FRANKFURT (Reuters) – Germany’s Allianz, one of Europe’s biggest financial firms and investors, warned on Thursday about high public debt levels and the risk of sovereign bonds. Chie[...]
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August 8, 2024
Morning Bid: Markets stay bumpy awaiting jobs reality check
A look at the day ahead in U.S. and global markets from Mike Dolan Seeking some calm, markets remain edgy following the volatility jolt of the past week and traders now seek some re-assurance the real[...]
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BMW to recall over 100,000 US vehicles over starter motor concern
(Reuters) -BMW is recalling 105,558 crossovers and sedans in the U.S. and will issue a software update to fix concerns related to a starter motor that can overheat, the National Highway Traffic Safety[...]
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Travel companies rein in their forecasts as US consumers cut spending
By Doyinsola Oladipo NEW YORK (Reuters) – Travel companies including Airbnb and Marriott International are forecasting a slowdown in leisure travel as U.S. consumers wait longer to book vacation[...]
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Euronav flags US politics, China economy as risks to shipping momentum
(Reuters) -Euronav expects a rise global sea trade this year driven by the rerouting of Red Sea shipping though a change in the U.S. presidency and a slowdown in China’s economy are risk factors[...]
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Hong Kong court adjourns Chinese developer Shimao’s liquidation petition
(Reuters) -Embattled Chinese property developer Shimao Group said on Thursday a Hong Kong court had adjourned a winding up petition against the company to Dec. 16, allowing Shimao more time to work wi[...]
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AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities
LONDON (Reuters) -Russian authorities have rejected Anheuser-Busch InBev and Anadolu Efes’ deal whereby the world’s top beer maker would sell its stake in their Russian joint venture to th[...]
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Siemens profit beats market view on software but outlook remains guarded
By Ludwig Burger FRANKFURT (Reuters) -Siemens beat quarterly earnings forecasts on Thursday, helped by demand for electricity infrastructure and production software, but warned some customers were hes[...]
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Nokia and Swisscom to deploy drone service across Switzerland
By Olivier Sorgho (Reuters) – Nokia has partnered up with Swisscom to deploy a drones network across Switzerland to improve emergency responses and infrastructure inspection, they said in a join[...]
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