By Emma-Victoria Farr LONDON (Reuters) – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar with the matter told Reuters on Friday. According to a report by Bloomberg, Permira and CVC are also interested in a 40.55% stake held by company founder Hermann Leistner…
By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on the European Central Bank to rein in runaway prices even as growth slows sharply. Consumer price growth in the 19 countries sharing the euro accelerated…
(Reuters) – Global bond funds drew their first weekly inflow in about three months in the week ended March 30, as a dip in oil prices tempered some concerns over inflation during the week. According to Refinitiv Lipper, global bond funds received $3.5 billion in the week to March 30, their first weekly inflow since…
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set out to investigate how that came to be. The chip, which costs less than $2, was shipped in 2009 to a distributor in Asia,…
MILAN (Reuters) – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which was announced in November, allows the Italian bank to complete its exit from Turkey’s third-biggest lender, UniCredit said without disclosing financial terms of the…
LONDON (AP) — Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in the 19 countries that use the euro…
DUBAI, United Arab Emirates (AP) — The world is looking to Saudi Arabia to boost oil production as global energy prices spike because of Russia’s invasion of Ukraine. But that could mean rethinking how to deal with the kingdom’s controversial crown prince. Crown Prince Mohammed bin Salman’s ties with longtime allies have been troubled by…
By Shadia Nasralla LONDON (Reuters) -Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release by the United States. Brent crude futures were down 71 cents, or 0.7%, to $104.00 a barrel by 0952 GMT,…
LONDON (AP) — Tia Rutherford is worried about her 3-year-old son. As energy prices soared last fall, she tacked fleece blankets over her doors and windows to keep the cold out and started serving Jacob breakfast in his room so she didn’t have to heat the living room. But she’s consumed by worry that she…
(Reuters) – The Russian rouble touched a more than five-week high in early Moscow trade on Friday before settling close to 83 to the dollar, and Russian stocks edged higher, with investors eyeing events in Ukraine and an ongoing gas payments saga. At 0741 GMT, the rouble was 0.1% weaker against the dollar at 83.25,…
