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Davos 2023: What you need to know about the WEF on Monday
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ECB can cut carbon footprint by shedding bonds of biggest polluters
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Britain’s Sainsbury’s partners with Just Eat for home delivery
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Asking prices for UK homes rise after “mini-budget” shock – Rightmove
UK’s M&S plans to open 20 new stores in Britain – The Times
Date: January 16, 2023
(Reuters) -British retailer Marks & Spencer (M&S) plans to open 20 new stores creating 3,400 jobs throughout Britain, The Times reported on Monday. The 138-year old clothing and food group will open eight “full-line” stores in shopping centres such as the Bullring, Birmingham, and the Trafford Centre, Manchester, as well in as retail parks and...
IMF says fragmentation could cost global economy up to 7% of GDP
Date: January 16, 2023
WASHINGTON (Reuters) – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report. Tne IMF said even limited fragmentation...
Spain’s BBVA sees significant rise in 2022 dividend, Chairman says
Date: January 16, 2023
MADRID (Reuters) – Spain’s BBVA expects its 2022 dividend to significantly top the 0.31 euros dividend per share paid out in 2021, Chairman Carlos Torres said in a post on the Spanish bank’s website on Monday. “If we take the consensus on expected profit for the entire year, and considering our 40 to 50 percent...
Soccer-Premier League talking points
Date: January 16, 2023
(Reuters) – Talking points from the latest round of Premier League games: RAMSDALE PROVES HIS WORTH TO KEEP GUNNERS ON TRACK Goalkeeper Aaron Ramsdale has had his critics at Arsenal but the 24-year-old proved his worth in the league leaders’ 2-0 victory at rivals Tottenham Hotspur on Sunday, making a string of fine saves to...
ECB tells bankers to get picky with risky clients, including hedge funds
Date: January 13, 2023
FRANKFURT (Reuters) – Euro zone banks must be more selective with customers that make risky bets on financial markets, such as hedge funds, and become more prudent in how they manage their exposure to them, the European Central Bank said on Friday. The ECB’s move shows how regulators are stepping up scrutiny of the role...
Global equity funds see first weekly inflow in 10 weeks
Date: January 13, 2023
(Reuters) – Global equity funds drew their first weekly inflow in 10 weeks in the week to Jan. 11 on hopes of easing inflation and expectations that China’s re-opening would boost global economies. Refinitiv Lipper data showed global equity funds attracted $5.17 billion in net purchases, for their first weekly inflow since Nov. 2. U.S....