Credit Suisse Group rating downgraded by S&P
ZURICH (Reuters) -Credit Suisse Group AG’s credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow fo..
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Factbox-COVID-hit Chinese cities seek exit from painful lockdown
By Roxanne Liu and Ryan Woo (Reuters) – Plans by COVID-hit Chinese cities to exit or avoid lockdown are more fraught and uncerta..
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Ukraine begins first war crimes trial of Russian soldier
By Pavel Polityuk and Tom Balmforth KYIV (Reuters) -A Ukrainian court held a preliminary hearing on Friday in the first war crimes tri..
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Barclays warns of sub-parity euro, 5 ppt GDP hit if Russia turns off gas taps
By Marc Jones LONDON (Reuters) – Analysts at Barclays have warned of a 5 percentage point hit to euro zone GDP and a dive below ..
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Soccer-Nike ends sponsorship deal with Spartak Moscow
(Reuters) -Nike has terminated its sponsorship deal with Russian Premier League club Spartak Moscow because they will not be taking pa..
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Battered sterling gets respite but set for weekly fall vs dollar
By Lucy Raitano LONDON (Reuters) – Britain’s pound edged up against the dollar on Friday, offering some respite from a wee..
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London stocks recover; set for weekly drop as slowdown, inflation fears linger
By Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 recouped losses on Friday towards the end of a volatile week, led by defensive ..
Wealth Creation
European stocks find support at end of volatile week
(Reuters) -European shares rose on Friday, as sentiment stabilised at the end of a volatile week dominated by worries about aggressive..
Finance
Spain April final CPI 8.3% y/y vs 9.8% in March
(Reuters) -Spanish national consumer prices rose 8.3% year-on-year in April, according to data from the National Statistics Institute ..
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Germany promises G7 show of unity against Russia as ministers meet
By Alexander Ratz and John Irish WEISSENHAUS, Germany (Reuters) – Foreign ministers from the G7 group of rich nations aim to giv..
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Explainer-How N.Korea’s COVID-19 outbreak could ignite a major health crisis
By Soo-hyang Choi and Josh Smith SEOUL (Reuters) – North Korea’s admission that it is battling an “explosive” ..
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Analysis: Traders ready for wilder swings as rate rises stoke volatility
By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia LONDON/NEW YORK (Reuters) – Traders in the world’s largest mar..
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AllianceBernstein Adds New AI-Powered Investment Capability
AB bolsters Natural Language Processing investing capabilities London, United Kingdom, [May 4, 2022] – AllianceBernstein ..
Business
AXA, Unilever to join new 1 billion euro regenerative agriculture fund
ZURICH (Reuters) – Insurer Axa and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro..
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ECB firms up expectations for July interest rate hike
LJUBLJANA (Reuters) – The European Central Bank has firmed up expectations that it will raise its benchmark interest rate in Jul..
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Nearly 5 million jobs lost in Ukraine as war pummels economy – ILO
LONDON (Reuters) – Around 4.8 million jobs have been lost in Ukraine since the start of the Russian invasion in February, as the..
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Shares drop, yields shoot up after U.S. inflation data
By Danilo Masoni MILAN (Reuters) – World shares turned lower on Wednesday and bond yields shot up after U.S. data showed inflati..
Finance
Dollar moves off lows on heels of inflation data
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar moved sharply off its lows on Wednesday and briefly turned positive on the ..
Finance
Ukraine pushes Russian forces back, restricts gas flow to Europe
By Pavel Polityuk and Jonathan Landay KYIV/VILHIVKA, Ukraine (Reuters) -Ukrainian forces reported battlefield gains on Wednesday in a ..
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Factbox-Potential bidders in Norway’s first offshore wind tender
By Nora Buli OSLO (Reuters) – Norway has earmarked two areas in the North Sea to accommodate up to 4.5 gigawatt (GW) of floating..
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QR Code Payments to Reach $3 Trillion Globally by 2025, with Integrated Loyalty Schemes Driving Market Value
Basingstoke, UK – 9th May 2022: A new study from Juniper Research has predicted that the global spend using QR code payments will reac..
Finance
SHARE BUYBACKS LIKE BP’S SET TO GENERATE EUROPE EQUITY OUTPERFORMANCE VERSUS US SAYS THE GROUP OF BOUTIQUE FUND MANAGERS (GBAM)
5th May 2022:The compounding effects of share buybacks, since the 1980s, have been identified as the critical factor enabling t..
Finance
What it means to be wealthy
You can’t argue that this new decade has been a challenge no matter where you are in the world. From health crisis, – men..
Wealth Creation
Wall Street set to open higher, oil prices extend losses
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again ..
Finance
Explainer-What will a Marcos presidency in the Philippines look like?
By Martin Petty (Reuters) – Ferdinand Marcos Jr has swept an election in the Philippines and will begin a six-year term as presi..
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Tesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID
By David Stanway and Martin Quin Pollard SHANGHAI/BEIJING (Reuters) -Tesla operated its Shanghai plant well below capacity on Tuesday,..
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Factbox-UK government sets out priorities in Queen’s speech
LONDON (Reuters) – British Prime Minister Boris Johnson hopes to reset his government on Tuesday with plans aimed at winning bac..
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For some European states, rising debt costs rekindle 2011 crisis memories
By Dhara Ranasinghe LONDON (Reuters) – The rise in European bond yields is alarming some economists, who warn that Italy and Gre..
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Cryptoverse: Buying the dip? Bitcoin’s a rates rookie
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin has scant experience with rising interest rates, posing perils for..
Finance
Nintendo announces 10-1 stock split; sees Switch sales falling 9%
By Sam Nussey TOKYO (Reuters) – Japan’s Nintendo Co Ltd on Tuesday made a play for the hearts of retail investors, announc..
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European stocks make tentative gains amid global growth worries
(Reuters) -European stocks rose from two-month lows on Tuesday, as bargain hunters returned to buy beaten-down shares following a brui..
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EV maker Lucid to launch luxury sedans in Europe in late 2022
(Reuters) – Electric carmaker Lucid Group plans to launch luxury sedans in Europe later this year, as the Tesla rival aims to ex..
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On possible nuclear strike, Russia says: it’s all in our military doctrine
LONDON (Reuters) – Asked if Russia would rule out a preemptive tactical nuclear strike on Ukraine, Russia’s deputy foreign..
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Analysis: Deal-making frenzy comes to London’s West End
By Iain Withers and Andres Gonzalez LONDON (Reuters) – The exclusive cadre of landlords that run London’s bustling West En..
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Stocks slide on growth fears, oil tumbles
By Sinéad Carew NEW YORK (Reuters) – Stock indexes around the world fell sharply on Monday and the dollar reversed course after ..
Finance
Marcos, son of strongman, triumphs in Philippines presidential election
By Karen Lema and Neil Jerome Morales MANILA, (Reuters) -Ferdinand Marcos Jr clinched a stunning runaway victory in the Philippines..
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Exclusive-Germany prepares crisis plan for abrupt end to Russian gas – sources
By John O’Donnell BERLIN (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies wi..
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