Dollar demand persists even as stocks recover
By Elizabeth Howcroft LONDON (Reuters) – Currency markets still showed signs of caution on Wednesday, with the safe haven dollar..
Finance
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Eyeing IPO, Volvo Cars to take full control of its Chinese business
By Niklas Pollard and Yilei Sun STOCKHOLM/BEIJING (Reuters) -Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Hol..
News
Germany sets out flood relief funding, hopes of finding survivors fade
By Kirsti Knolle and Riham Alkousaa BERLIN (Reuters) -A relief official dampened hopes on Wednesday of finding more survivors in the r..
News
SoftBank’s robotics ambitions short circuit as Pepper loses power
By Sam Nussey TOKYO (Reuters) -When SoftBank Group Corp’s CEO Masayoshi Son unveiled the wide-eyed android Pepper in 2014, he pa..
Innovation
Oil retreats on surprise rise in U.S. stocks, weakening demand outlook
By Sonali Paul and Roslan Khasawneh SINGAPORE (Reuters) -Oil prices fell on Wednesday after an industry report showed an unexpected bu..
News
Lehman Brothers trader to fintech billionaire: Revolut’s Nikolay Storonsky
LONDON (Reuters) – British-based banking app Revolut’s latest $33 billion valuation, achieved after a fresh funding round,..
Business
Stocks on worst run in 18-months amid global COVID-19 surge
By Marc Jones LONDON (Reuters) – Risk-aversion ruled on Monday as a surge in worldwide coronavirus cases drove down bond yields ..
Headlines
British pound drops as investors seek safety on ‘Freedom Day’
LONDON (Reuters) – Sterling fell to a three-month low on Monday even as most COVID-19 restrictions in England were lifted, as a ..
Headlines
Inflation and the Bank of England: what its rate-setters are saying
LONDON (Reuters) – Some Bank of England officials say the time is approaching for action to fend off higher inflation as Britain..
Headlines
Risk FX retreat catapults dollar to 3-month top as reflation doubts reemerge
By Ritvik Carvalho LONDON (Reuters) – Currencies such as the Australian dollar, the Canadian dollar, Norway’s crown and Br..
Finance