-Preferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate asset manager ramps up investments in …
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Financial News
Goldman Sachs Private Wealth Management arm opens new office in Monaco
by Reutersby ReutersPARIS – Wall Street bank Goldman Sachs said its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader …
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By Joseph White DETROIT – Luxury automaker Jaguar Land Rover and Silicon Valley artificial intelligence company Nvidia said Wednesday they will collaborate to develop the computer brains and nervous systems …
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Google keeps Android ad tool into at least 2024, exploring other options
by Reutersby ReutersBy Paresh Dave NEW YORK – Alphabet Inc’s Google on Wednesday said it would keep alive for at least two years a tracking technology on its Android phones that is …
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LISBON -Ryanair expects average air fares during this year’s summer peak season to be significantly higher than pre-COVID ticket prices in the same period in 2019, Group Chief Executive Michael …
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Financial News
Wall Street eyes Walmart results for signs of tighter margins, slower growth
by Reutersby ReutersBy Arriana McLymore and Siddharth Cavale NEW YORK, NY – When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher …
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Italy’s Saipem to rethink green drive after profit warning, sources say
by Reutersby ReutersBy Stephen Jewkes MILAN – Italy’s Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the …
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By Darya Korsunskaya and Andrey Ostroukh MOSCOW -Possible western sanctions against Russian banks will lead to a spike in market volatility but Russia will be able to withstand restrictions thanks …
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Samsung Electronics unions threaten first-ever strike, impact unclear
by Reutersby ReutersBy Joyce Lee SEOUL – Unionised workers of Samsung Electronics have threatened what would be an unprecedented strike at the tech giant if their demands for higher pay and better …
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Embraer’s Eve gets orders for 90 electric aircraft from Australian firms
by Reutersby ReutersSAO PAULO – Embraer SA’s electric aircraft subsidiary Eve has received orders from Australian charter firms Aviair, HeliSpirit and Microflite for up to 90 electric vertical take-off and landing aircraft …
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Financial News
Factbox – UK inflation at 30-year high – what’s changed since 1992?
by Reutersby ReutersLONDON – Britain’s inflation rate hit its highest since March 1992 in January when it rose to 5.5% and is expected to extend its climb to above 7% in April, …
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By Gabriela Baczynska BRUSSELS – The European Union’s top court on Wednesday cleared the way to cut billions of euros of funds to Poland and Hungary, whose populist rulers the …
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Financial News
Crescent Energy buys EP Energy’s Uinta oil and gas assets for $815 million
by Reutersby Reuters– Oil and gas producer Crescent Energy said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately …
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Financial News
Hilton results top estimates as holiday travel boosts hotel occupancy
by Reutersby Reuters-Hilton Worldwide Holdings Inc topped analyst estimates for quarterly profit and revenue on Wednesday, as higher vaccinations and a rebound in travel demand during the holiday period boosted occupancy rates …
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Israel grows 8.1% in 2021, fastest in 21 years; rate hike possible soon
by Reutersby ReutersBy Steven Scheer JERUSALEM -Israel’s economy grew at its fastest pace in 21 years in 2021 as consumer spending, exports and investment rebounded with double-digit gains following a pandemic-stifled 2020, …
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France’s Atos aims to double market share in supercomputing by 2026
by Reutersby ReutersBy Mathieu Rosemain PARIS – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European …
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Ericsson shares drop after probe on graft in Iraq when ISIS active
by Reutersby ReutersBy Supantha Mukherjee STOCKHOLM – Shares of Ericsson fell more than 12% on Wednesday after the Swedish telecom gear maker disclosed results of an internal investigation that detailed suspect payments …
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Website creator Wix.com Q4 loss widens, unable to forecast 2022
by Reutersby ReutersBy Steven Scheer JERUSALEM – Wix.com, which helps small businesses build and operate websites, reported on Wednesday a wider fourth-quarter loss and said it could not provide estimates for 2022 …
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Low risk of sovereign rating pressures from Ukraine tensions, Moody’s says
by Reutersby ReutersBy Marc Jones LONDON – The risk of material credit rating pressures from the current tensions between Russia and Ukraine is low, Moody’s said on Wednesday, unless the situation continues …
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German Finance Minister expects G20 to address international financial stability
by Reutersby ReutersBERLIN – Finance chiefs from the Group of 20 major economies will address international financial stability at their meeting this week and reference to the issue can be expected in …
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VW set to boost output, pick new EV plant site, amid chip crunch
by Reutersby ReutersBERLIN -Volkswagen could decide on where it will build a new electric-vehicle plant by the end of March, and plans to boost overall output in the second half of 2022 …
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BERLIN – Germany’s cabinet backed a tax relief package for workers and businesses on Wednesday, a government source said, aiming to mitigate the impact of the pandemic on Europe’s largest …
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Crypto firm Fireblocks buys payments tech platform for $100 million
by Reutersby ReutersBy Gertrude Chavez-Dreyfuss NEW YORK – Fireblocks, an infrastructure provider for cryptocurrencies, has acquired First Digital, a stablecoin and digital asset payments technology platform. Fireblocks and First Digital said on …
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– The interest rate on the most popular U.S. home loan surged by the most in nearly two years last week, shooting above the 4% level for the first time …
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Financial News
Britain’s financial sector wants more time for new ‘duty of care’
by Reutersby ReutersBy Huw Jones LONDON – Banks and financial advisers in Britain have called for more time to introduce a new ‘duty of care’, a landmark change in consumer protection to …