(Reuters) – Ladbrokes-owner Entain on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as it looks to widen its footprint in the country. The acquisition of the sports modelling, forecasting and data analytics company will comprise a total consideration of 81 million pounds and contingent payments over three years, the…
By William Schomberg LONDON (Reuters) – Finance executives at top British firms have turned more cautious in the face of high inflation and rising interest rates and they expect a slowdown in hiring and pay growth, a survey showed on Monday. A quarterly survey by Deloitte found the difference between chief financial officers who were…
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due to the fall in house prices and the value of bonds which has hit pensions, a report published on Monday showed. But the Resolution Foundation think-tank said younger people could…
(Reuters) -A meeting of global finance ministers, earnings from U.S. companies whose market value exceeds that of some nations’ entire economies, and a pulse-check for Chinese growth are in the market spotlight. G20 finance chiefs kicked off a meeting in India over the weekend to discuss loans to developing countries, among other things, while Tesla…
By Kevin Yao and Joe Cash BEIJING (Reuters) -China’s economy grew at a frail pace in the second quarter as demand weakened at home and abroad, with the post-COVID momentum faltering rapidly and raising pressure on policymakers to deliver more stimulus to shore up activity. Chinese authorities face a daunting task in trying to keep…
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012, and is currently present in Peru, Uruguay, Chile, Colombia, Ecuador, Guatemala, Panama, and Costa Rica. “With a population of over 210 million in…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia recorded a surprisingly large trade surplus of $3.46 billion in June, as imports plunged more than expected and exports also remained weak, official data showed on Monday, adding to the case for possible rate cuts before year-end. A Reuters poll of economists had expected a surplus…
By Yoruk Bahceli (Reuters) – As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in its messaging than other major central banks, making positioning in UK assets a particular challenge. Traders, who bet the BoE was nearly done in May,…
SEOUL (Reuters) – South Korea’s home prices were flat in June, data showed on Monday, as prices in the capital Seoul city stopped falling for the first time in a year with sentiment improving for some apartment buildings. The nationwide house transaction price index slipped just 0.05% in June, following a 0.22% fall in May,…
By Libby George and Jorgelina do Rosario LONDON (Reuters) -Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but the two nations have secured only enough help to limp to autumn elections, experts said. The rally in international bonds issued by the two countries has intensified…
