Category: Uncategorized
Top UK pension fund Nest expects to lift private assets to 30% of holdings
Reuters Reuters exclusively reported that Nest, a 36 billion pound ($45 billion) UK workplace pension fund, expects to ramp up private assets holdings to as much as 30% of its portfolio, in one of the most significant moves into alternative investments by a large UK retirement scheme. The post Top UK pension fund Nest expects to…
Read MoreEU opens formal proceedings against TikTok under Digital Services Act
Reuters Reuters exclusively reported that the European Commission has opened formal proceedings against ByteDance’s TikTok under the Digital Services Act (DSA) to see if the social media platform is doing enough to protect children. The post EU opens formal proceedings against TikTok under Digital Services Act appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/eu-opens-formal-proceedings-against-tiktok-under-digital-services-act/
Read MoreTurkish-Russian trade hit by fresh US sanctions threat
Reuters Reuters exclusively reported that a U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports. The post Turkish-Russian trade hit by fresh US sanctions threat appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/turkish-russian-trade-hit-by-fresh-us-sanctions-threat/
Read MoreAirbus CEO tells staff Space losses ‘not acceptable’
Reuters Reuters exclusively reported that the head of Europe’s Airbus has told staff that recent unexpected charges in its Space business are “not acceptable”, in a candid assessment of a business facing what he described as an internal crisis. The post Airbus CEO tells staff Space losses ‘not acceptable’ appeared first on Reuters News Agency.…
Read MorePutin’s suggestion of Ukraine ceasefire rejected by United States, sources say
Reuters Reuters exclusively reported that Russian President Vladimir Putin’s suggestion of a ceasefire in Ukraine to freeze the war was rejected by the United States after contacts between intermediaries, according to three Russian sources with knowledge of the discussions. The post Putin’s suggestion of Ukraine ceasefire rejected by United States, sources say appeared first on…
Read MoreBoE’s Haskel wants more evidence that inflation risks are waning
Reuters Reuters exclusively reported that Bank of England policymaker Jonathan Haskel, who voted to raise interest rates on February 1, is encouraged by signs that Britain’s inflation pressures might be on the wane but would need more evidence of a cool-down before changing his stance. The post BoE’s Haskel wants more evidence that inflation risks…
Read MoreGerman landlord TAG warns home prices could fall 30% from peak
Reuters Reuters exclusively reported that German home prices could fall as much as 30% below their 2022 peak, according to one of the country’s largest landlords, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe’s biggest economy. The post German landlord TAG warns home prices could fall 30% from peak…
Read MoreGerman landlord TAG warns home prices could fall 30% from peak
Reuters Reuters exclusively reported that one of Germany’s largest landlords TAG Immobilien is bracing for a crash in home prices of up to 30%, a far steeper fall than expected by peers, news that was followed widely in the German media and grabbed the attention of analysts and investors, sending the company’s stock, and that…
Read MoreNovartis in the lead to acquire cancer drug developer MorphoSys
Reuters Reuters exclusively reported that drug maker Novartis AG (NOVN.S) is in advanced talks to acquire MorphoSys AG (MORG.DE), a developer of cancer treatments that has a market value of 1.6 billion euros ($1.7 billion). The post Novartis in the lead to acquire cancer drug developer MorphoSys appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/novartis-in-the-lead-to-acquire-cancer-drug-developer-morphosys/
Read MoreTwo key UBS investors worry about bank’s size, regulatory friction
Reuters Reuters exclusively reported that UBS is forging ahead with its integration of Credit Suisse but two key investors fear the Swiss bank could be on a collision course with regulators because of its size. The post Two key UBS investors worry about bank’s size, regulatory friction appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/two-key-ubs-investors-worry-about-banks-size-regulatory-friction/
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