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Dollar firm as investors await Fed guidance
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European shares end lower on rate cut jitters; Richemont shines
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Dollar mostly flat as market mulls inflation outlook
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Stocks inch up as timing of US rate cuts weighed; copper jumps
Engie Q1 profit drops on warmer winter, steady market
Date: May 17, 2024
Engie Q1 profit drops on warmer winter, steady market By America Hernandez PARIS (Reuters) – French energy company Engie said on Friday first-quarter earnings fell 3.2% as a warmer than usual winter depressed demand for natural gas and price volatility eased. The company, which produces, transports and sells gas and electricity, said earnings before interest...
Carlos Slim’s FCC to spin off and list cement and real estate unit
Date: May 17, 2024
Carlos Slim’s FCC to spin off and list cement and real estate unit MADRID (Reuters) – Mexican billionaire Carlos Slim’s Spanish unit FCC plans to spin off its cement and real estate assets into a separate business to be called Inmocemento, which would be then listed on the Madrid stock market. FCC’s board believes the...
GSK raises $1.5 billion from offloading Haleon stake at a discount
Date: May 17, 2024
GSK raises $1.5 billion from offloading Haleon stake at a discount (Reuters) – GSK has raised 1.25 billion pounds ($1.52 billion) from selling its entire remaining stake in consumer healthcare firm Haleon, the British drugmaker said on Friday. GSK sold around 385 million shares at 324 pence apiece, amounting to a 4.2% stake in Haleon....
British grocer Sainsbury’s partners with Microsoft to use AI for data insights
Date: May 17, 2024
British grocer Sainsbury’s partners with Microsoft to use AI for data insights LONDON (Reuters) – Britain’s Sainsbury’s said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company’s artificial intelligence capabilities and the supermarket group’s rich data. Seeking revenue gains and cost savings, more retailers are using generative...
Prosus, parent group Naspers name Fabricio Bloisi as new CEO
Date: May 17, 2024
Prosus, parent group Naspers name Fabricio Bloisi as new CEO (Reuters) -Dutch technology investor Prosus and its South African parent group Naspers on Friday named Fabricio Bloisi as the new chief executive, replacing long-time boss Bob van Dijk who stepped down last September. Bloisi, currently the CEO at iFood, a food delivery business in Latin...
Oil prices rise after US economic data raises rate cut expectations
Date: May 16, 2024
Oil prices rise after US economic data raises rate cut expectations By Laila Kearney NEW YORK (Reuters) -Oil futures rose on Thursday on a stabilizing U.S. job market and slower-than-expected inflation data, which increased expectations that the Federal Reserve would begin to cut interest rates in the fall. Brent crude futures were up 50 cents...