By Mathieu Rosemain LONDON (Reuters) -Societe Generale’s shares plunged more than 9% on Monday after France’s third-biggest listed bank said it expected little if any growth in annual sale[...]
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September 18, 2023
Marketmind: Dot plots, oil blots and auto strikes
A look at the day ahead in U.S. and global markets from Mike Dolan Gatecrashed by an alarming backup in crude oil prices, this week’s dominant event may be less decisive than at first glance as[...]
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A tale of two central banks as Uruguay rises and Argentina slides
By Lucinda Elliott MONTEVIDEO (Reuters) – Diego Labat, Uruguay’s central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, the currency is one of the r[...]
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Costa Group falls most in 3-weeks as Pain Schwartz lowers buyout bid
By Himanshi Akhand and Rishav Chatterjee (Reuters) -Australia’s Costa Group on Monday said U.S. private equity firm Paine Schwartz Partners had lowered its offer price to buy the company by over[...]
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Chinese state firms’ help to troubled shadow bank does little to address investor concerns
BEIJING (Reuters) – The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow bank[...]
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California sues oil giants for downplaying risks posed by fossil fuels
(Reuters) -The state of California has sued major oil companies including Exxon Mobil Corp, Shell PLC, and Chevron Corp, accusing them of playing down the risks posed by fossil fuels, according to a c[...]
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Saab wins expanded U.S. contract for anti-armour system
COPENHAGEN (Reuters) -Swedish defence equipment maker Saab said on Monday the U.S. Department of Defense has expanded a framework deal for AT4 anti-armour systems and Carl-Gustaf ammunition, and place[...]
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Take Five: A central bank bonanza
(Reuters) -Central banks take centre stage with five of those overseeing the 10 most heavily traded currencies – including the U.S. Federal Reserve – holding rate-setting meetings, plus a[...]
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Alibaba tells Erdogan it plans to invest $2 billion in Turkey
ISTANBUL (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the[...]
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