A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone for world markets on Monday after a bumper week of U.S. disinflation news was capped with impressive bank results and rising consumer confidence. In what was read as another underwhelming collection of macro updates, China…
By Oliver Hirt ZURICH (Reuters) – UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors it increasingly looks like a good deal for Switzerland’s biggest bank. Since UBS bought Credit Suisse in a 3 billion Swiss franc…
KYIV (Reuters) – Ukrainian forces have taken back nearly 18 square km (7 square miles) of territory in the east and the south in the past week in their counteroffensive against Russian forces, a senior defence official said on Monday. The advances brought the territory recaptured so far during the counteroffensive to more than 210…
By Sabine Siebold BERLIN (Reuters) – Germany is confident it will have the best equipped army division amongst European NATO allies in 2025, Army Chief Alfons Mais told Reuters, as countries are scrambling to gear up their troops in the wake of Russia’s invasion of Ukraine. At the moment, Berlin does not have a single…
By Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday. The FSB published on Monday final recommendations requested by the G20 on supervising firms that…
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain rose to 40, including a dozen people found dead in a submerged underpass. Deluges have pummelled central and southern regions since Thursday as the rainy…
KUALA LUMPUR (Reuters) -Swiss watchmaker Swatch Group has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that celebrate LGBT rights, in an act the company says has damaged its reputation. Homosexuality is a crime in Muslim-majority Malaysia, and rights groups have warned of growing intolerance against the country’s lesbian, gay, bisexual, transgender…
By Enrique Anarte MADRID (Thomson Reuters Foundation) – The rights of gay, lesbian, bisexual and transgender people have taken centre stage ahead of Spain’s July 23 national election. Opinion polls predict Alberto Nunez Feijoo’s conservative People’s Party (PP) will win the election after four years of coalition government by Prime Minister Pedro Sanchez’s Socialists and…
(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…
