Investing
Investing
German Bonds Rally as Investors Seek Safe Haven After Ukraine Invasion
Investing
Boots in Store for $10-billion Sale as Bid Deadline Looms
Investing
Explainer-Why Europe’s Mobile Telecom Market Is Ripe for Consolidation
Investing
Barclays Boosts Investor Payouts After Record Annual Profit
Finland’s Stora Eyes Billion-Euro Investment in Plastic-Free Packaging
Date: February 24, 2022
By Anne Kauranen HELSINKI (Reuters) – Finland’s Stora Enso is considering an investment of up to 1 billion euros ($1.13 billion) to produce more consumer packaging board as customers increasingly seek renewable materials over plastic, the forestry company said on Wednesday. It said customers such as food group Nestle or online fashion retailer Zalando are responding...
Stocks Regroup as Investors Hold Their Breath on Ukraine
Date: February 23, 2022
By Tom Westbrook SINGAPORE (Reuters) – Asian stocks steadied on Wednesday and demand for safe-havens waned a little as investors regarded Russian troop movements near Ukraine and initial Western sanctions as leaving room to avoid a war, while a rate hike lifted New Zealand’s dollar. Commodity prices remain elevated, however, and traders are still nervous over...
Britain to Unlock ‘billions of Pounds’ by Easing Insurance Capital Rules
Date: February 22, 2022
By Huw Jones LONDON (Reuters) – Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The six-year old ‘Solvency II’ capital requirements were inherited from the European Union when Britain left the bloc’s orbit at the end...
Germany’s Uniper Cuts Dividend by 95% to Help Weather Volatility
Date: February 22, 2022
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -German utility Uniper proposed a 95% year-on-year dividend cut to preserve cash on Monday, pointing to energy price swings and risks for the gas market should Russia invade Ukraine. The cut comes after Uniper last month secured credit facilities worth up to 10 billion euros ($11.36 billion)...
Siemens Energy top-10 Investor Urges Management to Buy Siemens Gamesa
Date: February 22, 2022
FRANKFURT (Reuters) – Siemens Energy should buy the rest of wind turbine maker Siemens Gamesa to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday. The comments from Ingo Speich, head of sustainability and corporate governance at Deka Investment, raise pressure...
Britain to Raise Nigerian Renewable, Climate Change Investments
Date: February 22, 2022
By Camillus Eboh ABUJA (Reuters) – Britain plans to boost investments in renewable and climate change projects in Nigeria and will provide 10 million pounds ($13.6 million) of support, Minister for Africa Vicky Ford said on her first trip to the country. Power demand in Nigeria vastly outstrips supply, meaning its 200 million inhabitants must either...