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…
(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…
(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…
HAMBURG (Reuters) – Ford has found what it described as a major international investor for the U.S. carmaker’s German plant in Saarlouis and has signed initial agreements together with the western state of Saarland, it said at a works meeting at the plant on Friday. “This is an excellent basis for further negotiations, with the…
A look at the day ahead in U.S. and global markets from Mike Dolan The glass appears half full at half time. The U.S. economy and markets look to be in rude health as they hit the midyear mark on Friday, with both stock prices and interest rates climbing in tandem and the dollar on…
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition. Tesla is expected as early as this weekend to report global deliveries of 445,000…
(Reuters) – A severe storm that hit a Mercedes-Benz plant in the central German city of Kassel last week is estimated to have caused damage in the mid-double-digit-million euro range, said Daimler Truck in a statement on Friday. The June 22 storm and flooding that followed damaged roofs, buildings and offices at the plant, which…
