Category: Business

The European Central Bank announced the results of its strategy review and climate change-related policies on Thursday. INFLATION New strategy adopts symmetric 2% inflation target over medium term Governing Council confirms that Harmonised Index of Consumer Prices (HICP) remains appropriate price measure and recommends inclusion of owner-occupied housing over time 2% – NO MORE ‘CLOSE […]

Ray Cameron, a prominent executive in BlackRock Inc’s (BLK.N) investment stewardship team who oversaw the money manager’s interactions with hundreds of U.S. companies, will take another position in the firm, the asset manager said. BlackRock, the world’s biggest asset manager, confirmed information by two sources familiar with the matter that Cameron will be moving to […]

Chinese medical data group LinkDoc Technology Ltd (LDOC.O) has shelved plans for an IPO in the United States due to Beijing’s clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. It is the first Chinese firm known to have pulled back from IPO plans since China’s cybersecurity […]

Ladbrokes owner Entain (ENT.L) expects full-year 2021 profit to be ahead of the current consensus and reported a jump in first-half net gaming revenue on Thursday, with record bets placed on the Euro 2020 soccer tournament as sporting events resumed. Entain expects core earnings of 850 million to 900 million pounds ($1.17 billion-$1.24 billion), ahead […]

House prices in the European Union rose by 6.1% in the first quarter of this year from the same period of 2020, their biggest gain since 2007, the bloc’s statistics office said on Thursday. The House Price Index for countries in the euro area rose by 5.8% in the first three months from a year […]

Global markets won’t have a violent “taper-tantrum” like they did in 2013 even as though U.S. Federal Reserve is expected to discuss tapering of asset purchases at its annual gathering at Jackson Hole in August, three strategists at asset management firms said. The Fed’s scaling back – or “tapering” – of its quantitative easing programme […]

The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they had developed. The case, separate to the so-called ‘Dieselgate’ scandal over software designed to cheat on vehicle emissions tests, sets a precedent by extending the […]