Auteur : Ambre

Risk of no-deal Brexit is building – Irish finance minister

DUBLIN, May 23 () – The risk that Britain leaves the European Union without an exit deal is increasing, Ireland’s Finance Minister Paschal Donohoe said on Thursday. “I still believe it is very much possible for an agreement to be reached … but we can all see, and we are all aware of, the strain

UPDATE 2-Deutsche Bank CEO readies investment bank cuts as stock hits low

FRANKFURT () – Deutsche Bank’s chief executive is prepared to make “tough cutbacks” in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive. CEO Christian Sewing delivers a speech during the annual shareholder meeting of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany,

UPDATE 2-Brexit, May pressures squeeze British stocks

* FTSE 100 down 1.1%, FTSE 250 down 1.4% * TUI, airlines falls after Barclays ‘staycation’ study * Serco surges after deal to buy U.S. defence supplier (Adds analyst comment, updates share prices) By Shashwat Awasthi and Yadarisa Shabong May 23 () – Heightened concerns over the course of Brexit and mounting pressure on Prime

Retailer Casino’s shares slump as Rallye’s stock gets suspended

PARIS, May 23 () – Shares in indebted French supermarket retailer Casino slumped on Thursday, as trading in the shares of Casino’s parent company Rallye were suspended. Casino shares were down 6.1 percent by 0825 GMT. A spokesman for Casino said Rallye would make a statement later on, but declined to provide further details. Casino,

Deutsche Bank CEO ready for « tough cutbacks » at investment bank

FRANKFURT, May 23 () – Deutsche Bank’s chief executive on Thursday said that he was ready to make “tough cutbacks” to the lender’s investment bank. “We will accelerate transformation by rigorously focusing our bank on profitable and growing businesses which are particularly relevant to our clients,” Chief Executive Officer Christian Sewing told shareholders. “So I

Qatar stock exchange looks to new ETFs to attract more foreign cash

DOHA, May 23 () – Qatar’s stock exchange is developing two new Exchange Traded Funds, part of efforts by the Middle East’s strongest performing stock market in 2018 to boost foreign investment, CEO Rashid al-Mansoori said. Qatar has been on a drive to attract capital from new sources since Saudi Arabia, the United Emirates, Bahrain,

UK employers stick to 2.5% pay deals in April – XpertHR

FILE PHOTO: A general view of the Canary Wharf financial district in London, Britain October 24, 2017. /Kevin Coombs/File PhotoLONDON () – British employers offered staff pay rises averaging 2.5% as part of wage settlements in the three months to April, industry data showed on Thursday, matching the trend seen earlier in 2019. Human resources

WRAPUP 1-Indian PM Modi sweeps to « massive » election win, party says

NEW DELHI/KOLKATA () – Indian Prime Minister Narendra Modi has swept to a huge election victory, his foreign minister said on Thursday, giving his party a mandate to pursue policies that put Hindus first, are mainly business-friendly and take a hard line on national security. BJP supporters celebrate after learning the initial election results outside

UPDATE 4-India’s PM Modi wins historic general election victory, party says

NEW DELHI/KOLKATA () – Prime Minister Narendra Modi’s Hindu-nationalist party scored a historic victory in India’s general election, his foreign minister said on Thursday, as officials counted hundreds of millions of votes after the massive, multi-stage poll. BJP supporters celebrate after learning the initial election results outside the party headquarters in New Delhi, India, May

LondonMetric to buy A&J Mucklow in $524 mln deal

May 23 () – Warehouse owner LondonMetric Property said on Thursday it had agreed to buy real estate investment trust A & J Mucklow in a cash and stock deal that values the Midlands-based peer at 414.7 million pounds ($524.22 million). Under the terms of the deal, Mucklow shareholders will be entitled to receive 2.19

Investment platform AJ Bell’s profit surges on customer growth

May 23 () – Investment platform AJ Bell Plc reported higher first-half pretax profit on Thursday as it signed up more customers and managed assets rose. AJ Bell, which was founded in 1995 using 10,000 pounds in personal loans in a small office in Manchester, said pretax profit rose 27% to 17.7 million pounds ($22.38

REFILE-UPDATE 3-India’s PM Modi set to sweep to general election victory

NEW DELHI/KOLKATA () – Prime Minister Narendra Modi’s party is set for a historic victory as India began counting on Thursday hundreds of millions of votes from its general election, according to data from the Election Commission. Supporters of Bharatiya Janata Party (BJP) celebrate after learning of initial poll results in Ahmedabad, India, May 23,

Deutsche Bank investors meet amid questions on strategy, leadership

FILE PHOTO: The headquarters of Germany’s Deutsche Bank are photographed early evening in Frankfurt, Germany, January 31, 2017. /Kai PfaffenbachFRANKFURT () – Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank’s strategy and leadership just days after shares hit a record

SE Asia Stocks-Most decline as tech war amplifies Sino-U.S. tension

* Singapore hits over 4-mth low; April inflation data due * Indonesia up 1.5%; post-election protesters disperse By Niyati Shetty May 23 () – Most Southeast Asian stock markets declined on Thursday, amid continued Sino-U.S. trade tensions, while an escalating technology cold war between the nations piled on. on Wednesday reported that the U.S. administration

Rihanna launches new fashion brand in Paris with LVMH

PARIS () – Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world. FILE PHOTO: Cast member Rihanna poses for pictures as she arrives

Australia shares slip on rising Sino-U.S. trade tensions, NZ up

* Most major sectors fall, financials shed over 1% * Markets tread water amid ratcheting trade tensions By Rashmi Ashok May 23 () – Australian shares slipped on Thursday, with the mining and financial sectors leading declines, tracking global market moves as trade tensions spiked on reports the United States was considering curbs on a

UPDATE 2-Brazil’s president wins, justice minister loses in Congress

BRASILIA () – Brazilian President Jair Bolsonaro surmounted a crucial hurdle for his young government on Wednesday by winning approval from disgruntled lower house lawmakers for his move to reorganize the country’s executive branch. A general view of the plenary chamber of deputies during a session in Brasilia, Brazil May 22, 2019. /Adriano MachadoBut lawmakers

Ikea says it will open first Mexico store in 2020

FILE PHOTO: The logo of IKEA is seen above a store in Voesendorf, Austria, April 24, 2017. /Heinz-Peter Bader/File PhotoMEXICO CITY () – IKEA, the world’s largest furniture retailer, will open its first store in Mexico in the fall of 2020, the company said on Wednesday, as the furniture retailer expands in Latin America to

UPDATE 4-Natura agrees to buy Avon, creating cosmetics powerhouse

SAO PAULO () – Brazil’s Natura SA said on Wednesday it had reached an agreement to buy rival Avon Products Inc via a share swap, creating the world’s fourth-largest beauty company with a redoubled focus on direct sales. FILE PHOTO: The Avon Products headquarters is seen in midtown Manhattan area of New York, June 21,

U.S. Fed may tweak key ‘reverse repo’ rate -minutes

NEW YORK () – The Federal Reserve may consider tweaking how much it pays mortgage agencies, money market funds and other non-banks in certain Treasury-backed transactions, the U.S. central bank’s minutes released on Wednesday showed. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. /Chris Wattie/File Photo/File PhotoThe minutes

Foreign funds loosen bearish bet on big Italian banks

MILAN () – Funds that built big short positions in Italy’s leading banks from early 2018 have lowered the size of their bets in the last few months as political worries eased, regulatory data shows. Despite a looming budget showdown between Rome and Brussels, a analysis of data from Italian market regulator Consob shows that