(Reuters) -France’s Vinci reported a jump in its half-year profit on Friday, driven by strong energy transition trends and air travel recovery. Europe’s biggest construction and concessions company benefits from higher traffic at its airports and renewable energy investments in non-residential construction. “The Energy business, which is being driven by powerful megatrends related to the…
(Reuters) – Ukrainian forces pressed their counteroffensive through the Russian-occupied southeast on Thursday, capturing the village of Staromaiorske in a campaign to drive a wedge through Russian defensive positions. The counteroffensive has focused on securing villages on the southward push and areas around the eastern city of Bakhmut, taken by Russian forces in May after…
By Joice Alves LONDON (Reuters) – European stocks may manage to emerge from this earnings season in the black, despite China’s faltering economy and persistent global inflation, as expectations are so low that investors are likely to warmly welcome any positive surprises. But there are fewer of those than usual. About a sixth of the…
By Kevin Buckland TOKYO (Reuters) – Japan’s benchmark bond yield soared to a nine-year high and the yen rallied after the Bank of Japan’s decision on Friday to conduct its yield curve control (YCC) policy more flexibly. The BOJ maintained guidance allowing the 10-year yield to move 0.5% around the 0% target, but said those…
By Pablo Mayo Cerqueiro and Jason Hovet LONDON (Reuters) -Draslovka, the world’s largest producer of sodium cyanide, has been sounding out banks to manage a possible stock market listing as early as next year, three people familiar with the matter told Reuters. The privately-held Czech group is selecting underwriters for an initial public offering (IPO)…
(Reuters) – Consumer goods giant Unilever said on Friday it has appointed Ian Meakins as its chair designate, replacing current Chairman Nils Andersen. Meakins, chairman of the Compass Group, will join the board and take the position of chair designate on Sept. 1, and join as the company’s chairman on Dec. 1, according to a…
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a fourth straight month in July, a Reuters poll showed on Friday, reinforcing the need for further policy support to boost domestic demand amid a “tortuous” economic recovery. The official purchasing managers’ index (PMI) is expected to have edged up to 49.2 in…
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will hike interest rates once more by a quarter percentage point on Tuesday and pause for the rest of the year as inflation is still running well above the target, according to a slim majority of economists in a Reuters poll. Although the RBA…
HONG KONG (Reuters) – Chinese property developers Dalian Wanda Group and Vanke have reached a settlement over a dispute related to a mega-project in the northern part of the country, a Wanda company official said on Friday. The official confirmed a China Securities Journal report, which also said court orders to freeze Wanda’s 1.9 billion…
A look at the day ahead in European and global markets from Vidya Ranganathan The Bank of Japan decided to bend its long-running yield control policy on Friday, just days after the Fed opted to be non-committal on the future path of rates and the ECB hinted at pauses. The BOJ maintained its guidance allowing…
