By James Davey LONDON (Reuters) – British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul of its store estate that will see it invest 480 million pounds ($587 million). The 139-year old group said on Monday the investment would…
By John Revill ZURICH (Reuters) – Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its…
By Scott Murdoch and Jamie Freed SYDNEY (Reuters) -Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic aviation market bounces back strongly from pandemic lows. A listing of Australia’s second-biggest carrier would likely be one of the country’s largest initial public offerings…
By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people,…
MILAN (Reuters) – Italy’s antitrust authority said on Monday the offices of several oil companies, including Italy’s Eni and Exxon Mobil Corp’s ESSO Italiana unit, have been searched over alleged fuel price violations. The authority, which carried out the inspections with the help of Italy’s tax police, said it was probing irregularities concerning prices being…
TOKYO (Reuters) – The Japanese government’s top economic policy panel on Monday held its first round of special sessions that will discuss the medium-to-long term direction of fiscal and monetary policies, including the pros and cons of “Abenomics”. Japan pursued a reflationary policy led by monetary stimulus under former premier Shinzo Abe which has helped…
BERLIN (Reuters) – Germany’s wholesale price index rose in December compared with the same month last year although at a slower pace than in previous months, according to data released on Monday. Wholesale prices rose by 12.8% on the year, compared with a November reading of 14.9%, the federal statistics office reported. Wholesale price growth…
LONDON (Reuters) -Japan’s central bank looks set to raise its inflation forecasts and debate further policy tweaks, just as business leaders and policymakers descend (in person this time) on the Swiss resort of Davos to put the world to rights. U.S. earnings and retail sales numbers, a slew of China data and inflation readings elsewhere…
By Kantaro Komiya TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, a close aide of incumbent chief Haruhiko Kuroda, is most likely to succeed him this spring, according to two-thirds of economists in a Reuters poll. Investors have closely followed the race for the position of next BOJ governor, looking for clues…
By Rae Wee SINGAPORE (Reuters) – The dollar fell to a seven-month low against major peers on Monday while the yen spiked to an over seven-month peak as traders ramped up bets that the Bank of Japan may make further tweaks to its yield control policy at its meeting this week. The Aussie breached the…
