A look at the day ahead in European and global markets from Ankur Banerjee You know markets are fully risk-on when cryptocurrencies are on a tear, with bitcoin joining global stocks to scale a record peak as the near certainty of U.S. interest rate cuts bolsters risk sentiment and weighs on the dollar. The world’s …
LONDON (Reuters) -A recovery in Britain’s housing market lost steam at the fastest pace in a year last month as some buyers worried about possible tax increases in finance minister Rachel Reeves’ next budget, the Royal Institution of Chartered Surveyors said on Thursday. Measures of buyer demand and agreed sales turned negative, the near-term sales …
UK housing market loses momentum as tax worries surface, RICS says Read More »
MOSCOW (Reuters) -Russia has started restricting some Telegram and WhatsApp calls, accusing the foreign-owned platforms of failing to share information with law enforcement in fraud and terrorism cases, the digital development ministry said on Wednesday. Russia has clashed with foreign tech platforms for several years over content and data storage in a simmering dispute that …
Russia restricts Telegram, WhatsApp calls, citing law breaches Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup hired two senior investment bankers this week, extending a recruitment drive by its head of banking, Viswas Raghavan. Aashish Dhakad will start in October in New York as head of private credit origination for North America as part of Citi’s $25 billion push into private credit with Apollo …
Citi hires bankers for private credit in North America, tech in Europe Read More »
(Reuters) -British Gas owner Centrica and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported on Wednesday. Centrica declined to comment on the FT report, while National Grid and Energy Capital did …
Centrica frontrunner to buy National Grid’s LNG terminal in $2 billion deal, FT reports Read More »
By Saqib Iqbal Ahmed and Joice Alves NEW YORK (Reuters) -The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month and renewed pressure from President Donald Trump for lower rates added to the sell-off. The dollar index, measuring …
Dollar slips further as anticipation mounts of Fed interest rate cut Read More »
By Samantha Marshak -Tapestry kept up a brisk pace of sales in the April-June quarter, with revenue likely growing 5.5%, thanks to growing demand for its stylish handbags that are more affordable than traditional luxury labels. Accessible luxury companies, including Tapestry and Ralph Lauren, are gaining momentum in an economy hit by tariffs and inflation, …
Tapestry quarterly revenue likely rose 5.5% as Coach bags drew young shoppers Read More »
By Helen Reid LONDON (Reuters) -The world’s biggest retailer of IKEA furniture said on Wednesday CEO Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group. Maeztu takes the top job at Ingka Group as the Swedish retailer grapples with U.S. tariffs, wars …
Biggest IKEA retailer names veteran Juvencio Maeztu CEO as Brodin steps down Read More »
LONDON (Reuters) -More than 2,150 jobs are at risk after the UK business of struggling jewellery chain Claire’s called in administrators. Insolvency practitioners Interpath said on Wednesday they had been appointed joint administrators to Claire’s Accessories UK Ltd, the operator of Claire’s 306 stores across the UK and Ireland. The move comes a week after …
Jewellery chain Claire’s UK business falls into administration with 2,150 jobs at risk Read More »
By Twesha Dikshit, Sukriti Gupta and Purvi Agarwal (Reuters) -European shares hit a near two-week high on Wednesday, underpinned by gains in heavyweight healthcare and technology stocks, as near-certain expectations that the U.S. Federal Reserve will cut interest rates next month buoyed sentiment. The pan-European STOXX 600 index closed 0.5% higher. European healthcare stocks were …
European shares near two-week highs on Fed rate cut expectations Read More »
