LONDON (Reuters) – Microsoft’s appeal against Britain’s veto of its $69 billion deal to buy Activision Blizzard will go ahead as planned at the end of July after the Competition Appeal Tribunal (CAT) rejected the antitrust regulator’s request for a delay. The Competition and Markets Authority, which blocked the takeover in April, wanted the hearing…
STOCKHOLM (Reuters) – H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday, as one of the world’s top fashion retailers ramps up its effort to take on e-commerce rivals. Shoppers can already buy sneakers from brands including Adidas and New Balance, and clothes brands like Swedish mountaineering…
A look at the day ahead in U.S. and global markets from Mike Dolan Emboldened by still-punchy U.S. economic activity, the Federal Reserve is gradually gaining market traction with a campaign to flag two more interest rate rises this year – bolstering the dollar, particularly in Asia. And after a mixed week for chip stocks,…
(Corrects day in first paragraph to Thursday) (Reuters) – British cinema chain operator Cineworld Group said on Thursday that a U.S. court had approved its debt restructuring plan. The company, which filed for Chapter 11 protection in the U.S. last year, said it continued to expect to emerge out of bankruptcy in July. The proposed…
By John Irish, Arshad Mohammed and Parisa Hafezi PARIS/WASHINGTON/DUBAI (Reuters) -European diplomats have told Iran they plan to retain European Union ballistic missile sanctions set to expire in October under the defunct 2015 Iran nuclear deal, four sources said, a step that could provoke Iranian retaliation. The sources cited three reasons for keeping the sanctions:…
A look at the day ahead in European and global markets from Kevin Buckland The world’s biggest central banks all confirmed their policy stances from one venue on Wednesday, in the finale of the ECB’s Sintra forum. Today we see how much the inflation data backs those views up. Germany, Spain and Denmark all report…
LONDON (Reuters) – Soaring inflation has hit the finances of the British royals, pushing up expenditure, Buckingham Palace said on Thursday, as it revealed King Charles had ordered the heating in royal homes to be turned down to cut emissions. The annual Sovereign Grant report, which details the royals’ taxpayer-funded spending and income, detailed that…
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) – A three-man crew from Italy is set on Thursday to board a passenger rocket plane operated by Virgin Galactic, the venture British billionaire Richard Branson founded in 2004, for the company’s first commercial flight to the edge of space. The two…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. Powell, speaking at a European Central…
(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…
