LONDON (Reuters) -The British public’s expectations for inflation over the medium to long term, which are closely watched by the Bank of England, rose in August, a survey published on Friday showed. Inflation expectations in five to 10 years’ time marginally rose to 3.3% from 3.2% in July, the survey by U.S. bank Citi and …
UK inflation expectations rise in August -Citi/YouGov Read More »
By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) -Argentina suffered a big legal defeat on Friday as a U.S. judge ruled that the country must pay about $16 billion to minority shareholders of YPF arising from the government’s 2012 seizure of a majority stake in the oil and gas company. U.S. District Judge Loretta …
US judge says Argentina owes about $16 billion after YPF payout trial Read More »
NEW YORK (Reuters) -Shareholders in real estate investment trust Global Net Least Inc approved a planned merger with The Necessity Retail REIT to form the third-largest net lease REIT, the company said on Friday. The all stock transaction is also expected to be approved by Necessity Retail REIT shareholders, according to sources, who are not …
Global Net Lease shareholders approve deal with Necessity Retail Read More »
By Emma-Victoria Farr and Maha El Dahan (Reuters) -Covestro on Friday has entered into open-ended discussions with suitor Abu Dhabi National Oil Company (ADNOC) over a takeover approach, the German company said in a statement. Covestro’s change in stance comes after two top-15 investors told Reuters last month that the plastics and chemicals maker should …
Covestro board enters formal talks on $12 billion ADNOC approach Read More »
BUDAPEST (Reuters) – Hungary’s tax-adjusted core inflation slowed to an annual 15.2% in August from 17.5% in July, the central bank said on Friday. The bank said a decline in retail sales and services price expectations in the corporate sector stalled in August. (Reporting by Gergely Szakacs)
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Former Goldman Sachs veterans Mike Koester and Tom Connolly have opened 5C Investment Partners, an alternative investment firm focused on private credit, they said on Thursday. Connolly spent 25 years at Goldman and served as the head of private credit in its merchant-banking division. Koester, …
Goldman alums set up credit-focused alternative investment firm Read More »
By Richa Naidu and Helen Reid LONDON (Reuters) – Consumer goods makers and retailers investing in sustainably made products after years of shopper outcry, say they face an uphill struggle convincing people to switch when those products cost more or look inferior. Shareholders, consumers and regulators have pressured companies – from Kimberly-Clark and Nestle to …
Shoppers say they want sustainable goods, but won’t pay more Read More »
By Ann Saphir (Reuters) -The U.S. Senate on Thursday confirmed World Bank economist Adriana Kugler to the Federal Reserve, filling the last open seat at the U.S. central bank’s governing board as policymakers near a potential crossroads in their fight against inflation. Colombian-born Kugler, whose research has focused on labor markets, is the first Latina …
Fed Board gets last governor as it nears economic crossroads Read More »
(Reuters) – Italian retail trade rose marginally in July as large-scale food distribution pushed up sales, data showed on Thursday. Retail sales increased by 0.4% in value from June and by 2.7% in unadjusted year-on-year terms, national statistics institute ISTAT said. Sales in large-scale distribution were up 5.5% on the year, with food distribution, in …
Rise in Italy’s retail sales in July driven by supermarkets Read More »
(Reuters) – European shares fell for a seventh consecutive session on Thursday, on track for their longest losing streak in more than five years, weighed down by twin concerns of a slowing European economy and elevated U.S. interest rates. The pan-European STOXX 600 index fell 0.4% by 0714 GMT, hitting a one-week low. The seven-day …
European stocks fall for seventh day as global mood sours Read More »
