Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Based on its European operations, Norway’s Telenor tops the FT-Statista ranking for diversity in the continent’s telecoms sector, and is ninth in the overall list. But the group takes its approach considerably further afield.In Pakistan — where the female workforce participation rate is one of the world’s lowest — Telenor cites gender as a business priority.It provides six months paid maternity leave, on-site child care, schemes to upskill women and transport to ensure they avoid harassment on public services — all of…

© Reuters. U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The dollar held its ground on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signalling the Federal Reserve will wait longer before cutting interest rates. The risk-sensitive Australian and New Zealand dollars sank amid a decline in regional equities. The U.S. currency edged up to $1.08395 per euro and $1.2395 against sterling, while trading largely flat at 151.33 yen after mounting a…

© Reuters. Hotel Chocolat products are seen on sale at Rabot 1745, in London, Britain December 1, 2017. Picture taken December 1, 2017. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – British specialist chocolatier Hotel Chocolat agreed to a 534 million pound ($662 million) takeover offer from Mars Inc on Thursday, after the pair agreed the food giant was well-positioned to help the small retailer expand internationally. ($1 = 0.8072 pounds)

Astellas to acquire Propella Therapeutics

© Reuters. The Indian Rupee has seen an ascent against the dollar, driven by softening US currency in response to a decrease in the United States’ key Consumer Price Index (CPI) figures. This development has sparked speculation among investors about a potential Federal Reserve interest rate cut by May next year. ICICI Direct observed on Wednesday that the Rupee’s rise comes amid a broader dollar correction, as declining US CPI and Producer Price Index (PPI) numbers suggest an approaching end to the Federal Reserve’s cycle of interest rate hikes. The weakening of prices, coupled with the increasing likelihood of a…

President Biden repeated his reference to Chinese President Xi Jinping as a “dictator” on Wednesday just hours after a spokeswoman for the Chinese government vowed her country would be “unstoppable” in eventually retaking Taiwan.Biden’s comments came at his press conference concluding the U.S.-China summit in San Francisco when a reporter asked if he would still refer to Xi using the term, which he used for the first time in June.”Well, look, he is. He’s a dictator in the sense that he’s a guy who runs a country that is a communist country, that is based on a form of government…

Oil name EQT Corp (EQT) pulled back after its recent Nov. 3 one-year high of $45.23, though support at the $39 level captured the dip. Plus, this price action put EQT into contact a historically bullish signal. According to Schaeffer’s Senior Quantitative Analyst Rocky White, EQT stock is within one standard deviation of both its 320-day moving average for the sixth time in the past three years. The stock was higher one month later 80% of the time after these signals, averaging a 10.5% return. It’s also worth noting that short interest represents 6.8% of the equity’s available float. It…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. Walmart reports earnings this morning, and Wall Street (and Unhedged) will be keen to hear what the biggest big-box US retailer has to say about consumer demand, especially after somewhat equivocal comments from Target and Home Depot earlier this week. The company has little room for error, as the stock has been on a tear recently. Send…

© Reuters. FILE PHOTO: Argentina presidential candidates Sergio Massa of Union por la Patria party and Javier Milei of La Libertad Avanza party interact during the presidential debate ahead of the November 19 general election, at the University of Buenos Aires’ Law By Rodrigo Campos NEW YORK (Reuters) – Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president, with social unrest as top of mind as a much-needed fiscal adjustment will likely trigger even more inflation. Economy minister Sergio Massa and populist outsider Javier Milei go…

© Reuters. The head office of Dutch financial insurance company Aegon is seen in The Hague, October 28, 2008. Dutch insurer Aegon tapped into government funding on Tuesday, taking 3 billion euros ($3.7 billion) to strengthen its capital base eroded by investment los (Reuters) – Dutch Insurer Aegon (NYSE:) raised its full-year capital generation forecast on Thursday, driven by a strong performance in the U.S. market. The company expects operating capital generation from its units to be around 1.2 billion euros ($1.30 billion) this year, versus a prior target of more than 1 billion. It had previously said it expected…