By Tom Wilson and Wayne Cole LONDON/SYDNEY (Reuters) – Shares across the world fell on Monday as the prospect of a Russian attack on Ukraine quashed demand for riskier assets, bolstering the dollar, buoying oil and bruising bitcoin. The U.S. State Department said on Sunday it was ordering diplomats’ family members to leave Ukraine in…
LONDON (Reuters) – The euro zone economic recovery weakened further this month as renewed restrictions imposed to contain the Omicron coronavirus variant put another dent in bloc’s dominant services activity and as prices continued to soar, a survey showed on Monday. With the variant sweeping across Europe governments have been encouraging citizens to stay home…
(Reuters) -Unilever’s shares rose 5% on Monday following reports activist investor Nelson Peltz has built a stake in the consumer goods maker, as its strategy comes under scrutiny after a short-lived pursuit of GSK’s consumer healthcare arm. Peltz’s activist hedge fund, Trian Partners, has built an unspecified stake in Unilever, a person familiar with the…
LONDON (Reuters) -Advertising giant M&C Saatchi has rejected a fresh takeover offer from the acquisition vehicle of its top shareholder Vin Murria. Murria’s AdvancedAdvT said on Monday that it had proposed to offer 2.245 of its shares for each M&C Saatchi share, representing a 20.7% increase on its previous proposal, but that the agency’s independent…
AMSTERDAM (Reuters) -Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months. Philips earlier this month warned that supply chain woes would hit profit and a…
AMSTERDAM (Reuters) – Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortages of parts is likely to persist in the coming months. Philips earlier this month warned supply chain woes would hit profits and a…
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking a boom in “quick commerce”, but heating up concerns about road safety as bike riders scramble to meet tight deadlines. Competition is already intense in India’s $600-billion grocery retailing industry,…
TOKYO (AP) — Asian shares skidded Tuesday following a volatile day on Wall Street. Inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine are overhanging markets. Japan’s benchmark Nikkei 225 slipped 2.0% in morning trading to 27,027.23. Australia’s S&P/ASX 200 dropped 2.3% to 6,972.10. South Korea’s Kospi lost 2.1%…
SINGAPORE (Reuters) – Singapore’s key price gauge climbed in December by its fastest pace in nearly eight years, exceeding economist forecasts, driven by a steep increase in air fares, official data showed on Monday. The core inflation rate — the central bank’s favoured price measure – rose to 2.1% in December on a year-on-year basis,…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years. Adding to the caution were concerns about a possible Russian attack…
