China’s July factory price growth quickens, adds to business and broad economic pressures
China’s factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs.
Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo
Germany’s Delivery Hero (DHER.DE) has taken a 5.09% stake in online food delivery rival Deliveroo (ROO.L), driving the British company’s share price to its highest since listing on the stock market in March.
‘What a run!’: German exports jump despite supply bottlenecks
German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a solid recovery in Europe’s biggest economy.
Morrisons suitor CD&R gets more time to trump $9.3 bln offer
Morrisons (MRW.L) suitor, U.S. private equity group Clayton, Dubilier & Rice (CD&R), has won more time to consider a counter bid to Fortress’ agreed 6.7 billion pounds ($9.3 billion) offer for the British supermarket group.
Dollar hits four-month high on euro as markets bet on earlier Fed taper
The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an earlier tapering of Federal Reserve stimulus.
Renault to explore hybrid vehicles with Geely
BEIJING/SHANGHAI, Aug 9 (Reuters) – Renault (RENA.PA) and Geely said on Monday they would jointly develop petrol-electric hybrid vehicles for China and South Korean markets, as the French automaker revives plans for the world’s biggest car market after exiting a Chinese venture last year.
Westpac exits life insurance with $660 mln sale to Japan’s Dai-ichi
Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan’s Dai-ichi Life Holdings (8750.T).
Chicken producer Sanderson Farms nears $4.5 bln sale to Continental Grain, Cargill – WSJ
Chicken producer Sanderson Farms Inc (SAFM.O) is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, the Wall Street Journal reported on Sunday.
China’s export slowdown in July may signal more bumps ahead
China’s export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a slowdown in the country’s industrial sector in the second half even as easing global lockdowns boost commerce.
EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support
The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
