News
Important Only
Investment Fund Questions Valuations in Blue Owl’s Private Credit Portfolio, Ft Reports
March 12 (Reuters) - Glendon Capital Management has said that private credit lenders such as Blue Owl OWL.N are obscuring weaknesses in their portfolios and a sharp correction in debt markets is approaching soon, the Financial Times reported on Thursday. Investment firm Glendon said that private cre
Reuters
2 hours ago
China passes new ethnic minority law, prioritise use of Mandarin language
Law promotes Mandarin as primary language of education and governmentChina has 56 officially recognised ethnic groups, including Han ChineseHan, who speak Mandarin, make up 91% of the populationCritics argue law erodes ethnic minority identities, risks labelling dissent as separatism BEIJING, Mar...Reuters
6 minutes ago
Sanlam Reports 2025 Net Result From Financial Services R15,939 Mln
March 12 (Reuters) - Sanlam Ltd SLMJ.J:JSE: SLM - SLI7 - AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025 AND DIVIDEND DECLARATIONSANLAM - 2025 NET RESULT FROM FINANCIAL SERVICES R15,939 MILLIONSANLAM: 2025 HEADLINE EARNINGS PER SHARE 792 CENTSReuters
12 minutes ago
UK's Informa posts 15% profit jump as Middle East events hold firm amid disruptions
March 12 (Reuters) - British exhibitions group Informa INF.L on Thursday reported a 15% rise in annual profit, driven by strong performance in its live business events business.The company, which has significant operations in the Middle East, also said there is currently some travel disruption in lo...Reuters
15 minutes ago
Bund yields hit highest since October 2023 as oil prices jump
March 12 (Reuters) - Euro area benchmark Bund yields hit their highest level in almost 2-1/2 years on Thursday, as Middle East conflict fuelled inflation fears and expectations for interest rate hikes. Oil prices jumped back briefly above $100 a barrel as Iran stepped up attacks on oil and transp...Reuters
18 minutes ago
On The Beach Group Temporarily Suspends Annual Profit Guidance Amid Middle East Conflict
March 12 (Reuters) - On The Beach Group PLC OTB.L:ON THE BEACH GROUP PLC: REMAINS CONFIDENT IN DELIVERY OF GROUP'S MEDIUM-TERM AMBITION OF £2.5BN TTV, £100M EBITDA, £85M PBT AND 38.7P EPSON THE BEACH : LIMITED EXPOSURE TO DESTINATIONS IN MIDDLE EAST, HAS EXPERIENCED SIGNIFICANT SLOWDOWN IN DEMAN...Reuters
19 minutes ago
BMW's China sales could reach last year's level in 2026, CFO says
BERLIN, March 12 (Reuters) - German premium carmaker BMW BMWG.DE hopes to hold ground in China in 2026 after a sales slump the year prior, CFO Walter Mertl said on Thursday, after the company reported annual results."Average sales figures over the past few months indicate that sales in China cou...Reuters
25 minutes ago
Gulf trio review sovereign investments to offset Iran war impact, official says
Iran attacks disrupt Gulf oil, gas exports, infrastructureEconomies face blow from halted exports, infrastructure damageSome reviewing global investment pledges, sponsorship deals By Andrew Mills, Rachna Uppal and Federico Maccioni DUBAI, March 11 (Reuters) - Three Gulf states are reviewing how t...Reuters
29 minutes ago
Energean to acquire Chevron's Angola oil stakes for $260 million
March 12 (Reuters) - Energean ENOG.L on Thursday said it will acquire Chevron's CVX.N interest in two offshore Angola oil blocks for a base consideration of $260 million, as the Mediterranean-focused gas producer follows through on its plan to build out a hub in West Africa.Reuters
29 minutes ago
UK's Informa posts 15% jump in annual profit
March 12 (Reuters) - British exhibitions group Informa INF.L on Thursday reported a 15% rise in annual adjusted operating profit, driven by strong performance in its live business events business.The company, which has significant operations in the Middle East, also said there is currently some trav...Reuters
30 minutes ago
Tesla's energy business wins approval to supply electricity in UK
LONDON, March 12 (Reuters) - Britain's energy regulator Ofgem said on Thursday it had approved an electricity supply licence for Tesla Energy Ventures Limited, a subsidiary of Tesla TSLA.O, allowing the company to provide power to households and businesses across Britain.The authorisation took e...Reuters
31 minutes ago
Indonesia says it will communicate with US about new trade probes
JAKARTA, March 12 (Reuters) - Indonesia has received information about new investigations into unfair trade by the United States, its Economic Affairs Ministry told Reuters on Thursday, adding that Indonesia will communicate with the U.S. Trade Representative on the matter.Ministry spokesperson Hary...Reuters
33 minutes ago
Oryzon Expands Patent Protection For Iadademstat With Grant Decision In Mexico
March 12 (Reuters) - Oryzon Genomics SA ORY.MC:EXPANDS PATENT PROTECTION FOR IADADEMSTAT WITH GRANT DECISION IN MEXICO COVERING COMBINATIONS WITH PD-1/PD-L1 INHIBITORSMEXICAN PATENT OFFICE HAS ISSUED A DECISION TO GRANT FOR ITS PATENT APPLICATION ENTITLED "COMBINATIONS OF IADADEMSTAT FOR CANCER ...Reuters
33 minutes ago
Indonesia and Australia to expand security cooperation to include Japan, Papua New Guinea
JAKARTA, March 12 (Reuters) - Indonesia and Australia are planning to expand their security cooperation to include Japan and Papua New Guinea, Jakarta's Defence Minister said on Thursday after a meeting with his Australian counterpart.Trilateral security arrangements would be developed with Indo...Reuters
39 minutes ago
BMW expects 2026 earnings decline as tariffs bite
By Rachel More and Christina AmannBERLIN, March 12 (Reuters) - BMW expects group pre-tax earnings to decline moderately this year and deliveries to stagnate, with trade barriers weighing on its core cars business, the company said on Thursday.Headwinds from higher tariffs will further impact the EBI...Reuters
45 minutes ago
Estee Lauder sues perfumer Jo Malone, Zara UK for contract breach, FT reports
March 12 (Reuters) - U.S. cosmetics giant Estee Lauder EL.N has filed a lawsuit against British entrepreneur Jo Malone, her fragrance brand Jo Loves and Zara's UK business for using her name, the Financial Times reported on Thursday.Estee Lauder bought Malone's self-named perfume brand - and...Reuters
an hour ago
UI Boustead REIT falls in market debut after Singapore's biggest IPO this year
By Yantoultra Ngui and Jun Yuan Yong SINGAPORE, March 12 (Reuters) - Shares in Singaporean industrial and logistics real estate investment trust UI Boustead REIT UIBO.SI opened at S$0.805 on Thursday in its market debut, down from its initial public offering price of S$0.88 per share.On Wednesd...Reuters
an hour ago
South Korea to discipline officials over delays in recovering remains of Jeju Air crash victims
SEOUL, March 12 (Reuters) - South Korean President Lee Jae Myung has ordered tough disciplinary action against officials responsible for delays in recovering the remains of victims from the 2024 Jeju Air crash that killed 179 people, his office said Thursday.Reuters
an hour ago
