New York widens lead over London in top finance centres index

New York has extended its lead among the world's top financial centres, with runner up London losing ground to increasingly competitive rivals in the United States and Asia, the Global Financial Centres Index (GFCI) showed on Thursday.

newspaper

24-03-2022

Euro zone business growth stronger than expected in March - PMI

Euro zone business activity has been stronger than expected this month, a survey showed on Thursday, although prices also rose at a record pace, likely adding to pressure on the European Central Bank to raise interest rates.

newspaper

24-03-2022

Mining firm backed by Bezos and Gates to begin Greenland drilling

COPENHAGEN (Reuters) -Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicles.

newspaper

24-03-2022

Daimler Truck sees little impact from Ukraine, pandemic in 2022

BERLIN (Reuters) -Daimler Truck expects little impact on its business in 2022 from the COVID-19 pandemic and Russia's invasion of Ukraine, the truck and bus maker said on Thursday, forecasting revenue growth of at least 14% and returns rising to 7%-9%.

newspaper

24-03-2022

Japan arrests SMBC Nikko official for alleged market manipulation -Nikkei

Tokyo prosecutors have arrested SMBC Nikko Securities Vice President Toshihiro Sato for alleged market manipulation, the Nikkei newspaper said on Thursday.

newspaper

24-03-2022

Asia FX bears remain firm as risks from geopolitics, inflation persist - Reuters poll

Investors stayed bearish on most emerging Asian currencies and turned short on Thailand's baht for the first time in three months, as uncertainty from Russia's invasion of Ukraine and inflationary risks remained, a Reuters poll found on Thursday.

newspaper

24-03-2022

Lloyd's of London sees major claims this year from Ukraine conflict

Lloyd's of London faces major claims this year from the conflict in Ukraine, but this will not create solvency difficulties, the commercial insurance market said on Thursday.

newspaper

24-03-2022

Daimler Truck 2021 return at low end of forecast

Daimler Truck reported an adjusted return on sales of 6.1% in 2021, recovering from its losses in 2020 but still at the lower end of its outlook as raw material prices and supply chain troubles weighed, the company said on Thursday.

newspaper

24-03-2022

UBS and Credit Suisse make further progress in emergency plans - regulator

UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financial watchdog FINMA said on Thursday.

newspaper

24-03-2022