Author: Press Room
© 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…
Lockheed Martin bags $100.89M Army contract modification
President Biden said on Wednesday that four hours of discussion with President Xi Jinping of China had brought about two significant agreements, on curbing fentanyl production and on military-to-military communications.But both American and Chinese accounts of their first encounter in a year indicated little progress on the issues that have pushed the two nations to the edge of conflict.Emerging from the talks, and a brief walk with Mr. Xi on the grounds of a mansion south of San Francisco, Mr. Biden told reporters that the conversation had been the “most constructive and productive” between the two men since Mr. Biden…
On Red Cup Day, Starbucks fans receive a free reusable red cup with purchase of a holiday drink.The event, dubbed Red Cup Day, is one of the busiest days of the year for the chain.But customers might experience long waits as hundreds of employees plan to walk off the job. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Starbucks customers might face longer than usual wait times for their daily caffeine fix – and potentially cafe shutdowns – as baristas plan to strike on…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels is facing at least two legal challenges against its new landmark digital rules, as Meta and TikTok appeal against the EU’s attempt to make online markets more competitive.TikTok, owned by China’s ByteDance, on Thursday challenged the EU’s decision to brand it a “gatekeeper” under the Digital Markets Act because such designation could hamper the company’s ability to grow. TikTok appealed against the EU’s assumption that businesses are dependent on its services to reach customers, a key metric to be captured by…
© Reuters. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike Blake/File Photo/File Photo A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday’s corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart (NYSE:), Bath & Body Works (NYSE:) and Macy’s (NYSE:) report earnings. Expectations for Walmart ride high after peer Target surged by almost a fifth on Wednesday in the wake of its consensus-beating holiday sales forecast and upbeat view of its supply chain.…
3/3 © Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo 2/3 LONDON (Reuters) – Glencore (OTC:), ExxonMobil (NYSE:) and Stellantis (NYSE:) are among companies lobbying for policies that conflict with their own pledges to cut carbon emissions, a study published by non-profit think tank InfluenceMap on Thursday found. The report assessed 293 companies from the Forbes 2000 list and found that of those with a net-zero emissions or similar climate target, nearly 60% are at risk of ‘net zero greenwash’ due to…
© Reuters. Investing.com– Gold prices steadied on Thursday, but paused a recent recovery rally after stronger-than-expected U.S. retail sales data brewed some uncertainty over the path of U.S. monetary policy. The yellow metal fell slightly on Wednesday after two straight days of strong gains, as the dollar recovered from a 2-½ month low and Treasury yields stemmed recent declines. Safe haven demand for gold was slightly aided by high-level U.S.-China talks, as Presidents Xi Jinping and Joe Biden met in San Francisco. The meeting appeared to have prompted some improvement in Sino-U.S. relations, with both parties agreeing to reopen military…
kyoshino/E+ via Getty Images 7:10 Fed’s Barr: “Bank Supervision and Regulation” 8:30 Fed’s Mester: “Financial Stability in Times of Macroeconomic Uncertainty” 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 8:30 Import/Export Prices 9:15 Industrial Production 9:25 Fed’s Williams Speech 10:00 Housing Market Index 10:30 Fed’s Waller: “Central Bank Digital Currency” 10:30 EIA Natural Gas Inventory 10:35 Fed’s Barr: “Financial Stability” 11:00 Kansas City Fed Mfg Survey 12:00 PM Fed’s Mester: “Financial Stability in Times of Macroeconomic Uncertainty” 12:00 PM Fed’s Cook: “Global Linkages and Spillovers” 4:00 PM Treasury International Capital 4:30 PM Fed Balance Sheet
© Reuters. Investing.com– Most Asian currencies weakened on Thursday, tracking a recovery in the dollar as stronger-than-expected U.S. retail sales data brewed some uncertainty over the path of interest rates. Mixed signals from high-level U.S.-China talks also dented sentiment. While Presidents Xi Jinping and Joe Biden flagged more communication between the two countries after a meeting on Wednesday, a comment from Biden- that Xi is a “dictator,” seemed likely to have irked Chinese authorities. The fell 0.2% to 7.2601 against the dollar, also coming under pressure from data showing a sustained decline in Chinese . The weakened past the 151…