By Ron Bousso LONDON (Reuters) -Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Benchmark Brent crude futures for September delivery were down 5 cents, or 0.1%, at $74.46 a barrel by 1120 GMT…
MADRID (Reuters) -U.S. buyout firm Apollo made a cash bid for Applus Services on Friday which values the Spanish industrial testing company at 1.23 billion euros ($1.33 billion). Apollo said in a filing to Spain’s stock market regulator that it had offered 9.50 euros in cash per Applus share, a 1.9% premium over Thursday’s closing…
(Reuters) – U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust economic indicators eased concerns about higher borrowing costs. Investors purchased U.S. equity funds of a net $2.1 billion after disposing of about $16.5 billion worth of funds in the previous week, data from Refinitiv Lipper…
KYIV (Reuters) -Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. The funds will be provided with guarantees from the Japanese government and channeled to support social security and economic development, Shmyhal, whose country has been invaded by Russia, said on the Telegram…
By Diana Mandia (Reuters) -French catering and food services group Sodexo on Friday raised the full-year outlook of its voucher business for the second time this year as it benefits from companies’ attempts to get employees back to the office. Employers have turned to companies like Sodexo and Edenred to offer vouchers to staff as…
BEIJING (Reuters) – China’s central bank said on Friday it will increase its relending and rediscount quotas by 200 billion yuan ($27.53 billion) to support the farm sector and small firms, amid faltering economic recovery. The world’s second-biggest economy lost momentum in the second quarter following a strong post-COVID rebound in consumption, spurring calls for…
CANELONES, Uruguay (Reuters) – At the Canelon Grande Reservoir, a major source of water for Uruguay’s thirsty capital Montevideo, water levels have been so low for so long that grass now covers much of what used to be a lake. “It’s bleak,” local Mario del Pino said, standing in the middle of the reservoir, surrounded…
(Reuters) – Global investors turned net buyers of equity funds in the week to June 28 as solid economic readings fuelled hopes of U.S. growth, while China’s policy measures to bolster its economy further boosted sentiment. According to Refinitiv Lipper data, global equity funds saw a net $2.81 billion in inflows after booking about $15.96…
LONDON (Reuters) – Japanese equity funds have had $7.9 billion of inflows in the past four weeks, the most in a four-week period since April 2020, a report from Bank of America Global Research said. Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped…
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Seeking input on regulations The government is consulting Australia’s main science…
