PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels needed to get inflation headed to a 2% target, ECB policymaker Francois Villeroy de Galhau said on Wednesday. “Due to monetary lags, length is more important than level,” Villeroy, who…
(Reuters) – Activist investor Blackwells Capital on Wednesday urged cell-tower operator IHS Holding Ltd to overhaul the company’s board by appointing new independent directors in a bid to offer more transparency to shareholders. Blackwells, a long-term shareholder of IHS, said that the IHS management has “no serious focus” and that its performance “does not remotely…
By Felix Light and Filipp Lebedev TBILISI (Reuters) – The Wagner Group mercenaries who seized the Russian city of Rostov-on-Don on Saturday in a failed mutiny included at least three convicted criminals, a Reuters review of facial recognition software, court records and social media showed. Almost all of the fighters who took part in the…
(Reuters) – Shares of AI-focused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing an unusually concentrated rally in a handful of technology stocks. It said the extent of the concentration of gains on the S&P 500 surpassed levels seen in the 2000s…
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares climbed on Wednesday after robust U.S. data overnight soothed concerns about a steep economic slowdown, even as ECB President Christine Lagarde warned that the central bank was still not seeing enough evidence of an inflation cool-down. The pan-European STOXX 600 index closed…
By Jonathan Landay WASHINGTON (Reuters) – Solid majorities of Americans support providing weaponry to Ukraine to defend itself against Russia and believe that such aid demonstrates to China and other U.S. rivals a will to protect U.S. interests and allies, according to a Reuters/Ipsos survey. The two-day poll that was concluded on Tuesday charted a…
By Johan Ahlander and Sameer Manekar LONDON (Reuters) -Zeekr, Geely Automobile’s electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing number of Chinese EV makers launching vehicles in Europe. Deliveries for the Zeekr 001 estate and the Zeekr X SUV…
By Phil Stewart, Idrees Ali WASHINGTON (Reuters) -The United States is examining how the Wagner Group’s short-lived mutiny against Russia’s military establishment might affect the mercenaries’ operations in the Middle East and Africa, officials said. Wagner leader Yevgeny Prigozhin startled the world by leading an armed revolt on Saturday that brought his fighters from the…
(Reuters) -Russian mercenary leader Yevgeny Prigozhin flew into exile in Belarus on Tuesday under a deal that ended a brief mutiny by his fighters, as President Vladimir Putin praised his armed forces for averting a civil war. A plane linked to Prigozhin was shown on a flight tracking service taking off from the southern Russian…
By Andrew Osborn LONDON (Reuters) -Belarusian leader Alexander Lukashenko is usually the one thanking Russia’s Vladimir Putin or asking him for a favour – be it a loan, cheap gas, help in navigating protests or tactical nuclear weapons. This time, the shoe is on the other foot. While the full extent of Lukashenko’s role in…
