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Thames Water pulled back from the brink after investors pump in $960 million
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UK health regulator approves GSK’s vaccine for common respiratory virus RSV
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Marketmind: China disinflation a mix of good and bad
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Analysis-Europe faces long wait for weight-loss drugs as governments eye costs
Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT
Date: July 10, 2023
Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT (Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported on Monday, citing people familiar with the matter. The French luxury group made the acquisition since flagging intentions earlier in the...
Innovation in EVs seen denting copper demand growth potential
Date: July 10, 2023
Innovation in EVs seen denting copper demand growth potential By Mai Nguyen HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say. The strong...
Biden arrives in Britain to meet King Charles, PM Sunak
Date: July 10, 2023
Biden arrives in Britain to meet King Charles, PM Sunak By Michael Holden and Steve Holland LONDON (Reuters) -U.S President Joe Biden arrived in London late on Sunday for the start of a three-nation tour that will include meetings with Prime Minister Rishi Sunak and a discussion on climate change with King Charles at Windsor...
Jaguar Land Rover expects Q1 free cash flow of over $500 million
Date: July 7, 2023
Jaguar Land Rover expects Q1 free cash flow of over $500 million (Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply constraints eased, and forecast free cash flow of over 400 million pounds (about $510 million). The British luxury car maker,...
EU and Belgium invest $1.6 billion in chip technology firm Imec
Date: July 7, 2023
EU and Belgium invest $1.6 billion in chip technology firm Imec BRUSSELS (Reuters) -The European Union and Belgium’s regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology firm Imec, the Flemish government said on Friday. Imec will use the investment to expand its “clean room” test facility with the...
Amman Mineral makes firm debut in Indonesia’s biggest IPO this year
Date: July 7, 2023
Amman Mineral makes firm debut in Indonesia’s biggest IPO this year By Bernadette Christina, Fransiska Nangoy and Yantoultra Ngui JAKARTA/SINGAPORE (Reuters) -Amman Mineral Internasional ended 3.5% higher in its stock market debut on Friday after the country’s second-largest copper and gold producer raised 10.73 trillion rupiah ($713.43 million) in Indonesia’s biggest initial public offering (IPO)...