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European private credit rebounds to levels last seen in mid-2022, says Deloitte
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Analysis-Euro zone bond markets mimic Treasuries, pushing correlations to record
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Malaysia’s Capital A aims to raise $400 million equity from AirAsia merger
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Renault unveils new R5 as it taps past success for electric future
EU carbon border tax will do little to cut emissions, ADB study says
Date: February 26, 2024
EU carbon border tax will do little to cut emissions, ADB study says By David Stanway SINGAPORE (Reuters) -A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report...
Facing Chinese EV rivals, Europe’s automakers squeeze suppliers on costs
Date: February 26, 2024
Facing Chinese EV rivals, Europe’s automakers squeeze suppliers on costs By Nick Carey LONDON (Reuters) -Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big question is...
Marketmind: Markets brace for inflation trifecta
Date: February 26, 2024
Marketmind: Markets brace for inflation trifecta A look at the day ahead in European and global markets from Wayne Cole It’s all about inflation this week with markets pricing in upside risk for the core U.S. reading, and a downside chance for European and Japanese consumer prices. The Federal Reserve’s favoured core measure of personal...
UK job vacancies fall 15% year-on-year in January, Adzuna data shows
Date: February 26, 2024
UK job vacancies fall 15% year-on-year in January, Adzuna data shows LONDON (Reuters) – British employers advertised the fewest jobs in nearly three years last month, with numbers down 15% from a year ago, figures from recruitment data company Adzuna showed on Monday, adding to signs that the labour market is cooling. Last week Bank...
Infineon bets on AI boom to spur more lucrative chip sales
Date: February 23, 2024
Infineon bets on AI boom to spur more lucrative chip sales FRANKFURT (Reuters) – Germany’s Infineon is banking on a boom in artificial intelligence (AI) to generate billions in revenue and drive future growth by selling higher price chips, CEO Jochen Hanebeck said on Friday. “Conventional servers contain power semiconductors worth between $65-80. In an...
ABB picks electrification chief Wierod as CEO
Date: February 23, 2024
ABB picks electrification chief Wierod as CEO ZURICH (Reuters) -ABB appointed Morten Wierod as chief executive on Friday, replacing Bjorn Rosengren who led an overhaul of the Swiss engineering company and will retire at the end of the year. Wierod, head of ABB’s electrification business, will replace Rosengren, effective Aug. 1, the Zurich-based company said....