(Reuters) – LVMH’s Moët Hennessy and Italy’s Campari have taken full ownership of online wines and spirits company Tannico via…
Oil rises as China eases COVID curbs, dollar weakens
By Shariq Khan NEW YORK (Reuters) -Oil prices rose about a dollar per barrel on Thursday after top crude importer…
European stocks close above three-month high on Powell, China cheer
By Susan Mathew and Devik Jain (Reuters) -Europe’s STOXX 600 index closed above a three-month high on Thursday, as investors…
LSEG CEO says weak links in markets exposed by recent volatility
By Peter Thal Larsen (Reuters) – London Stock Exchange Group Plc Chief Executive David Schwimmer said on Thursday that large…
U.S. Treasury’s Adeyemo says $60 oil price cap will limit Russia’s revenues
By Dan Burns NEW YORK (Reuters) -U.S. Deputy Treasury Secretary Wally Adeyemo applauded a European Union deal for a $60-a-barrel…
S&P warns of possible trebling of U.S., European default rates
LONDON (Reuters) – Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely…
Investors with $30 trln to push companies on human rights, social issues
By Simon Jessop LONDON (Reuters) – More than 220 investors managing $30 trillion have signed up to a plan to…
Disasters caused total of $122 billion in insured losses in 2022 – Swiss Re
ZURICH (Reuters) – Hurricane Ian and other natural catastrophes have caused an estimated $115 billion of insured losses so far…
HSBC CEO ratchets ups cost-cutting target for next year
By Lawrence White and Iain Withers LONDON (Reuters) – HSBC has identified $1.7 billion of extra costs that can be…
REUTERS NEXT: IMF chief sees higher chance of global growth below 2% in 2023
By Andrea Shalal and David Lawder NEW YORK (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday…