ROME (Reuters) -Sales of new cars in Italy fell by 17.44% in June, transport ministry data showed on Tuesday, in the biggest year-on-year drop this year. Total sales in June stood at 132,191 vehicles. Market leader Stellantis, whose brands include Fiat, Jeep, Chrysler and Peugeot, suffered an even bigger crash, with sales down 32.83% year-on-year, …
Italy’s new car sales down 17.44% year-on-year in June Read More »
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -There is no prospect of a major challenge to the dollar’s status as the world’s reserve currency of choice any time soon, central bankers gathered for an annual conference in the Portuguese resort of Sintra said on Tuesday. U.S. President Donald Trump’s unpredictable economic, trade and …
Challenge to dollar supremacy a long way off, central bankers say Read More »
MOSCOW (Reuters) -Nasim Bahr Kish, an Iranian firm that holds a controlling stake in Russia’s Astrakhan Port, has submitted an offer to acquire the remaining shares, including a 25% stake owned by the Russian state, the company’s records showed on Tuesday. Astrakhan Port owns a sea terminal in the southern Russian city of Astrakhan. The …
Iranian firm offers to buy out minority shareholders at Russian Caspian port terminal Read More »
(Reuters) -The English Premier League and Microsoft on Tuesday announced a five-year partnership where the cloud giant will infuse its artificial intelligence Copilot into the league’s digital platforms to provide quick facts and statistics about matches. Audiences and fans will be able to learn about Premier League clubs, players, matches through an AI companion powered …
Premier League forms five-year AI partnership with Microsoft Read More »
(Reuters) -Euro zone inflation edged up last month to the European Central Bank’s 2% target, confirming that the era of runaway prices is over and shifting policymaker focus to trade war-induced economic volatility. Inflation in the 20 nations sharing the euro currency crept up to 2.0% in June from 1.9% a month earlier, in line …
By Helen Reid and Greta Rosen Fondahn LONDON/STOCKHOLM (Reuters) -The billionaire Persson family has picked up the pace of share purchases in the H&M fashion empire it founded, regulatory filings showed on Tuesday, potentially boosting speculation the company may eventually be taken private. The family’s Ramsbury Invest holding company, primarily owned by Sweden’s richest man …
Billionaire H&M founding family speeds up share purchases Read More »
LONDON (Reuters) -Billionaire investor Cliff Asness’s AQR Capital Management finished the first half of the year with positive returns in several of its funds, said a source on Tuesday. The $142 billion hedge fund returned a positive 0.9% performance in June in its multi-strategy fund, Apex Strategy, with a net 11.4% return so far this …
AQR Capital Management reaches mid-year with double digit returns, source says Read More »
By Svea Herbst-Bayliss NEW YORK(Reuters) -Activist investors who push companies for operational changes and management shake-ups waged fewer campaigns during the first half of 2025 as tariffs, wars and U.S. President Donald Trump’s unpredictable policies made them more cautious, new data show. The pace of investor demands, aimed at pushing up a company’s share price, …
Activist investors slow pace of demands amid global uncertainties-data Read More »
By David Latona and Karin Strohecker SEVILLE, Spain (Reuters) -A number of wealthy creditor nations and multilateral lenders have launched an initiative that aims to give sovereign borrowers breathing space on debt payments in the event of a climate or humanitarian crisis, Spain said on Tuesday. The Debt Suspension Clause Alliance was launched during a …
Governments, multilateral lenders launch push for debt payment pauses Read More »
LONDON (Reuters) -Barclays on Tuesday said chief operating officer Alistair Currie will leave the bank, to pursue roles on the boards of other companies. The bank said Craig Bright, its chief information officer, and former Goldman Sachs banker Anne Marie Darling would assume the role of group co-chief operating officers, as well as heading Barclays …
