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Nestle sales soar as price rises drive growth
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Tesla investors to focus on demand issues in earnings report
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Germany adds 54 billion euros to bonds to use for repo, energy spending
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Netflix targets global TV ad market as next business to disrupt
FTSE slips as UK inflation returns to 40-year high, banks under pressure
Date: October 19, 2022
By Sruthi Shankar (Reuters) -UK’s main stock indexes fell on Wednesday after data showed consumer prices hit a 40-year high again in September, raising worries about their impact on the economy, while banking stocks were hit by reports of windfall taxes. The FTSE 100 index of top UK companies slipped 0.1% after a four-day run...
UK fund managers suffer asset declines on shaky markets
Date: October 19, 2022
By Sinchita Mitra and Yadarisa Shabong (Reuters) – A quartet of British fund managers said assets under management (AUM) dropped by $9.8 billion in aggregate in the three months to end-September, after a sharp sell-off in UK stocks and bonds in recent weeks compounded longer-held worries about a global slowdown. Britain’s largest listed hedge fund...
Financial services firm TIAA faces academic backlash over energy holdings
Date: October 19, 2022
By Ross Kerber (Reuters) – Climate-minded academics called on a United Nations-backed group to sanction financial services firm TIAA unless it improves its environmental record, highlighting the divide between nonprofits moving away from fossil fuels and big investors sticking with oil and gas stocks. Known for handling university professors’ retirement money, TIAA and its Nuveen...
Italy’s Brembo sets up venture capital arm to invest in tech startups
Date: October 19, 2022
MILAN (Reuters) – Premium brakes maker Brembo said on Wednesday it had set up an internal venture capital unit, called Brembo Ventures, to accelerate the development of technologic solutions to be applied to the automotive industry. The move of the Italian group mirrors similar initiatives by other companies including Stellantis and CNH Industrial with the...
Irish central bank eases strict mortgage-lending limits
Date: October 19, 2022
By Conor Humphries DUBLIN (Reuters) -Ireland’s central bank is to ease mortgage-lending limits to allow first-time property buyers to borrow up to four times their income, in a move it said could help meet growing building costs but could also modestly push up prices. The central bank introduced limits in 2015 capping how much banks...
Australia to investigate reports pilots trained Chinese military – minister
Date: October 19, 2022
By Kirsty Needham, Jamie Freed and Lucy Craymer SYDNEY/WELLINGTON (Reuters) -Australia’s defence minister said its military was investigating reports former pilots were accepting training roles in China, as Britain said it could take legal action to stop its pilots being similarly recruited on national security grounds. The British government said on Tuesday it was taking...