(Reuters) -Diageo on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie…
(Reuters) – Chindata Group said on Wednesday that investor Bain Capital has offered to take the Chinese data center operator private in a deal valuing the company at $2.93 billion. Chindata’s shares, which have lost more than a fifth of their value this year, rose about 12% in trading before the bell. Bain Capital’s proposal…
By Clare Jim and Paul Sandle HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone jumped 3% on the news on Wednesday. Vodafone will own…
By Shreyashi Sanyal (Reuters) -Madrid stocks rose on Wednesday after Zara-owner Inditex’s strong quarterly showing, while its other European peers lagged as luxury companies dipped on weak China trade data. The pan-European STOXX 600 index edged 0.2% lower, while Spain’s IBEX 35 index gained 0.3%, in the first hour of trading. Inditex rose 5.6% after…
By Leigh Thomas PARIS (Reuters) -Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The world economy is set to grow 2.7% this year,…
By Suban Abdulla LONDON (Reuters) -British house prices dropped on an annual basis in May for the first time in 11 years, mortgage lender Halifax said on Wednesday, as an increase in mortgage rates from the country’s largest provider comes into effect. The average property price fell 1.0% compared with May last year, the first…
By Rae Wee SINGAPORE (Reuters) – The dollar wobbled on Wednesday as expectations of a rate hike by the Federal Reserve next week receded, though currency moves were subdued as traders contemplated whether an end to the global monetary policy tightening cycle was near. The Aussie scaled a fresh three-week high in the wake of…
TOKYO (Reuters) – Goldman Sachs Group plans to establish a desk in Tokyo to start trading Japanese power derivatives, two people familiar with the matter told Reuters on Wednesday. More foreign energy companies and banks are seeking access to the Japanese power market, which was launched in 2016 in the wake of the Fukushima nuclear…
BEIJING (Reuters) – China’s exports fell a much faster than expected 7.5% in May year-on-year, while imports contracted at a slower pace, dropping 4.5%, customs data showed on Wednesday. A Reuters poll of economists had forecast exports to have shrunk 0.4% and imports to have fallen 8.0%. Having beaten expectations in the first quarter, analysts…
By Xie Yu HONG KONG (Reuters) – Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.7% in the morning. China’s benchmark equity index rose 0.3%, while Hong Kong’s Hang Seng added 1.2%….
