A look at the day ahead in European and global markets from Stella Qiu It was Oracle mania that lighted a fire under Asian tech stocks on Thursday, as Japan, Taiwan and South Korea set records in what was otherwise set to be a subdued session before high-stakes U.S. inflation data. Tech investor SoftBank surged …
Morning Bid: Asia gets AI fever as Oracle surges Read More »
(Reuters) – Private equity firm GTCR has struck a 4.1 billion euro ($4.8 billion) deal to buy Czech generic drugmaker Zentiva from Advent International, the Financial Times reported on Wednesday, citing unidentified sources. Reuters could not immediately confirm the report. GTCR, Advent and Zentiva did not immediately respond to a Reuters request for comment. The …
Private equity GTCR strikes $4.8 billion deal to buy Zentiva, FT reports Read More »
By Joice Alves and Sara Rossi LONDON (Reuters) -Some of the world’s biggest economies are at the centre of a bond market storm as investor concern grows that governments are not doing enough to get uncomfortably high levels of debt down. “Government debt levels are simply too high and not enough has been done to …
Rising G7 debt back at centre of bond market storm Read More »
SHANGHAI/MILAN (Reuters) -When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German auto brand – if it wanted to compete with the Chinese, it needed their technology. “The Zeekr 001 back then shocked quite everyone,” said Stefan Poetzl, president …
‘China Inside’: How Chinese EV tech is reshaping global auto design Read More »
By Suban Abdulla LONDON (Reuters) -British house prices showed the most widespread falls in more than a year-and-a-half in August as new buyer demand weakened against a backdrop of a weak economy, high inflation and uncertain interest rate outlook, a survey showed on Thursday. The Royal Institution of Chartered Surveyors’ house price balance, which measures …
UK housing market slows as buyers retreat, uncertainty swirls, RICS survey shows Read More »
(Reuters) -Goldman Sachs is set to see its busiest week for initial public offerings since July 2021, its CEO David Solomon said in a CNBC interview on Wednesday. His comments come after the Swedish buy-now, pay-later lender Klarna made its long-awaited New York debut earlier in the day, setting the stage for more IPOs from …
Goldman set to see busiest IPO week in over four years, CEO Solomon tells CNBC Read More »
LONDON (Reuters) -Britain’s main pharmaceutical lobby group said on Wednesday foreign investment in the sector has fallen due to its approach to drug pricing, as the industry remains locked in dispute over the issue with the UK government. Drug companies have been in long-running negotiations with British ministers over how much revenue from UK sales …
British pharma industry says drug pricing stance hurts foreign investment Read More »
By Roberto Samora SAO PAULO (Reuters) -The Brazilian animal feed industry will produce slightly less than expected in 2025 after a case of bird flu in the country affected chicken exports and curtailed demand, industry group Sindiracoes said on Wednesday. The group representing feed companies now estimates that animal feed and supplement production in Brazil …
Brazil animal feed output to drop after bird flu outbreak Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Surprisingly soft U.S. producer price inflation figures on Wednesday spurred outside bets on a half a percentage point cut in U.S. interest rates next week, pushing Wall Street to new highs, lifting gold, and …
LOS ANGELES (Reuters) -Prudence MacLeod, Elisabeth Murdoch and James Murdoch issued a statement on Wednesday saying they are happy to have reached an agreement to settle litigation over the Murdoch family trust. “Prudence, Elisabeth and James are pleased that the matter is now behind them,” said a spokesperson for James Murdoch in an emailed statement. The …
Murdoch children hail settlement that ended dispute over family trust Read More »
