(RTTNews) - Lazard, Inc. (LAZ) a financial advisory and asset management firm, today announced that it has agreed to acquire Campbell Lutyens, a global private markets advisor, to create a new unit called Lazard CL that will serve as its third global business.
(RTTNews) - Lazard, Inc. (LAZ) a financial advisory and asset management firm, today announced that it has agreed to acquire Campbell Lutyens, a global private markets advisor, to create a new unit called Lazard CL that will serve as its third global business.
China has agreed to cooperate with Australian businesses on jet fuel shipments, while reaffirming that both countries uphold multilateralism in a meeting between the countries’ top diplomats on Wednesday. Following talks with her Chinese counterpart Wang Yi, Australian Foreign Minister Penny Wong said Beijing was “facilitating engagement with Australian businesses on jet fuel” and called the move ...
China has agreed to cooperate with Australian businesses on jet fuel shipments, while reaffirming that both countries uphold multilateralism in a meeting between the countries’ top diplomats on Wednesday. Following talks with her Chinese counterpart Wang Yi, Australian Foreign Minister Penny Wong said Beijing was “facilitating engagement with Australian businesses on jet fuel” and called the move an important “first step” in alleviating supply crunches. “Inputs China supplies to Australia,...
At the open: FTSE 100 likely to remain in red The FTSE 100 will probably continue on the back foot on Thursday, amidst continued worries about the impact of higher energy prices as the Bank of England prepares to make its latest policy decision. Brent crude soared to highs above $120 a...
At the open: FTSE 100 likely to remain in red The FTSE 100 will probably continue on the back foot on Thursday, amidst continued worries about the impact of higher energy prices as the Bank of England prepares to make its latest policy decision. Brent crude soared to highs above $120 a...
Unilever Plc ’s sales grew more than expected at the start of the year as consumers in emerging markets snapped up laundry detergents and Dove soap. First-quarter underlying sales rose 3.8%, the Anglo-Dutch consumer goods company said Thursday, ahead of the 3.7% estimated by analysts in a Bloomberg survey. Volume growth was also ahead of expectations. The company left its outlook unchanged, even a...
Unilever Plc ’s sales grew more than expected at the start of the year as consumers in emerging markets snapped up laundry detergents and Dove soap. First-quarter underlying sales rose 3.8%, the Anglo-Dutch consumer goods company said Thursday, ahead of the 3.7% estimated by analysts in a Bloomberg survey. Volume growth was also ahead of expectations. The company left its outlook unchanged, even as inflation linked to the war in Iran weighs on consumer confidence. Unilever said in February underlying sales would be at the bottom end” of its 4% to 6% multiyear growth target range.
Emmanuel Macron ’s chief of staff will leave next week, suggesting the French president is about to nominate a close ally to run the central bank. Emmanuel Moulin will be replaced on May 4 by Pierre-André Imbert, according to France’s Official Journal, published Thursday. That frees him to take over from outgoing Bank of France Governor Francois Villeroy de Galhau in June — a move French media has...
Emmanuel Macron ’s chief of staff will leave next week, suggesting the French president is about to nominate a close ally to run the central bank. Emmanuel Moulin will be replaced on May 4 by Pierre-André Imbert, according to France’s Official Journal, published Thursday. That frees him to take over from outgoing Bank of France Governor Francois Villeroy de Galhau in June — a move French media has speculated over for weeks. The change at one of France’s most prestigious and powerful establishments reverberates beyond Paris, with the role including a seat on the European Central Bank ’s Governing Council as it decides whether to lift interest rates to tackle the fallout from Donald Trump ’s Iran war. But Moulin’s appointment would be subject to the approval of lawmakers who may balk at the president’s key policy collaborator taking over the independent central bank. Opposition groups have already accused Macron of placing loyalists in powerful positions before presidential elections next spring in which he can’t take part after already serving two terms. One recent decision saw Macron install 40-year-old Budget Minister Amelie de Montchalin as head of the audit court — a permanent posting she can keep until retirement. The Elysee didn’t immediately respond to a request for comment. Macron Ally Moulin, 57, has been a permanent fixture of Macron’s decade in office. As head of cabinet to Finance Minister Bruno Le Maire in 2017, he was a key architect of the pro-business policies that enraged opposition parties and fueled the resentment behind the Yellow Vest protests over the cost of living. He left to a less political role running the Treasury in 2020 after helping design massive public spending and loan guarantees in response to Covid. While that posting has traditionally been a springboard for technocratic figures to the central bank, Moulin was again handed a more political assignment in a 2024 reshuffle when Macron dispatched him to run the cabinet of France’s youn...
A unanimous survey of economists said the European Central Bank is set to keep interest rates unchanged at 2% on Thursday, as policymakers continue to weigh the economic impact of the Iran war. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg)
A unanimous survey of economists said the European Central Bank is set to keep interest rates unchanged at 2% on Thursday, as policymakers continue to weigh the economic impact of the Iran war. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg)
undefined China’s manufacturing activity expanded at a slower pace in April, while the nonmanufacturing sector slipped back into contraction, highlighting an uneven recovery. The official manufacturing purchasing managers’ index (PMI) edged down to 50.3 but stayed above the 50 mark that separates growth from contraction, data from the National Bureau of Statistics showed. The nonmanufacturing PMI ...
undefined China’s manufacturing activity expanded at a slower pace in April, while the nonmanufacturing sector slipped back into contraction, highlighting an uneven recovery. The official manufacturing purchasing managers’ index (PMI) edged down to 50.3 but stayed above the 50 mark that separates growth from contraction, data from the National Bureau of Statistics showed. The nonmanufacturing PMI fell below that threshold to 49.4, weighed down by services and construction. The split points to ongoing weakness in domestic demand even as parts of the manufacturing sector remain resilient.