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Saudi wealth fund weighs EA-Savvy merger, Bloomberg News reports
4+ day, 24+ min ago (221+ words) Sept 10 (Reuters) – Saudi Arabia’s wealth fund is considering merging Electronic Arts with Savvy Games to create a gaming giant, Bloomberg News reported on Thursday, citing people familiar with the matter. The merger of the two companies, both controlled by the…...
German August inflation confirmed at 2.9%
4+ day, 8+ hour ago (60+ words) 1027wbow.com German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to compare with other European Union countries, stood at 2.8% year on…...
Baker Hughes raises annual forecasts after Chart purchase, signals LNG recovery ahead
4+ day, 21+ hour ago (293+ words) By Vallari Srivastava and Pranav Mathur Sept 9 (Reuters) – U.S. oilfield services provider Baker Hughes raised its full-year forecasts on Wednesday, reflecting the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries. Speaking at the Barclays Annual Energy conference,…...
Exclusive-South Korean FX authorities bought $20 billion in repatriated SK Hynix funds, source says
1+ week, 5+ day ago (347+ words) SEOUL, Sept 2 (Reuters) – South Korean foreign exchange authorities bought about $20 billion in U.S. dollars that SK Hynix sold after its $26.5 billion American depositary receipt listing in July, a source with direct knowledge of the matter said on Wednesday. The Foreign…...
Summer heatwaves could shave 0.1 percentage points from 2026 French economic growth -ministry
1+ week, 5+ day ago (222+ words) PARIS, Sept 2 (Reuters) – This summer’s successive heatwaves could shave 0.1 percentage points off French economic growth on average this year, the Finance Ministry said on Wednesday. The ministry, however, stressed this was just a mere estimate at this stage and not…...
Bank of England’s Mann sees signs of stronger economic growth
1+ week, 6+ day ago (158+ words) LONDON, Sept 1 (Reuters) – Bank of England interest rate setter Catherine Mann said Britain’s economy had shown signs of stronger growth since the central bank’s last monetary policy meeting when she voted with a minority of policymakers to raise borrowing costs....
OVHcloud gets French security certification for public cloud, plans European roll-out
1+ week, 6+ day ago (134+ words) Sept 1 (Reuters) – OVHcloud has obtained France’s SecNumCloud cybersecurity qualification for its public cloud offering, as the country tightens rules governing where sensitive state data can be stored and processed, the company said on Tuesday. The French cloud provider said the…...
Ares raises $4 billion for Japan logistics fund in unit’s largest fundraise
1+ week, 6+ day ago (334+ words) HONG KONG, Sept 1 (Reuters) – Ares Management, a U.S.-based investment firm, said on Tuesday its real estate arm has raised 612 billion yen ($4 billion) for its fifth Japan logistics development fund, marking the unit’s largest closed-end institutional fundraise to date. The fund,…...
Yen lingers near 160 as Bessent leans on BOJ, bonds sell off
1+ week, 6+ day ago (568+ words) SINGAPORE, Sept 1 (Reuters) – The yen steadied near 160 per dollar on Tuesday after U.S. Treasury Secretary Scott Bessent ramped up pressure on the Bank of Japan to raise rates this month, while a bond selloff following renewed Gulf attacks left investors…...
German inflation accelerates in August, core stabilises
1+ week, 6+ day ago (477+ words) BERLIN, Aug 31 (Reuters) – German inflation rose in August on higher energy prices due to the Iran conflict, but the increase was less than expected and core inflation stabilised, easing concerns that price pressures from the war could spread more widely…...