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November 30, 2021

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Switzerland adds Britain, Netherlands, three others to quarantine list

Reuters
ZURICH, Nov 27 (Reuters) – Switzerland on Saturday widened quarantine requirements to stem the spread of the new Omicron coronavirus variant to travellers arriving from Britain, the Czech Republic, the Netherlands, Egypt and Malawi, where cases have been detected, its health ministry said. On Friday, Switzerland banned direct flights from......

WTO postpones major meeting after new variant outbreak

Reuters
A sign of the 12th Ministerial Conference (MC12) is pictured at the World Trade Organization (WTO) headquarters in Geneva, Switzerland, November 25, 2021. REUTERS/Denis Balibouse Register now for FREE unlimited access to reuters.com Register GENEVA, Nov 26 (Reuters) – The World Trade Organization (WTO) became the first major diplomatic casualty......

Wall Street shares mixed as traders position for rate hikes, oil jumps

Reuters
Nasdaq retreats; S&P 500, Dow Jones Industrial Average gain Oil prices rise after U.S. move to release reserves Turkish lira crashes 15% to record low WASHINGTON/LONDON, Nov 23 (Reuters) – Wall Street shares were mixed on Tuesday and the dollar slipped from a 16-month high as investors positioned for interest......

World stocks off to a cautious start; euro struggles

Reuters
Graphic: Global asset performance Graphic: World FX rates LONDON, Nov 22 (Reuters) – World stocks kicked off the week on a cautious note on Monday after posting a second consecutive weekly drop, and the euro struggled as traders weighed the risks of European lockdown restrictions and prospects of a faster......

Policyholders pull back from digital claims in post-pandemic insurance world

Reuters
The logo of Zurich Insurance is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to reuters.com Register NEW YORK, Nov 19 (Reuters) – Policyholders are starting to pull back from digital channels as the COVID-19 pandemic eases and revert to in-person ways to......

EQT, BioNTech investor consider bid for Novartis arm Sandoz -report

Reuters
A general view of the BioNTech building where the production of the coronavirus disease (COVID-19) vaccine has started in Marburg, Germany, November 18, 2021. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register ZURICH, Nov 19 (Reuters) – Investment group EQT and the Struengmann family, who are investors......

WTO gives mixed ruling on U.S. tariffs on Spanish olives

Reuters
Olive trees stand in a grove in Porcuna, southern Spain October 15, 2019. Picture taken October 15, 2019. REUTERS/Marcelo del Pozo Register now for FREE unlimited access to reuters.com Register GENEVA, Nov 19 (Reuters) – The World Trade Organization gave a mixed ruling on Friday in a case involving U.S.......

Dollar takes a breather, edges back from 16-month peak

Reuters
Euro holds gains above $1.13 New Zealand dollar buoyed by cenbank inflation report Lira hammered again after Turkey rate cut Graphic: World FX rates NEW YORK, Nov 18 (Reuters) – The dollar edged back from a 16-month high on Thursday as traders assessed whether the U.S. currency’s recent surge, fueled......

Credit Suisse chairman warns ‘temporary inflation’ talk too upbeat

Reuters
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. REUTERS/Arnd WIegmann Register now for FREE unlimited access to reuters.com Register LISBON, Nov 18 (Reuters) – The talking down of speeding inflation as a temporary phenomenon by many central banks poses......

UPDATE In Ivory Coast, a battle to save cocoa-ravaged forests

Reuters
DJIGBADJI, Ivory Coast, Nov 17 (Reuters) – This cocoa-growing settlement was all but destroyed last year by Ivorian forest agents, leaving farmers to rake through their beans amid broken concrete and other remnants. “They set the whole village on fire,” said Alexis Kouassi Akpoue, describing the day in January 2020......

Dollar at 16-month high after robust U.S. retail sales data

Reuters
Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Euro at 16-month low vs dollar Graphic: World FX rates NEW YORK, Nov 16 (Reuters) – The dollar rose to a 16-month high on Tuesday after data showed U.S. consumers looked......

Analysis: Banks profit from building up and breaking up companies

Reuters
Nov 16 (Reuters) – It is a constant dilemma facing companies; do they acquire or shed businesses to boost shareholder returns? Investment bankers profit every time the answer involves a deal, even if it represents an about-face for the companies. Last week’s announcements by General Electric Co (GE.N), Toshiba Corp......

Euro crumbles; traders wait on U.S. consumer test

Reuters
Euro crumbles through $1.14 after dovish Lagarde Biden-Xi talks and Aussie cenbank speech eyed in Asia U.S. retail sales data to guide inflation outlook SYDNEY, Nov 16 (Reuters) – The euro was huddled at a 16-month low on Tuesday while the dollar was firm as traders awaited U.S. retail sales......

Dollar surges while Wall Street wavers amid inflation worries

Reuters
U.S. stocks slip into mixed territory U.S. dollar hits 16-month high Oil prices down more than 1% WASHINGTON, Nov 15 (Reuters) – The U.S. dollar climbed to a 16-month high Monday while U.S. stocks slipped in midday trading after a strong opening. Lingering concerns about global growth amid signs of......

Indigo Partners airlines order 255 Airbus A321 jets

Reuters
A Wizz Air Airbus A321 aircraft takes off after the unveiling ceremony of the 100th plane of its fleet at Budapest Airport, Hungary, June 4, 2018. REUTERS/Bernadett Szabo DUBAI, Nov 14 (Reuters) – Low-cost airlines investor Bill Franke handed Airbus SE (AIR.PA) a multibillion dollar order for 255 single-aisle A321......

Slokar wins first parallel slalom and World Cup title

Reuters
Alpine Skiing – World Cup Finals – Women’s Slalom – Lenzerheide, Switzerland – March 20, 2021 Slovenia’s Andreja Slokar reacts after her second run REUTERS/Denis Balibouse Nov 13 (Reuters) – Slovenia’s Andreja Slokar beat Norwegian Thea Louise Stjernesund to win the Alpine Ski World Cup parallel slalom in Lech/Zuers, Austria......

Some financial backers bail on shipping companies as investors shun coal

Reuters
LONDON, Nov 12 (Reuters) – Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign of investors taking the initiative,......

Richemont in talks to sell stake in online business to Farfetch

Reuters
High-end jewellery is displayed at a Cartier store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau Richemont chairman says company not for sale But in talks with Farfetch over stake in YNAP Net profit and sales jump in first half Shares surge as much as 10% ZURICH,......

AC Immune says number of families affected by Alzheimer’s could nearly triple by 2050

Reuters
FRANKFURT, Nov 7 (Reuters) – Alzheimer’s drug developer AC Immune (ACIU.O) expects the number of families to be affected by the degenerative disease could nearly triple by 2050 to 150 million, its CEO said in an interview with a German magazine. The company recently secured a multi-million investment from the......

Credit Suisse Chairman Horta-Osorio says big investors back overhaul

Reuters
Antonio Horta Osorio, CEO of Lloyds Banking Group, arrives at a garden party at Buckingham Palace, London, May 22, 2018. REUTERS/Simon Dawson/File Photo ZURICH, Nov 7 (Reuters) – Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the......

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