By Steve Holland and Gerhard Mey LONDON/WINDSOR, England (Reuters) -U.S. President Joe Biden made a whistle-stop trip to Britain on Monday, hailing the “rock-solid” friendship with Washington’s close ally before meeting King Charles for a discussion with the monarch and finance chiefs on tackling climate change. Biden’s visit to Britain kicked off a three-nation trip…
(Reuters) – UK-based Revolution Beauty said on Monday it could reach a settlement with top shareholder Boohoo over board changes in the coming days, after the beauty products retailer said it will hold a general meeting on Aug. 7. British online fashion retailer Boohoo had in late June urged the company to call for a…
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares inched higher on Monday with the travel & leisure sector leading gains, helping to limit the impact of weak inflation data from China that highlighted sluggish demand in the world’s second-largest economy. The pan-European STOXX 600 index ended 0.2% higher after recording its worst weekly performance…
By Marc Jones LONDON (Reuters) -The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin “miners” to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back…
TORONTO (Reuters) – Canada’s finance ministry has extended the consultation period for Royal Bank of Canada’s $13.5 billion proposed acquisition of HSBC’s Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email. The Finance Department said the technical issue has now been resolved and stakeholders…
By Simon Jessop LONDON (Reuters) – Sustainability-focused asset manager LeapFrog Investments said it plans to invest $500 million in companies addressing climate change in Asia and Africa, with projects it hopes will reach up to 50 million low-income people. The commitment was announced at the Climate Finance Mobilisation Forum in Britain on Monday, attended by…
DUBAI (Reuters) – An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the Gulf by trying to interfere when Iran intercepted a ship last week. “On July 6th, Revolutionary Guards’ Navy personnel were inspecting a ship with the name NADA 2 that was involved in smuggling Iranian oil…
A look at the day ahead in U.S. and global markets from Mike Dolan Last week’s bond market storm calmed somewhat on Monday, but the interest rate horizon now relies heavily on evidence of more disinflation given economic activity and the labor market are holding up so well. With Wednesday’s U.S. consumer price report expected…
(Reuters) -Trade tensions between Washington and Beijing are riding high while U.S. inflation data will inform the Federal Reserve’s next move and rate setters in New Zealand and Canada meet. Here’s a look at the week ahead in markets from Lewis Krauskopf and Nupur Anand in New York, Li Gu in Shanghai, Kevin Buckland in…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole China’s inflation data for June surprised on the downside, with consumer prices slipping 0.2% on the month to leave annual CPI dead flat. Producer prices fell 5.4% on the year, the sharpest decline since late 2015. On the face…