By Iain Withers LONDON (Reuters) -British insurer Legal & General has entered a private credit partnership with Blackstone, the companies said in a statement on Thursday, becoming the latest finance firm to bulk up in the booming market of investors lending to companies. L&G, which is also Britain’s largest investment firm with 1.1 trillion pounds …
Blackstone and Legal & General agree private credit tie-up Read More »
By Johan Ahlander KIRUNA, Sweden (Reuters) -Two small spaceports in the far north of Sweden and Norway are racing to launch the first satellites from mainland Europe into space as the region looks to reduce its reliance on U.S. players. U.S. President Donald Trump’s “America First” policies and the war in Ukraine have …
Europe looks to Nordic space race to scale back US dependence Read More »
By Robert Harvey LONDON (Reuters) -Global commodity trader Trafigura’s UK-based biofuel producer and fuel distributor Greenergy will begin a consultation with employees to close its biodiesel plant in Immingham, northeastern England, it said on Thursday. Around 60 jobs will be subject to the consultation process, a spokesperson told Reuters. It would mark the latest blow …
Greenergy proposes to close Immingham biodiesel plant, 60 jobs at risk Read More »
By Jesus Calero and Agnieszka Gosciak (Reuters) -Norway’s DNB faces rising competition on its home turf as a wave of consolidation among savings banks begins to reshape the country’s banking landscape, analysts say, at a time when falling interest rates add fresh pressure on margins. Mergers forming Sparebanken Norge and SpareBank 1 Sør-Norge have created …
Norway’s savings banks grow bolder, turning up the heat on DNB Read More »
BRUSSELS (Reuters) -The Belgian government may decide to sell part of state-owned bank-insurer Belfius before the summer recess begins on July 21, Belgian newspaper De Tijd reported Thursday, citing sources. The government is considering selling a 20% to 30% minority stake in Belfius as part of efforts to raise billions of euros for defense spending. …
A look at the day ahead in European and global markets from Rae Wee There have been growing signs that investors are becoming more indifferent to Donald Trump’s tariff salvos, and nowhere has this been more evident than in the price action across stocks over the past few days. Asia shares on Thursday rode the …
Morning Bid: Markets shaken, not stirred by Trump’s tariffs Read More »
By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) -Japan is unlikely to face pressure from the United States to intentionally strengthen the yen despite President Donald Trump’s criticism of its large trade surplus with the U.S., former top currency diplomat Masatsugu Asakawa told Reuters. Trump’s focus on addressing the U.S. trade deficit and his remarks …
Japan unlikely to face US pressure to strengthen yen, ex-top FX diplomat says Read More »
MANCHESTER, England (Reuters) -A downturn in Britain’s housing market that followed a tax hike on property transactions in April eased off in June, according to chartered surveyors who expect a broadly flat picture in the months ahead. The Royal Institution of Chartered Surveyors said on Thursday its measure of new buyer enquiries turned positive for …
UK housing market steadies after tax hike downturn, RICS says Read More »
By Sachin Ravikumar LONDON (Reuters) -A multi-million-pound British government scheme to help exploited migrant care workers find new work has largely failed due to barriers including high visa costs, research showed on Thursday. The research by the London-based Work Rights Centre comes after the charity found last month that only 3.4% of the more than …
UK scheme to help exploited migrant carers is failing, charity says Read More »
(Reuters) -The Italian candy maker behind Ferrero Rocher and Nutella is nearing a deal to buy cereal maker WK Kellogg, a source told Reuters, an acquisition that would combine two of the world’s best known consumer food makers. Shares of WK Kellogg — the company behind Froot Loops and Frosted Flakes — surged about 55% …
Italy’s Ferrero nears deal to buy Froot Loops maker WK Kellogg, source says Read More »
