STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company’s preparation for an initial public offering. The company, a rival of Uber, was valued at over $8 billion when it raised 628 million euros from investors in January last year. Chief Executive Officer…
By Tim Hepher PARIS (Reuters) – Airbus deliveries increased by 6% in the first half of the year to reach 316 aircraft, industry sources said on Thursday. The European planemaker delivered 72 planes in June, up 20% from 60 in the same month last year and up from 63 in May this year, they added….
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to end-June, dragging the sector into a rare net outflow for a first half of the year, data showed. Outflows were driven by economic and regulatory…
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have boosted carry trades, a Reuters poll found on Thursday. The June 30-July 5 poll of 52 currency strategists found as long as most…
A look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish credentials overnight and Janet Yellen started a trip to China just as Beijing restricts chip-making metal exports. APAC investors clearly took notice, sending stocks sliding…
(Reuters) – Both Russian and Ukrainian forces have used cluster munitions that have killed Ukrainian civilians, Human Rights Watch said in a report on Thursday as the U.S. weighs whether to answer the Ukraine government’s call to supply it with the weapons. Human Rights Watch, an international advocacy group, called on both Russia and Ukraine…
By Carolina Mandl NEW YORK (Reuters) -European hedge funds have rapidly cut their exposure to U.S. banks since the beginning of the year, while roughly keeping their positioning in European ones, Goldman Sachs told clients in a recent report. Overall, shares in European banks are outperforming U.S. peers as they did not face the deposit…
(Reuters) -Ukrainian President Volodymyr Zelenskiy told CNN he wanted a counteroffensive against occupying Russian forces to have started sooner than it did in June and that he had urged Western allies to quicken the supply of weapons for that mission, according to excerpts via a translator released on Wednesday. “I wanted our counteroffensive to happen…
By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. Although the greenback is still down around 0.5% against…
By Huw Jones LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to market stability and investors’ ability to withdraw money, Britain’s Financial Conduct Authority (FCA) said on Thursday. The suspension of property funds in Britain and difficulties faced by liability-driven investment funds last September have thrown a…
