By Andy Bruce and Sinead Cruise LONDON (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a par with the late 1980s. Lenders have repeatedly re-priced and pulled home loan offerings in…
By Jesús Aguado MADRID (Reuters) -Santander said on Thursday it has appointed Pedro Castro e Almeida as regional head for Europe as the Spanish bank bets on this region to drive growth. Castro e Almeida is replacing Antonio Simoes, who has been hired as the new CEO of Britain’s Legal and General Group. As regional…
By Jonathan Allen and Kanishka Singh NEW YORK (Reuters) -A New York grand jury voted on Wednesday to indict Daniel Penny, a former U.S. Marine sergeant, in last month’s killing of Jordan Neely, a homeless man, with a chokehold on a Manhattan subway car, a person familiar with the case said. Penny, 24, was captured…
By Chayut Setboonsarng BANGKOK (Reuters) – Overseas travel bookings from mainland China are currently at just over half of pre-pandemic levels but are on course to return to the 2019 numbers by the end of this year or early 2024, the head of online travel agency Agoda said on Thursday. China was the world’s largest…
By John Revill and Fanny Potkin SINGAPORE/ZURICH (Reuters) -Siemens will spend 2 billion euros ($2.2 billion) on a new global investment plan, the German engineering group said on Thursday, to make its operations more resilient against supply chain disruptions and geopolitical tensions. Siemens will build new factories, research and development centres and training sites around…
By John Revill ZURICH (Reuters) -Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages. Siemens will build new factories, research and development centres and training sites around the…
MOSCOW (Reuters) – Belarus, which is taking delivery of tactical nuclear weapons from its ally Russia, said on Thursday it had shot down a Ukrainian drone in a border region late last month. The rare incident in Gomel region was reported by the Belarusian border guard service, which did not explain why it had not…
By Linda Pasquini (Reuters) -German fashion house Hugo Boss on Thursday raised its 2025 sales target, betting on strong demand across its markets as it proved immune to weaker U.S. consumer sentiment. The company now aims for annual sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion…
By Ananda Teresia and Kate Lamb JAKARTA (Reuters) – Indonesia’s Constitutional Court will on Thursday rule on a possible change to the country’s electoral system, a decision that has fuelled concerns about political interference in the upcoming February 2024 general and presidential polls. The case, brought by several politicians including from the ruling Democratic Party…
By Jeslyn Lerh SINGAPORE (Reuters) – Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped gains. Brent crude futures rose 39 cents, or 0.6%, to $73.59 a barrel by 0630 GMT. U.S. West Texas…
