By Julien Ponthus LONDON (Reuters) – Global equity markets made a cautious start on Monday amid talk of more sanctions against Russia over its invasion of Ukraine, while a closely watched part of the U.S. yield curve fuelled recession worries further. Germany said the West would agree to impose more sanctions on Russia in the…
(Reuters) -British fashion retailer Ted Baker said on Monday it had launched a formal sale process, after private equity firm Sycamore improved its takeover proposal and another third party also showed interest in bidding for the company. Ted Baker shares jumped as much as 11% to 142.6 pence. The news comes a week after Ted…
By Joice Alves LONDON (Reuters) – The euro edged lower on Monday after Germany and France said a new round of sanctions targeting Russia were needed amid “very clear clues” of war crimes in Ukraine. The euro, which has been under pressure due to worries about the economic damage from the war in Ukraine, slipped…
(Reuters) – The Russian rouble eased in early trade on Monday, heading away from a near five-week high against the dollar it touched last Friday, while the MOEX benchmark stock index climbed higher to levels seen before Russia sent thousands of troops into Ukraine. The market was eyeing developments around what Russia calls “a special…
NEW YORK, April 4 (Reuters) – Starbucks Corp’s (SBUX.O) longtime former chief executive Howard Schultz announced on Monday the suspension of the company’s stock repurchasing program, as he returns this week to lead the global coffee chain for the third time. The suspension, effective immediately, will allow Starbucks to invest more in the company’s people and its…
LONDON (Reuters) – British financial regulators said on Monday that they would review the way the London Metal Exchange (LME) handled a halt in chaotic nickel trading last month and said the episode underlined questions about LME’s transparency. The Financial Conduct Authority said it and the Bank of England would determine if further action should…
ZURICH (Reuters) – Novartis said on Monday it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its structure, targeting savings of at least $1 billion by 2024. The Swiss pharmaceutical company said it expects value creation through these operational improvements, ensuring at least 4% sales growth and delivering…
Shares fell Tuesday in Asia and oil prices advanced after a tech-driven rally on Wall Street. Trading was light with many regional markets including those in China closed for holidays. Tokyo’s Nikkei 225 index edged 0.1% lower to 27,705.25 and the Kospi in Seoul also fell 0.1%, to 2,755.36. The S&P/ASX 200 gained 0.7% to…
By Chris Thomas and Nupur Anand BENGALURU (Reuters) -India’s largest private lender HDFC Bank will merge with the country’s largest housing finance company HDFC Ltd to create a financial services conglomerate, the companies said on Monday, sending their shares sharply higher. As part of the deal, shareholders of HDFC Ltd will receive 42 shares of…
By Hannah Lang (Reuters) – Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021…
