By Andrew Mills DOHA (Reuters) -Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this very unusual…
By Clara Denina and Helen Reid LONDON (Reuters) – Mining firms lag far behind other sectors on female representation in top leadership, data released on Tuesday showed. S&P Global Commodity Insights’ figures highlight the industry’s struggle to improve gender equity, with women filling just 12.1% of the highest-ranking executive positions across more than 2,000 publicly-listed…
LONDON (Reuters) -Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British bank said on Tuesday, the latest in a series of high-profile hires to its New-York investment banking operations. The bank also said it had appointed Ronnie Wexler as global head of equities distribution. McDavid will…
LONDON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world economy would not have to wait until the 11th hour for a solution on the U.S. debt ceiling. White House and congressional Republican negotiators are seeking to resolve a months-long impasse over raising the U.S. government’s $31.4 trillion…
By William Schomberg and Andy Bruce LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British central bank had “very big lessons to learn”, with inflation still in double digits and food prices rising at the fastest rate since the 1970s. Bailey and other top BoE officials faced two hours of often…
By Danilo Masoni and Lucy Raitano MILAN/LONDON (Reuters) – Concerns over recession and sticky inflation will weigh on European shares over the coming months but fading policy headwinds could see the main benchmarks reach new highs next year, a Reuters poll found. Fund managers and strategists surveyed over May 10-23 forecast the region-wide STOXX Europe…
A look at the day ahead in U.S. and global markets from Mike Dolan Amid all the hand-wringing over the debt ceiling row and background banking anxiety, the U.S. economy is holding up well enough to embolden Federal Reserve hawks once again. Assumptions about first-quarter and full-year S&P500 aggregate earnings contractions are being revised away…
By William Schomberg LONDON (Reuters) – Companies in Britain’s services sector increased prices at a rapid pace in May as they saw another month of strong demand, according to a survey that could add to the Bank of England’s worries about the persistence of high inflation. Measures of inflation for services firms’ costs and their…
By James Davey LONDON (Reuters) – British grocery inflation eased slightly for the second month in a row in May but remained close to record highs, industry data showed on Tuesday, providing little comfort for consumers grappling with a cost-of-living crisis. Market researcher Kantar said annual grocery inflation was 17.2% in the four weeks to…
By Joe Cash BEIJING (Reuters) -A majority of British companies are taking a “wait and see approach” on new investments in China amid their pessimism hitting record levels, according to the British Chamber of Commerce in China. Increasingly strained geopolitical relationships, a slowing global economy, growing talk of self-sufficiency, and shifting investor perceptions were the…
