By Allison Lampert and Aditi Shah PARIS/NEW DELHI (Reuters) – Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals. “It…
By Milana Vinn NEW YORK (Reuters) – When a senior Goldman Sachs technology banker delivered a grim prediction to his colleagues earlier this year, it marked the beginning of downturn that would result in some bankers leaving. Mergers and acquisitions among technology companies could be down as much as 80% in 2023, Sam Britton, one…
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, Western central banks are clearly not finished tightening credit just yet – certainly not in ‘inflation outlier’ Britain. Federal Reserve chair Jerome Powell threw more cold water on hopes for…
ZURICH (Reuters) – The Swiss National Bank will consider closely the size of UBS following the completion of its takeover of Credit Suisse, the central bank’s vice-chairman said on Thursday. “Of course because it is such a big bank it needs to have higher capital requirements,” Martin Schlegel told an news conference in Zurich. He…
By Valentina Za MILAN (Reuters) -The Italian arm of France’s Credit Agricole has started offering fixed-term savings accounts to win new customers in its biggest foreign market, at a time when competition for cash among the country’s lenders grows. With deposit rates lagging soaring lending costs, banks have posted record earnings in recent quarters, prompting…
By Victoria Klesty OSLO (Reuters) -Norway’s central bank raised its key policy rate by 50 basis points (bps) to a 15-year high of 3.75% on Thursday in a bid to curb inflation, and said it aimed for another hike in August, predicting the rate would rise to 4.25% during the autumn. The increase was bigger…
SEOUL (Reuters) – Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for the streaming giant to share more profits with creators. South Korea has created some of the Californian company’s biggest shows, which have become synonymous with…
By Aditya Kalra, Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) – Elon Musk is eager to bring his Starlink satellite broadband to India, but the world’s richest man faces strong resistance from Mukesh Ambani, Asia’s wealthiest, who runs Indian telecom giant Reliance Jio. Following a meeting with Indian Prime Minister Narendra Modi in the…
(Reuters) -Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in higher-return assets. The Dutch-listed insurer said it sees free cash flow of about 800 million euros ($878.96 million) in 2025, up from the 600 million…
PARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance institutions in the face of climate change and other development challenges. A key topic of discussion will be suggestions from a groupof developing countries, led by Barbados, dubbed the ‘BridgetownInitiative’. The key demands of the…
