By Sinead Cruise, Lawrence White LONDON (Reuters) -When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender. But two[...]
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July 17, 2024
UK house prices rose by 2.2% in 12 months to May, ONS says
LONDON (Reuters) – British house prices rose for a third month in a row in May, increasing by an annual 2.2% after a 1.3% rise in April, the Office for National Statistics said on Wednesday. The[...]
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Australia’s Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
(Reuters) – Fortescue will reduce about 700 jobs, or 4.5% of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday, as it appointed acting Chief Financial[...]
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Adidas jumps 5% after second outlook hike, strong Q2
(Reuters) -Adidas shares jumped as much as 5% on Wednesday, hitting their highest in over two years, after the German sportswear company hiked its full-year guidance for the second time this year, hav[...]
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UK inflation pressures stay hot, reducing chance of August rate cut
By William Schomberg and David Milliken LONDON (Reuters) -British inflation held at 2.0% last month, defying forecasts for a slight fall, and strong underlying price pressures prompted investors to sc[...]
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Australia’s Domino’s sees flat store growth on closures in Japan, France
BENGALURU (Reuters) – Australia’s Domino’s Pizza Enterprises said on Wednesday it expects store growth to be flat to slightly positive in its current fiscal year, and decided to clos[...]
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Honda sets secondary share sale price at 3% discount in $3.16 billion deal
TOKYO (Reuters) – Honda Motor has priced shares in a secondary share sale at 1,664.5 yen each, or a 3% discount to Wednesday’s closing price, valuing the deal at 497 billion yen ($3.16 bil[...]
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Trump says Taiwan should pay for defence, sending TSMC stock down
TAIPEI (Reuters) -Taiwan should pay the U.S. for its defence as it does not give the country anything, Republican presidential candidate Donald Trump told Bloomberg Businessweek, sending shares of Tai[...]
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Spanish fund Criteria to team up with Skoda in bid for Talgo, Cinco Dias says
MADRID (Reuters) – Spain’s Criteria, the investment arm of the La Caixa foundation, is considering teaming up with Czech train maker Skoda in its bid for Talgo, Cinco Dias newspaper report[...]
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