Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Train manufacturer Alstom is seeking up to €1bn in asset sales and has said it will consider a capital increase after a cash flow warning last month spooked investors and raised concerns about the French company’s debt level. Henri Poupart-Lafarge, Alstom’s chief executive, told the Financial Times the cash warning had been a “call for change” as he outlined measures to cut the group’s net debt by €2bn over the next year and a half. Alstom shares slumped by more than a third…

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 14, 2023. REUTERS/Staff (Reuters) – European stocks rose on Wednesday as investors cheered slowing inflation across major economies, bolstering bets of an end to central bank policy tightening. Just a day after a benign U.S. inflation report supported views that the Federal Reserve may be done raising rates, fresh data showed British inflation also cooled by more than expected in October. The pan-European gained 0.5% by 0810 GMT, while UK’s rose 1%. Both the indexes hit their highest in around a…

© Reuters. AMSTERDAM – Northern Trust Asset Management (NTAM) has appointed Guido Baltussen, Ph.D., as the Head of Quantitative Strategies, International. Baltussen will operate from Amsterdam, leading NTAM’s international quantitative strategies investments and overseeing teams across Europe, Middle East, Africa (EMEA), and Asia-Pacific (APAC). His role is to enhance NTAM’s investment capabilities and provide innovative solutions for its global clients. Baltussen is set to report to Michael Hunstad, NTAM’s Deputy Chief Investment Officer and Chief Investment Officer of Global Equities. As of September 30, 2023, NTAM managed $31.7 billion in assets under quantitative strategies. Baltussen’s appointment reflects NTAM’s commitment to…

Nikada Japan (NKY:IND) +2.52% Japan’s GDP shrinks more than expected in third quarter. China (SHCOMP) +0.55%. China industrial production & retail sales rise, beats expectations in Oct; jobless rate steady at 5%. People’s Bank of China injects more cash to support the weak economy, keeps rates unchanged. Hong Kong (HSI) +3.80%. India (SENSEX) +0.91%. Australia (AS51) +1.42%. Australian Q3 Wage Price Index +1.3% q/q (vs. expected +1.3%). New Zealand data: Card retail sales -0.7% m/m in October (prior -0.8%). In the U.S. on Monday, all three major indexes ended higher, amid mounting confidence that a tightening cycle from the Fed…

© Reuters. Citi, a global financial services firm, has announced a partnership with the Monetary Authority of Singapore (MAS) to develop an innovative blockchain-based solution for foreign exchange (FX) transactions. The initiative, part of Project Guardian, aims to enhance the cross-border trading process by providing real-time FX price quotes and recording trade executions for any fiat currency pair on a blockchain. On Tuesday, under Project Guardian, Citi launched an application that enables real-time spot FX trades, initially with but adaptable to other fiat pairs. This new application provides further depth to the project’s capabilities and increases its potential scope of…

Prosecutors asked a federal appeals court in Washington on Tuesday to give its approval to a gag order imposed on former President Donald J. Trump in his federal election interference case, saying that Mr. Trump’s “long history” of targeting his adversaries on social media has often led to dangers in the real world.The gag order on Mr. Trump was suspended this month by the appeals court as it considers whether the trial judge in the case, Tanya S. Chutkan, was justified in imposing it in the first place. The court is scheduled to hear oral arguments about the order next…

Citadel CEO Ken Griffin is trying to get Donald Trump to debate Nikki Haley.The billionaire said he wanted to see the pair engage in a “battle of ideas,” not name-calling.He highlighted Haley as Trump’s main rival, but said he was still deciding if he wanted to back her. 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 Hedge fund boss Ken Griffin on Tuesday urged former President Donald Trump to take on fellow presidential hopeful Nikki Haley in a GOP primary debate.Speaking to Bloomberg at a…

The Financial Times invited readers to name European companies that are using new technology to meet the business challenges of 2023 — from geopolitical tensions to the rise of AI. Here are the shortlisted businesses, and this year’s winners

© Reuters. People shop at Borough Market in London, Britain July 19, 2023. REUTERS/Anna Gordon/File Photo LONDON (Reuters) -British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth also eased, offering some relief to the Bank of England and Prime Minister Rishi Sunak. Annual consumer price inflation plunged to a lower-than-expected 4.6% in October from 6.7% in September, official data showed on Wednesday. The increase in consumer prices was the smallest in two years. The Bank of England’s forecasts and the consensus from a Reuters…

5/5 © Reuters. FILE PHOTO: Giorgio Armani appears at the Emporio Armani Spring/Summer 2024 collection fashion show during Milan Fashion Week in Milan, Italy, September 21, 2023. REUTERS/Claudia Greco/File Photo 2/5 By Elisa Anzolin MILAN (Reuters) – Giorgio Armani has always kept a tight grip on the firm he founded, and the Italian fashion king’s attention to detail extends to clear rules on how it should be run after his death. Armani, 89, remains CEO and effectively sole shareholder of the business he set up with his late partner in the 1970s, which had a 2.35 billion euros ($2.5 billion)…