LONDON – British house prices in March were 9.8% higher than a year earlier, down from 11.3% in February, the Office for National Statistics said on Wednesday. London saw the …
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Financial News
Australian billionaire Cannon-Brookes settles 11.3% stake buy in AGL Energy
by Reutersby Reuters(Reuters) – Australian tech billionaire Mike Cannon-Brookes’ firm Grok Ventures said on Wednesday it settled a 11.28% stake purchase in AGL Energy worth A$650 million ($455.33 million) with J.P. Morgan. …
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Financial News
Euro zone April inflation revised down to 7.4%; still a record high
by Reutersby ReutersFRANKFURT – Euro zone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency said on Wednesday, lowering its …
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FRANKFURT – The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden surge …
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Financial News
TUI raises $447 million in capital increase to further repay debt
by Reutersby ReutersFRANKFURT – Holiday group TUI said on Wednesday it raised about 425 million euros ($447 million) in its capital increase to pay back parts of a German state bailout it …
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(Reuters) – JPMorgan & Chase has resigned as a depositary of global depositary receipts (GDR) of Russia’s largest oil producer Rosneft on May 13, the U.S. bank said on its …
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Financial News
Companies should be incentivised to make green investments – UK trade minister
by Reutersby ReutersLONDON – Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday. “We need to do all we can to both …
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By Gaurav Dogra (Reuters) – Emerging Asia ex-China bonds witnessed foreign outflows for a second straight month in April, due to higher U.S. yields and concerns over strict coronavirus lockdowns …
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Financial News
Chinese depositors left in dark as three local banks freeze deposits
by Reutersby ReutersBy Engen Tham SHANGHAI – Three banks in China’s central Henan province have frozen at least $178 million of deposits, offering scant information on why or for how long, leaving …
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By Supantha Mukherjee STOCKHOLM -Ericsson on Wednesday laid out plans to restructure its operations to focus on business customers and mobile infrastructure, announcing two senior executives will leave the company. …
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Financial News
JPMorgan backs Sri Lanka bonds on bets that crippling crisis to ease
by Reutersby ReutersLONDON – U.S. investment bank JPMorgan backed Sri Lanka’s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks …
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BANGKOK – Thailand’s industries sentiment index dropped to a five-month low in April, hit by higher production costs as Russia’s invasion of Ukraine pushed up the price of energy and …
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DUESSELDORF – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head said. “We are a stable, reliable anchor shareholder of the company,” …
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(Reuters) – The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of some capital controls …
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TOKYO -A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production centre of Toyota Motor Corp. The accident in Japan’s manufacturing …
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Financial News
Siemens Energy weighing bid for outstanding Siemens Gamesa stake
by Reutersby ReutersBy Christoph Steitz and Andres Gonzalez FRANKFURT/MADRID -Germany’s Siemens Energy is mulling a bid to buy the third of Siemens Gamesa it does not already own, the company said on …
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By Tim Hepher PARIS -Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for $6.7 billion. The move comes …
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STATEN ISLAND, NEW YORK – Two lucky TAKE 5 tickets were sold in Ridgewood and Staten Island. They were the top-prize winning tickets for the May 15th evening drawing. The …
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(Reuters) – An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what …
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Financial News
Twitter’s account of deal shows Musk signing without asking for more info
by Reutersby ReutersBy Greg Roumeliotis and Tom Hals (Reuters) – Twitter Inc published its account on Tuesday of its deal negotiations with Elon Musk, showing he opted out of asking the questions …
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Breaking NewsPennsylvania NewsPolice Blotter
Philadelphia Police Need Your Help Identifying Robbery Suspect
PHILADELPHIA, PENNSYLVANIA – The Philadelphia Police Department Central Detective Division is investigating a robbery that took place on May 16th. They are seeking the public’s help identifying the individual in …
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Financial News
Stellantis sees India as profitable auto market amid challenges in China, Russia
by Reutersby ReutersBy Aditi Shah NEW DELHI – Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces …
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Financial News
European new car sales drop tenth month in a row in April – ACEA
by Reutersby ReutersBERLIN – The number of new cars sold in Europe declined for the 10th month in a row as supply chain issues continue to take a heavy toll on car …
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(Corrects second paragraph to say court order is for nine months, not one year) MILAN -An Italian court will appoint a special administrator to take charge of transport group Schenker …
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Financial News
Offshore wind faces shake-up as tenders abandon price-only criteria – report
by Reutersby ReutersOSLO – A new set of factors beyond bidding price is gaining traction in global tenders to award licences for offshore wind farms and will determine the winners and losers …