By Anisha Sircar, Bansari Mayur Kamdar and Susan Mathew (Reuters) -European shares marked their biggest weekly gain this year, as signals from Russian President Vladimir Putin about a positive shift in talks with Ukraine helped markets end a volatile week on a firmer footing on Friday. The pan-European STOXX 600 index closed 1% higher, and…
(Corrects attribution of data for graphics and U.S. monthly revenue to Auto Rental News, instead of the American Car Rental Association) By Tina Bellon (Reuters) -The $100 billion Western rental car industry, flush with cash from a profitable pandemic, is gradually getting its electric show on the road, and Chinese-made vehicles are poised to play…
By Sheila Dang (Reuters) -AT&T Inc expects to invest about $48 billion through the end of 2023 to expand its fiber internet and 5G wireless services, the U.S. wireless carrier said on Friday, as it detailed the vision for the business after unwinding its media assets. After facing skepticism from shareholders over its expensive quest…
(Reuters) – Global bond funds saw big outflows in the week to March 9 due to a spike in crude oil prices and concerns over soaring inflation levels, amid intensifying conflict between Russia and Ukraine. Investors offloaded global bond funds for the ninth week in a row, amounting $15.75 billion, which was 32% higher than…
By Jason Hovet and Gergely Szakacs PRAGUE (Reuters) – Russia’s invasion of Ukraine is hitting hopes of renewed growth in central Europe’s car industry this year following the pandemic, stoking risks of sharper economic slowdowns. The conflict in Ukraine has worsened supply snags and is also pushing up prices for materials like nickel or palladium,…
By Simon Jessop, Tommy Wilkes and Tim Hepher LONDON/PARIS (Reuters) – Largely ignored by the growing ranks of Europe’s socially minded investors, defence firms see a fresh chance to argue for a place in portfolios after Russia’s invasion of Ukraine. One asset manager announced last week that it would re-allow investment in defence, a sign…
(Reuters) -Russia’s government on Friday proposed a raft of measures, including some for suppliers of state-owned companies and its IT sector, as it seeks to weather the impact of Western sanctions on its economy. Prime Minister Mikhail Mishustin said the government was actively working on a third package of measures to counteract the sanctions, which…
When philanthropist Mona Sinha walked into her first meeting on a museum advisory board, she immediately noticed that she was the youngest person in the room and the only person of color there. Instead of being welcomed as a new colleague, fellow members of the advisory board asked her if she was a fundraiser for…
By Anait Miridzhanian and Mimosa Spencer (Reuters) -The world’s biggest eyewear company EssilorLuxottica reported strong sales growth in the fourth quarter, rising further above pre-pandemic levels and boosted by its performance in the United States and its GrandVision acquisition. Shares in EssilorLuxottica, which owns the Oakley and Ray-Ban sunglass brands and makes sunglasses and spectacle…
Investors have flocked to the energy sector. The momentum started in 2021 as oil prices began to ascend. The rally picked up velocity in 2022 as geopolitical crises and supply chain issues drove energy prices to multiyear highs. Oil trades above $100 a barrel for the first time since 2014. This move has traders dusting…
