By Davide Barbuscia and Ghaida Ghantous DUBAI (Reuters) -The United Arab Emirates will shift to a working week of four and half days with a Saturday-Sunday weekend from the start of next year to better align its economy with global markets, but private companies will be free to choose their own working week. The oil-producing …
UAE to shift to Saturday-Sunday weekend in line with global markets Read More »
By Simon Jessop LONDON (Reuters) – Investors managing $12.4 trillion in assets on Tuesday called for governments and companies to accelerate the shift to promoting healthier food and drink to help fix what they described as a “global nutrition crisis”. Poor-quality diets are a leading cause of death and disease and carry individual, societal and …
Investors push food & drink companies, govts over ‘nutrition crisis’ Read More »
By Alexander Marrow and Katya Golubkova MOSCOW (Reuters) – The rouble weakened marginally on Tuesday, with investors focused on a video call between Russian President Vladimir Putin and his U.S. counterpart Joe Biden later in the day, as the threat of new sanctions against Moscow lingered over the talks. Biden will tell Putin that Russia …
Rouble weakens amid Russia sanctions threat ahead of Biden-Putin talks Read More »
WASHINGTON (Reuters) – U.S. unit labor costs surged more than initially thought in the third quarter, suggesting inflation could remain high for a while. The Labor Department said on Tuesday that unit labor costs, the price of labor per single unit of output, accelerated at a 9.6% annualized rate last quarter. That was revised up …
U.S. third-quarter labor costs revised sharply higher Read More »
NEW YORK (Reuters) – The Federal Reserve may need to move more quickly to address inflation concerns, Wells Fargo Chief Executive Charlie Scharf said Tuesday. “There’s a case to be made that they should be moving faster than they’ve been moving. Inflation is very, very real,” he said. (Reporting by Matt Scuffham, Editing by Louise …
Wells Fargo CEO says Fed may need to move quicker to address inflation concerns Read More »
(Reuters) -Enbridge Inc on Tuesday raised its dividend and announced plans to buyback shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas. Energy stocks have bounced back this year as investors are rewarding companies that are disciplined with their capital and as many North American …
Enbridge raises dividend, plans share buybacks as profit set to rise Read More »
By Abhinav Ramnarayan LONDON (Reuters) – London’s bid to transform its stock market into a haven for fast-growing technology companies to compete with New York is facing obstacles as trading volumes slide and some big-ticket initial public offerings fall flat. Britain brought in new rules last week to make it more attractive for technology companies …
Lacklustre trading thwarts London’s tech IPO ambitions Read More »
By Emma-Victoria Farr LONDON (Reuters) -France’s richest man Bernard Arnault and former UniCredit head Jean Pierre Mustier will publicly list a second blank cheque vehicle in Amsterdam, raising 200 million euros ($226 million), the bookrunners on the deal said. Earlier this year, the duo raised half a billion euros from their special purpose acquisition company …
Arnault-backed group launches second SPAC listing Read More »
FRANKFURT (Reuters) – The following is the text of a Reuters interview with European Central Bank policymaker and Estonian central bank Governor Madis Muller. Q: How did your views on inflation evolve since the last policy meeting? A: Recent inflation numbers have been higher than expected, supply chain problems are now seen lasting longer than …
By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation could exceed the European Central Bank’s forecast in the long term, so there is no reason now to boost a legacy bond purchase programme when an emergency scheme ends next March, ECB policymaker Madis Muller said. The ECB is debating life after the 1.85 trillion euro …
No need now for ECB to boost legacy bond purchase scheme: Muller Read More »
