DOHA (Reuters) -British asset manager Ashmore Group has opened an office in Qatar to advise on investment opportunities and build relationships with domestic investors in the wealthy Gulf state, it said on Wednesday. The office will also provide input on the $200 million Ashmore Qatar Equity Fund (AQEF), which was set up in 2024 with the …
A look at the day ahead in European and global markets from Ankur Banerjee Another day of dollar selling, albeit not an intense one, while Treasury yields remain elevated, keeping investors jittery as they watch for possible developments on U.S. trade deals and worry about the fiscal health of the U.S. economy. The safe haven …
Morning Bid: Nervous investors put dollar under pressure Read More »
By Gianluca Lo Nostro (Reuters) -A group of 58 internet providers and industry associations urged EU tech chief Henna Virkkunen on Wednesday to free up additional spectrum for Wi-Fi services, setting up a clash with operators seeking the same frequencies for mobile networks. In a letter seen by Reuters, global advocacy group Dynamic Spectrum Alliance …
Wi-Fi industry clashes with mobile operators over additional EU spectrum Read More »
By Kenrick Cai, Jeffrey Dastin, Greg Bensinger MOUNTAIN VIEW, California (Reuters) -Alphabet’s Google said on Tuesday it would put artificial intelligence into the hands of more Web surfers while teasing a $249.99-a-month subscription for its AI power users, its latest effort to fend off growing competition from startups like OpenAI. Google unveiled the plans amid …
ZURICH (Reuters) -Consumers in the United States are unsettled by a slowdown in the economy, but Nestle is recovering market share there, the CEO of the Swiss food group was quoted as saying in a newspaper interview published on Wednesday. Nestle CEO Laurent Freixe told the Neue Zuercher Zeitung daily that his company was performing …
US consumers unsettled by economic slowdown, Nestle CEO says Read More »
By Lucila Sigal BUENOS AIRES (Reuters) -Argentina’s government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto, marking the first mining project under a new investment incentive regime. The approval of Rio Tinto’s Rincon project, located in the northern Salta province, under the RIGI incentive scheme was announced by the …
Argentina approves $2.5 billion Rio Tinto lithium mining project Read More »
By Julia Payne and Promit Mukherjee BANFF, Alberta (Reuters) -Canada is considering helping build a pension system like its own for Ukraine, Finance Minister François-Philippe Champagne said on Tuesday. “I had the privilege with Sergii to meet a number of pension funds and a number of very important investors to look at what’s going to …
Canada looks to help build Ukraine’s pension system, finance minister says Read More »
(Reuters) -Kraft Heinz said it was looking at strategic transactions as demand for its pricey snacks and ready-to-eat meals weakens in an uncertain economic environment. The company also said Timothy Kenesey and Alicia Knapp, executives at Berkshire Hathaway-owned companies, were leaving its board of directors after Warren Buffett’s conglomerate said it would no longer hold …
Kraft Heinz looking at M&A opportunities; Berkshire Hathaway leaves board Read More »
BERLIN (Reuters) -German car parts supplier Bosch plans to place a bond worth several billion euros to raise capital for investments, innovation and future acquisitions, the company said on Tuesday. Business daily Handelsblatt, which first reported the news, said the bond would be placed in the next few days, citing financial sources. The company has …
Bosch plans multibillion-euro bond this month to fund investments, M&A Read More »
By Mimosa Spencer PARIS (Reuters) -French luxury group Chanel will continue to invest heavily this year, drawing on its deep pockets as other sector players pull back, with plans for new stores in China and the United States, despite volatility in both markets, it said on Tuesday. “We continue to navigate in very uncertain times,” …
Chanel to keep investing despite choppy luxury market Read More »
