LONDON (Reuters) – British finance minister Rachel Reeves set out her plans to divide up more than 2 trillion pounds ($2.7 trillion) of public spending on Wednesday in a speech she hopes will foster a sense of national renewal. Below are the key quotes: AIM OF THE SPENDING REVIEW: “We are renewing Britain. But I …
Health, defence and schools: UK’s Reeves sets out spending plans Read More »
By David Milliken and Elizabeth Piper LONDON (Reuters) -British finance minister Rachel Reeves prioritised spending on health, defence and infrastructure projects to drive economic growth in a bid on Wednesday to reboot the Labour government’s offer of a brighter future to increasingly disillusioned voters. Setting out day-to-day budgets for government departments from 2026 to 2029 …
UK’s Reeves sets out over 2 trillion pounds of spending to revive government Read More »
By Anushree Mukherjee and Kavya Balaraman (Reuters) -Platinum and palladium prices have both rallied this month, notching a more than four-year and seven-month high respectively, but analysts say they remain more cautious about the outlook for palladium due to its narrower demand base. Spot platinum was trading at $1,272.45 per ounce as of 1545 GMT …
Platinum surges, palladium lags on narrow demand profile Read More »
By Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) -Britain’s Reckitt is talking exclusively to private equity firm Advent International over a sale of the consumer goods group’s Essential Home business, two sources with direct knowledge of the matter told Reuters. Reckitt could retain a minority stake in Essential Home, the sources said, adding that a …
Exclusive-Reckitt talks exclusively to Advent on Essential Home sale, sources say Read More »
(Reuters) -Denmark’s Novo Nordisk is partnering with biotech company Deep Apple Therapeutics in a deal worth up to $812 million to develop drugs for cardiometabolic diseases, including obesity, the California-based company said on Wednesday. Deep Apple discovers drug candidates using its AI-based platform that screens virtual libraries of billions of compounds to cut drug discovery …
Novo signs $812 million weight-loss drug license deal with US biotech Deep Apple Read More »
By Valentina Za MILAN (Reuters) -UniCredit CEO Andrea Orcel said on Wednesday he currently saw little scope to advance his acquisition strategy, given that Commerzbank had become too pricey and Italy was effectively blocking a takeover of Banco BPM. Veteran investment banker Orcel arrived at UniCredit in 2021 vowing to use M&A to speed up …
UniCredit CEO sees slim hopes of BPM deal, says Commerzbank too costly Read More »
LONDON (Reuters) -The British government said on Wednesday it would seek to draw in further private capital for, among other things, promoting housebuilding in England, by offering equity investments, loans and guarantees. As part of finance minister Rachel Reeves’ multi-year spending review, the government said it would offer guarantees and other support that would enable …
UK offers more investment for housing, seeks wider private capital Read More »
BELGRADE (Reuters) -The International Monetary Fund (IMF) and Serbia have reached staff-level agreement on the first review under a 36-month arrangement to help support economic reforms, the fund said in a statement on Wednesday. The so-called Policy Coordination Instrument (PCI) was signed in October to make it easier for the Balkan country to secure lending …
IMF, Serbia reach staff-level agreement on 36-month deal Read More »
MEXICO CITY (Reuters) -Beer maker Heineken will invest $2.75 billion in different projects in Mexico, the company’s CEO in the country said on Wednesday. Oriol Bonaclocha said during Mexican President Claudia Sheinbaum’s morning press conference that the investment will include the construction of a new factory in the country’s southeast. The new plant in the …
Heineken to invest over $2.7 billion in Mexico through 2028 Read More »
(Reuters) -The U.S. will resume processing applications from Swiss entities aiming to become registered investment advisers in the U.S., the U.S. Securities and Exchange Commission and Swiss financial market regulator FINMA said in separate statements on Tuesday. SEC had suspended new registrations for several years and would lift the ban with immediate effect after the …
US will resume accreditation of Swiss investment advisers Read More »
