By Pablo Mayo Cerqueiro and Jason Hovet LONDON (Reuters) -Draslovka, the world’s largest producer of sodium cyanide, has been sounding out banks to manage a possible stock market listing as early as next year, three people familiar with the matter told Reuters. The privately-held Czech group is selecting underwriters for an initial public offering (IPO)…
(Reuters) – Consumer goods giant Unilever said on Friday it has appointed Ian Meakins as its chair designate, replacing current Chairman Nils Andersen. Meakins, chairman of the Compass Group, will join the board and take the position of chair designate on Sept. 1, and join as the company’s chairman on Dec. 1, according to a…
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a fourth straight month in July, a Reuters poll showed on Friday, reinforcing the need for further policy support to boost domestic demand amid a “tortuous” economic recovery. The official purchasing managers’ index (PMI) is expected to have edged up to 49.2 in…
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will hike interest rates once more by a quarter percentage point on Tuesday and pause for the rest of the year as inflation is still running well above the target, according to a slim majority of economists in a Reuters poll. Although the RBA…
HONG KONG (Reuters) – Chinese property developers Dalian Wanda Group and Vanke have reached a settlement over a dispute related to a mega-project in the northern part of the country, a Wanda company official said on Friday. The official confirmed a China Securities Journal report, which also said court orders to freeze Wanda’s 1.9 billion…
A look at the day ahead in European and global markets from Vidya Ranganathan The Bank of Japan decided to bend its long-running yield control policy on Friday, just days after the Fed opted to be non-committal on the future path of rates and the ECB hinted at pauses. The BOJ maintained its guidance allowing…
By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly net inflows on Friday as investors’ appetite for risk-averse products underpinned a 1.9% yearly growth in assets under management. Uncertainty about the world economy, marked by inflation, speedy hikes in interest rates and geopolitical risks drove retail and institutional investors to…
(Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring growing concerns over the rising side- effects of prolonged monetary easing. At the two-day meeting that ended on Friday, the central bank kept unchanged its short-term interest rate target at…
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Turkey’s new central bank chief pitched a comprehensive monetary policy in her first formal address to the media while her acknowledgment of stark inflation pressures was welcomed by foreign investors. Laying out her philosophy in her debut news conference, Hafize Gaye Erkan pledged that her holistic…
TOKYO (Reuters) – Japanese automaker Toyota Motor said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by an easing of semiconductor supply constraints and especially stronger demand in Japan. The company sold some 4.9 million vehicles globally in the six months…
