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Europe’s Luxury stocks at risk of going out of style

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Europe’s Luxury stocks at risk of going out of style

[1/3]A Louis Vuitton logo is seen outside a store on the Champs-Elysees avenue in Paris, France, June 27, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing Rights LONDON/PARIS, Oct 9 (Reuters) – Europe’s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese … Read more

Morning Bid: Shutdown, oil, auctions and China rankle

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Morning Bid: Shutdown, oil, auctions and China rankle

The U.S. Capitol Building is seen in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets by Mike Dolan After the worst week since March on Wall St, three issues keep the pressure – a possible U.S. government shutdown at the end … Read more

US government shutdown: What is it and who would be affected?

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US government shutdown: What is it and who would be affected?

Sept 22 (Reuters) – U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1. Workers deemed “essential” would remain on the job, but without pay. Many government agencies have not updated shutdown plans they have prepared … Read more

Stocks wilt, dollar marches higher as central banks spring surprises

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Stocks wilt, dollar marches higher as central banks spring surprises

[1/2]A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert Acquire Licensing Rights World stocks on longest losing streak since March Dollar highest since March Swiss franc tumbles on surprise SNB rate hold Fed signals another hike possible Traders see close Bank of England call later LONDON, Sept 21 … Read more

Trawler’s attempt fails to free grounded cruise ship in Greenland

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Trawler’s attempt fails to free grounded cruise ship in Greenland

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 12, 2023. Danish Air Force/Arctic Command/Handout via REUTERS Acquire Licensing Rights HELSINKI, Sept 13 (Reuters) – A fish trawler’s attempt to free a luxury cruise ship that ran aground two days ago in a remote part … Read more

Exclusive: Sweden’s Embracer weighs options for Borderlands maker Gearbox Entertainment –sources

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Exclusive: Sweden’s Embracer weighs options for Borderlands maker Gearbox Entertainment –sources

LONDON, Sept 11 (Reuters) – Embracer (EMBRACb.ST) is considering options for its U.S. game developer Gearbox Entertainment including a sale as Europe’s largest gaming company looks to shore up its finances, three people familiar with the matter told Reuters. The maker of a new Tomb Raider video game, whose shares are traded in Stockholm, is … Read more

Novo Nordisk launches weight-loss drug Wegovy in Britain

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Novo Nordisk launches weight-loss drug Wegovy in Britain

A 0.25 mg injection pen of Novo Nordisk’s weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing Rights Novo announces launch of Wegovy in the United Kingdom Novo says launch will be “controlled and limited” Drug to be available through specialist NHS scheme and … Read more

Analysis: Drugmakers could find sympathetic US Supreme Court in drug pricing lawsuits

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Analysis: Drugmakers could find sympathetic US Supreme Court in drug pricing lawsuits

U.S. President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, U.S. November 1, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing Rights Aug 31 (Reuters) – Drugmakers challenging a Biden administration program requiring them to negotiate with Medicare … Read more

Wall St gains, Treasury yields drop as data raises potential for Fed pause

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Wall St gains, Treasury yields drop as data raises potential for Fed pause

[1/2]Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing Rights NEW YORK, Aug 29 (Reuters) – Wall Street extended the previous day’s gains on Tuesday while the dollar see-sawed amid light, pre-Labor Day trading as investors continued to … Read more

Grocery startup Zepto becomes India’s first unicorn in nearly a year in new funding round

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Grocery startup Zepto becomes India’s first unicorn in nearly a year in new funding round

Zepto logo is seen displayed in this illustration taken May 2, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights MUMBAI, Aug 25 (Reuters) – Indian grocery startup Zepto said on Friday it has raised $200 million in fresh funding at a valuation of $1.4 billion, making it the first startup in the country to cross the … Read more