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Silicon Valley venture capital Norwest launches $3 billion fund
By Jane Lanhee Lee (Reuters) - Norwest Venture Partners, a Silicon Valley venture capital firm, on Tuesday said it was launching its 16th and biggest fund with $3 billion under management. "Valuations...
Syndicated Content Dec 14, 2021
German engineering production grows less than expected in 2021 on supply woes
BERLIN (Reuters) - German engineering association VDMA on Tuesday cut its 2021 production forecast as supply chain bottlenecks weighed on output in Europe's biggest economy. VDMA revised down its prod...
Syndicated Content Dec 14, 2021
COVID, bottlenecks hold back German economy in Q4 – ministry
BERLIN (Reuters) - The German government expects to see weak economic output in the final quarter of the year as rules aimed at stemming the coronavirus and supply bottlenecks hold back recovery, the ...
Syndicated Content Dec 14, 2021
Germany’s Ifo institute slashes GDP growth forecast for 2022
BERLIN (Reuters) - Persistent supply bottlenecks and a fourth wave of coronavirus infections in Germany are further delaying the recovery of Europe's largest economy from the pandemic, the Ifo institu...
Syndicated Content Dec 14, 2021
U.S. storms make 2021 one of most costly on record for insurers, Swiss Re says
FRANKFURT (Reuters) - The wrath of Hurricane Ida and Texas freezes made 2021 one of the costliest years on record for insurers, Swiss Re said on Tuesday, as populations and industry grapple with the p...
Syndicated Content Dec 14, 2021
KKR says no set deadline to start due diligence on TIM’s bid
MILAN (Reuters) - U.S. fund KKR said on Monday it expected to be able to take a decision on its takeover approach for Telecom Italia (TIM) only after a due diligence process but it had set no deadline...
Syndicated Content Dec 14, 2021
Norway wealth fund ‘weeds out’ nine firms over ESG risks
OSLO (Reuters) - Norway's $1.4 trillion sovereign wealth fund, the world's largest, has conducted a risk-based screening of 442 companies this year, concluding that it would refrain from investing in ...
Syndicated Content Dec 14, 2021
Investors raise cash on hawkish central banks worries
(Reuters) - Investors raised cash allocations to 5.1% on growing concerns over central bank hawkishness, BofA Securities' monthly fund manager survey showed before key policy decisions this week by th...
Syndicated Content Dec 14, 2021
Miners lift European shares higher; focus on cenbank meetings
(Reuters) - European shares ticked up from one-week lows on Tuesday, as investors focussed on crucial central bank meetings this week, while keeping a wary eye on developments around the Omicron coron...
Syndicated Content Dec 14, 2021
Netflix slashes India prices in battle with Disney, Amazon
MUMBAI (Reuters) - Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete ...
Syndicated Content Dec 14, 2021
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