By Alexander Marrow (Reuters) – Economic sanctions have been the biggest headache for Russia’s business elite since the start of the war in Ukraine, but two drone strikes in the heart of Moscow’s financial district are forcing companies to think about their employees’ safety. An explosion early on Sunday rocked the Moskva-Citi business district, a…
(Reuters) – Aston Martin said on Tuesday it has raised 216 million pounds ($277 million) in equity to cut down its expensive debt. The company offered 58.2 million new shares at 371 pence per share, representing a 6.2% discount to the stock’s closing price on Monday. ($1 = 0.7798 pounds) (Reporting by Yadarisa Shabong in…
By Clare Jim and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Debt-laden Chinese developer Country Garden aborted a $300 million share placement at the last minute on Tuesday saying it had not reached a ‘final agreement’ for the deal to go ahead. A message from JPMorgan, the sole bookrunner for the sale, was sent early Tuesday saying…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – Yum China Holdings, owner of the KFC and Pizza Hut chains in mainland China, plans to stick to a goal of opening up to 1,300 stores in 2023, as it still sees growth opportunities despite the slowing economy, its CEO said on Tuesday. Joey Wat told…
By Anant Chandak BENGALURU (Reuters) – Growth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expansion remained healthy, a private business survey showed on Tuesday. The sector has remained resilient despite declines in manufacturing activity in other major producers, suggesting…
BEIJING (Reuters) – China’s factory activity swung to contraction in July, a private sector survey showed on Tuesday, with supply, demand and export orders all deteriorating as firms blamed sluggish market conditions at home and abroad. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) fell to 49.2 in July from 50.5 in June, missing analysts’…
(Reuters) -Paul Reubens, the actor who played Pee-wee Herman, a nerdy character who wore a gray suit and red bowtie while delighting children and adults alike with his distinctive “heh heh heh” laugh, has died, a post on his Instagram account said on Monday. Reubens, 70, died overnight after a years-long battle with cancer, the…
BEIJING (Reuters) – China said on Tuesday it has complained to the United States about a weapons aid package https://www.reuters.com/world/us-announces-taiwan-weapons-package-worth-up-345-million-2023-07-28/ to Taiwan, urging Washington to refrain from going further down a “wrong and dangerous” path. The U.S. unveiled an aid package for Taiwan worth up to $345 million on Friday as Congress authorised up to…
A look at the day ahead in European and global markets from Kevin Buckland. The ‘Goldilocks’ view that equity investors are taking of the global economy continued into August, as a benchmark of Asian stocks hovered around Monday’s 16-month highs. Signs of a peak for European consumer inflation to start the week echoed the narrative…
By Boureima Balima and Abdel-Kader Mazou NIAMEY (Reuters) -The junta that seized power in Niger last week detained senior politicians on Monday, their party said, defying international calls to restore democratic rule, while fellow military rulers in West Africa expressed their support. The overthrow of President Mohamed Bazoum has sent shockwaves across West Africa, pitting…
