LONDON (Reuters) – Veteran British stock-picker Richard Buxton is set to retire from Jupiter Asset Management at the end of the summer, the company said in a statement on Friday. Over a career spanning nearly four decades Buxton became one of Britain’s highest profile fund managers, rising up the ranks in the industry through stints…
By Joe Brock and Kanupriya Kapoor SINGAPORE (Reuters) -Australian Prime Minister Anthony Albanese on Friday called for greater engagement between the United States and China, saying a breakdown in dialogue between the superpowers could have devastating consequences for the world. The relationship between the United States and China is at its lowest point in decades,…
By Jonathan Cable LONDON (Reuters) – A crash in British home prices is unlikely but they will dip further this year than earlier thought as the cost of living crisis and rising borrowing costs take their toll on indebted buyers, a Reuters poll showed. As in much of the world, home prices soared during the…
BUDAPEST (Reuters) – Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said on Friday. Matolcsy said once Hungary reaches about 90% of the EU’s average level in terms of economic development, then the adoption of…
By Savyata Mishra (Reuters) – Shares of Lululemon Athletica Inc soared 15% in early trade on Friday, after the premium apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers and a sharp rebound in China sales. The rosy outlook comes in contrast to the general trend of U.S. retailers…
(Reuters) -Boeing Co. CEO Dave Calhoun on Friday said progress on resolving supply chain problems has been “frustratingly slow” even as airlines’ demand for planes has bounced back to pre-pandemic levels. Boeing has seen improvements in certain elements of its supply chain, such as engine forgings and castings, Calhoun said. But the ability of aircraft…
TBILISI (Reuters) – Armenia is not a Russian ally in the Ukraine war and is worried about the impact of that crisis on its relations with other countries, Prime Minister Nikol Pashinyan said, drawing a cautious response in Moscow. The tiny ex-Soviet nation in the southern Caucasus region has close security and economic ties to…
By Essi Lehto, Anne Kauranen and Humeyra Pamuk HELSINKI/WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Friday warned against any peace initiatives that could help legitimize Russia’s seizure of Ukrainian territory, saying a “just and durable” peace effort should address accountability and reconstruction. Delivering what U.S. officials described as a highlight speech that lays…
By Fatos Bytyci PRISTINA (Reuters) – Kosovo opposition parties on Friday blamed Prime Minister Albin Kurti for worsening relations with Western allies over violence in the north in which NATO peacekeepers were injured, and they called for a no-confidence motion against the government. Unrest intensified in the area after elections in April that were boycotted…
LONDON (Reuters) – Torsten Schoeneborn, global co-head of electronic equities and portfolio trading at BNP Paribas, is leaving the firm for another bank, two sources with knowledge of the matter told Reuters on Friday. Schoeneborn did not immediately respond to a request for comment on LinkedIn. Reuters was not immediately able to confirm where he…
