By Natalia Zinets KYIV (Reuters) – The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the port of Odesa for Lebanon on Monday under a safe passage deal described as a glimmer of hope in a wor…
Dollar falls against yen as investors reassess U.S. rate hike outlook
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was at its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some h…
Exclusive: Siemens Gamesa weighs around 2,500 job cuts – sources
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) – Wind turbine maker Siemens Gamesa is considering around 2,500 job cuts, or about 9% of its workforce, as part of efforts to recover from losses that have prompted its main shareholder to …
FTSE 100 closes down as oil stocks drop and sterling gains
By Sruthi Shankar (Reuters) -A slump in oil stocks and rally in sterling weighed on Britain’s top share index on Monday, as investors looked ahead to the Bank of England’s next move on interest rates amid a weakening global economic outlook. As sterlin…
Estee Lauder in talks to acquire Tom Ford brand – WSJ
(Reuters) -Cosmetics maker Estee Lauder Cos Inc is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter. The potential deal would be the Cliniqu…
Games-‘Heartbroken’ Peaty says he’s lost his spark after rare 100m defeat
LONDON (Reuters) – Triple Olympic swimming champion Adam Peaty said he was heartbroken and missing his usual spark after suffering his first 100m breaststroke defeat in eight years at the Commonwealth Games. Peaty, once-dominant world record holder in …
Euro zone factory activity contracted in July as recession fears grow
LONDON (Reuters) – Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession. S&P Global’s fi…
British PM candidate Sunak vows 20% income tax cut by 2029
LONDON (Reuters) -Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in a potentially make-or-break throw of the dice by the former finance minister. Sunak, once see…
First grain ship to leave Ukraine from Odesa on Aug 1 -Turkey’s defence ministry
(Refiles to adjust key words for media clients to GRAIN from GRAINS; no change to text) ISTANBUL (Reuters) -The first ship carrying grain to depart Ukraine since the start of the Russian invasion will leave Odesa port at 0530 GMT on Monday under a guar…
HSBC rejects demerger of Asian business, citing huge risks
LONDON/SINGAPORE (Reuters) – HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in its most detailed rebuttal yet to calls from its largest shareholde…