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German space company OHB announces KKR takeover bid
BERLIN (Reuters) - OHB on Monday announced a voluntary public tender offer by US investment company KKR for all outstanding shares in the German space technology company, with the Fuchs family to reta...
Syndicated Content Aug 07, 2023
Analysis-Will AI be an economic blessing or curse? History offers clues
By Mark John (Reuters) - If medieval advances in the plough didn't lift Europe's peasants out of poverty, it was largely because their rulers took the wealth generated by the new gains in output and u...
Syndicated Content Aug 07, 2023
UK house prices fall again but market shows resilience-Halifax
LONDON (Reuters) -British house prices fell in July for the fourth time in a row in month-on-month terms but the market is showing some signs of resilience in the face of the climb in borrowing costs,...
Syndicated Content Aug 07, 2023
Analysis-Solar power to the rescue as Europe’s energy system weathers extreme heat
By Kate Abnett and Susanna Twidale BRUSSELS/LONDON (Reuters) - A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of ...
Syndicated Content Aug 07, 2023
China’s exports likely contracted further in July, imports downturn seen slowing: Reuters poll
By Joe Cash BEIJING (Reuters) - China's exports likely contracted further in July, as manufacturers in the world's second-largest economy struggled for buyers in markets grappling with high inflation ...
Syndicated Content Aug 07, 2023
Exclusive-Credit Suisse Hong Kong investing banking job cuts, targeting 80% staff, start this week- sources
By Selena Li HONG KONG (Reuters) - Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the mat...
Syndicated Content Aug 07, 2023
Thai inflation slower than expected in July, small rises seen
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thailand's annual headline inflation was weaker than expected in July, helped by lower food and energy prices, and the commerce ministr...
Syndicated Content Aug 07, 2023
South Korea’s heatwave-hit scout jamboree bracing for typhoon
By Hyunsu Yim SEOUL (Reuters) - Organisers of the World Scout Jamboree in South Korea, who have been grappling with a debilitating heatwave for days, were on Monday preparing for a typhoon to batter t...
Syndicated Content Aug 06, 2023
China developer Yuzhou offers debt restructuring plan
HONG KONG (Reuters) - Chinese property developer Yuzhou Group rolled out a plan to restructure its debt after defaulting on dollar bond payments last year, sparking a short rally in its shares and bon...
Syndicated Content Aug 06, 2023
Marketmind: Caution the watchword for inflation tests
A look at the day ahead in European and global markets from Wayne Cole. It's been a slow start in Asia, with little in the way of market-moving news over the weekend. Shares are narrowly mixed, with N...
Syndicated Content Aug 06, 2023
Peoria, IL, USA
49 °F Partly cloudy
