issuance by a third on Monday, the latest sign of the economic pressures poorer countries are now facing. The amount of bonds emerging market companies and governments have been able to sell this year has plunged as surging …
JPMorgan slashes EM corporate debt issuance forecast by a third Read More »
By Miranda Murray and Carolyn Cohn BERLIN/LONDON (Reuters) -Global geopolitical tensions, high inflation and climate change have heightened demand for risk protection and will lead to increased premiums, top reinsurers said at the industry’s annual gathering in Monte Carlo. Reinsurers insure the insurers and have been pushing up premiums in recent years as they have …
Global reinsurers see inflation, war driving higher rates Read More »
BERLIN (Reuters) – SAP will increase its prices from the turn of the year due to high inflation, the Handelsblatt business daily reported on Monday, citing a letter from the company to customers. SAP will charge up to 3.3% more for maintenance of software installations, according to the report. (Writing by Rachel More, Editing by …
SAP plans 3.3% price increase as inflation takes toll – Handelsblatt Read More »
BERLIN (Reuters) – Germany’s economy will contract next year as a dramatic rise in energy costs due to the war in Ukraine extinguishes the chances of recovery after pandemic-related lockdowns, the Ifo institute said on Monday in a U-turn from its forecast three months prior. The institute reversed its June forecast of 3.7% growth for …
Inflation, contraction to plague German economy in 2023 -Ifo Read More »
LONDON (Reuters) – The Bank of England said on Monday that it would suspend its CHAPS interbank payment services and sterling money market operations on Sept. 19, the day of Queen Elizabeth’s funeral, in line with its normal practice for public holidays. The BoE also said that the period over which interest is calculated for …
Bank of England to suspend market operations on Sept. 19 Read More »
LONDON (Reuters) – Sterling fell to its lowest level since early 2021 against a robust euro on Monday, while news that Britain’s economy grew less than expected in July highlighted a weak growth outlook. A broad pullback in the dollar meant there was some respite for a battered pound, which rallied 1% to $1.17 — …
Sterling falls to weakest since early 2021 against euro Read More »
By Johann M Cherian and Bansari Mayur Kamdar (Reuters) -UK’s blue-chip FTSE 100 rose on Monday, lifted by commodities-linked stocks and banking shares, even as data showed the economy expanded less than expected in July. The benchmark FTSE 100 index advanced 1.1% at 0808 GMT. Mining stocks gained 2.6%, tracking firm metal prices on supply …
Commodities, banks prop up FTSE 100; GDP data fans recession fears Read More »
By Shreyashi Sanyal (Reuters) -European shares rose on Monday after Ukrainian forces made rapid gains in recapturing some seized territories, while banks advanced for a third straight session on bets of more jumbo-sized interest rate hikes by the European Central Bank (ECB). The pan-European STOXX 600 index rose 0.6%, following its first weekly gain in …
European shares rise on gains in bank, Ukrainian advances Read More »
By Nick Carey and Paul Lienert MILTON KEYNES, England (Reuters) -Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble. The central premise of autonomous vehicles – …
Truly autonomous cars may be impossible without helpful human touch Read More »
PARIS (Reuters) -French care home company Orpea warned on Monday that its financial performance is expected to worsen in the second half of the year owing to higher costs and a scandal over how it runs its homes, sending its shares down 19%. Orpea said that its operating profit margin on first-half earnings dropped to …
French care home company Orpea’s shares tumble on profit warning Read More »
