ALMATY (Reuters) -Several restaurants which used to operate under the McDonald’s brand in Kazakhstan reopened on Monday with no branding to serve fast food under generic names such as “Cheeseburger”, weeks after the U.S. company left the local market. Former licensee Food Solutions KZ said in a statement it would maintain “the high quality and …
Former McDonald’s restaurants reopen without branding in Kazakhstan Read More »
By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) – The dollar slipped against the euro on Monday, at one point hitting a fresh 9-month low, as the common currency found support from European Central Bank officials’ comments signalling additional jumbo interest rate rises in Europe. The euro reached as high as $1.0927, to …
Dollar edges lower vs euro on ECB rate hike bets Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices settled mixed on Monday, retreating as investors cashed in on a jump to a seven-week high on optimism about a possible recovery in demand of top oil importer China as the economy recovers this year from pandemic lockdowns. Brent crude settled 56 cents higher at $88.19 a …
Oil settles mixed after hitting 7-week high on strong China outlook Read More »
By Pawel Florkiewicz and Gabriela Baczynska WARSAW/BRUSSELS (Reuters) -Germany is not blocking the re-export of Leopard tanks to Ukraine, the European Union’s top diplomat said on Monday, after Poland vowed to send some as long as other countries did too. The Kyiv government wants the German-made Leopard 2, one of the most widely used Western …
Berlin not blocking export of tanks to Ukraine, EU diplomat says Read More »
(Reuters) – The British telecoms and media regulator said on Monday it was investigating BT Group to find out if the company had complied with rules on providing customers with a short and simple summary of contract terms. UK’s Ofcom said it was probing into the customer contract information procedure of the telecoms major following …
UK telecoms regulator to probe into BT’s customer contract terms Read More »
By Seher Dareen (Reuters) – Gold prices reversed course to edge up on Monday as the dollar pared gains, while investors looked ahead to more U.S. economic data amid expectations of a slower pace of interest rate hikes. Spot gold fell 0.2% to $1,922.45 per ounce by 12:02 p.m. ET (1702 GMT). It climbed to …
LONDON (Reuters) -Britain’s National Grid said it would pay customers to use less power on Monday and Tuesday evenings this week, the first time it has used a new scheme designed to help prevent power shortages. More than a million households and business are signed up to the Demand Flexibility Service (DFS), which rewards people, …
UK’s National Grid to pay people to use less power as cold snap bites Read More »
(Changes one of the main ethnic groups to Hausa, not Fulani, in paragraph 3) ABUJA (Reuters) -Nigeria will start its first national census in 17 years at the end of March, as authorities in Africa’s most populous country seek updated data on the exact population and the size of different ethnic groups, an official said …
By Svea Herbst-Bayliss (Reuters) -The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their slimmest gains since 2016 as many firms, including Tiger Global Management, struggled with slumping financial markets, LCH Investments data show. The top 20 managers, led by Ken Griffin’s Citadel, Bridgewater Associates and D.E. Shaw Group, …
Top hedge funds earned sharply less for clients in 2022, LCH data shows Read More »
JOHANNESBURG (Reuters) -The South African rand slipped on Monday as the U.S. dollar edged up on global markets, with investor attention this week pinned on the South African Reserve Bank’s first interest rate decision of the year. At 1525 GMT, the rand traded at 17.2050 against the dollar, over 0.4% weaker than its previous close. …
South African rand slips; eyes on Reserve Bank this week Read More »
