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CNN —The ninth edition of the FIFA Women’s World Cup gets underway in Auckland on Thursday as co-host New Zealand takes on Norway. For the first time ever, the Women’s World Cup will be hosted across two countries: Australia and New Zealand. Sydney Football Stadium will host six Women's World Cup games. A record 32 teams will take part in the World Cup, eight more than the previous two editions. Brazilian superstar Marta, 37, is set to end her international career having scored a record 17 Women’s World Cup goals, while the USWNT’s Megan Rapinoe has also announced that she will retire after what will be her fourth and final World Cup.
Persons: Sydney –, Cameron Spencer, Jason McCawley, Alex Morgan, Brad Smith, Sam Kerr, Kerr, Michael Regan, Marta, Megan Rapinoe, Trinity Rodman, Sophia Smith, Alyssa Thompson, Spain’s Alexia Putellas, d’Or, , Keira Walsh, Asisat Oshoala, Ada Hegerberg, Ballon d’Or, Caroline Graham Hansen, Wendie Renard, Pernille, Alexandra Popp, James Williamson, Vivianne Miedema, Leah Williamson, Beth Mead, Macario, Giulia Gwinn, Iman Beney, Becky Sauerbrunn, Mallory Swanson, Gianni Infantino Organizations: CNN, FIFA, Zealand, US Women’s National, Southern Hemisphere, Australia –, Sydney, Sydney Football, Australia, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Stadium Australia, England, Gracenote, Wales, USSF, Getty, of Ireland Nigeria Canada Group, Spain Costa Rica Zambia, England Haiti Denmark China, France Jamaica Brazil Panama Group, Africa Italy Argentina, Germany Morocco Colombia South Korea Players, Chelsea, Manchester City, Ballon, Japan Locations: Auckland, Norway, Australia, New Zealand, Brisbane, Adelaide, Perth, Melbourne, Dunedin, Hamilton, Wellington, Sydney’s, France, United Kingdom, Republic of, Sydney, United States, Germany, Netherlands, Haiti, Morocco, Panama, Philippines, Portugal, Republic of Ireland, Vietnam, Zambia, Sweden, England, Spain, San Jose , California, New Zealand Norway Philippines Switzerland, Spain Costa Rica, Spain Costa Rica Zambia Japan, England Haiti, United States Vietnam Netherlands Portugal, France Jamaica, Africa, Germany Morocco Colombia, Brazilian, Barcelona, Norwegian, Denmark, Brazil, Swiss, Qatar
The Artemis program marks the first time since the Apollo program that an effort to send humans to the moon has been supported by two successive US presidents. Some, like Japan-based iSpace and US-based Astrobotic, are developing commercial lunar landers and have plans to eventually collect lunar resources, such as water or minerals. Just as the United States is leveraging commercial developments, the US is working with international partners, as well. The United States is also seeking international support for the Artemis Accords, a set of principles for responsible lunar exploration and development. It's worth noting that China's lunar program also emphasizes international engagement.
Persons: it's, Artemis, Christina Hammock Koch, Reid Wiseman, Victor Glover, Jeremy Hansen, Wang Yaping, Gene Kim, Bill Nelson Organizations: Service, NASA, European Space Agency, SpaceX, Companies, Canadian Space Agency, United Nations, US Space Force, Air Force Research Laboratory, Oracle, Military, Artemis Accords, United, United Arab Emirates, Lunar Research Locations: China, Wall, Silicon, Japan, United States, Soviet, Europe, Canada, United Kingdom, Rwanda, Nigeria, United Arab, India, Russia, Sweden, France, Italy, Pakistan, United Arab Emirates
Kate_sept2004 | E+ | Getty Images17% of employers offer some kind of student loan aidFew employers offer student loan benefits, which can take many forms. Seventeen percent offer some type of student loan assistance, according to a 2021 survey by the Employee Benefit Research Institute. The most popular workplace programs don't offer direct relief for student loan payments. The expanded tax break for student loan payments is temporary, however. Starting in 2024, employers will also be allowed to pay a 401(k) match to borrowers making student loan payments, a provision enacted by a 2022 law known as Secure 2.0.
Persons: Will Hansen, We're, Derrick Johnson, Johnson, Luis Alvarez, SHRM, We've, Randi Weingarten, " Hansen Organizations: Research, of America, NAACP, Digitalvision, Getty, American Federation of Teachers Locations: Albuquerque , New Mexico, Washington, Orange County , Florida
A nonprofit that aims to maintain local ownership for newspapers will buy 22 papers in Maine, including The Portland Press Herald and The Sun Journal of Lewiston. The National Trust for Local News, a nonprofit that was started in 2021, will buy the papers from Masthead Maine, a private company that owns most of the independent media outlets in the state, including five of its six daily papers. Masthead Maine’s owner, Reade Brower, had signaled this year that he was exploring a sale. The deal includes the five daily papers and 17 weekly papers, Elizabeth Hansen Shapiro, the chief executive of the National Trust for Local News, said on Tuesday. Ms. Hansen Shapiro said Maine residents had told her organization that there was an opportunity for nonprofit ownership after Bill Nemitz, a longtime Portland Press Herald columnist, asked readers in April to donate to help a nonprofit organization preserve local journalism in the state.
Persons: Reade Brower, Elizabeth Hansen Shapiro, Ms, Hansen Shapiro, Bill Nemitz Organizations: The Portland Press Herald, Sun, National Trust for Local News, Portland Press Herald Locations: Maine, Lewiston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJeremy Hunt's pension fund reform plans are a 'game changer,' says venture capital firmDouglas Hansen-Luke, executive chairman of Future Planet Capital, discusses U.K. chancellor of the exchequer Jeremy Hunt's pension fund reform plan to help the country's startups.
Persons: Jeremy, Douglas Hansen, Luke Organizations: Future Planet Capital
HOUSTON, July 10 (Reuters) - Oil prices were little changed on Monday in choppy trading as demand woes after weak economic data from top consumers the United States and China were offset by expected crude supply cuts from Saudi Arabia and Russia. "Oil traders may be cautious ahead of the U.S. CPI (Consumer Price Index) and China's slew of economic data later this week," CMC Markets analyst Tina Teng said of inflation data due on Wednesday. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. However, crude prices could rebound after producer group OPEC+ announced plans to reduce supply further, Teng added. Money managers stepped up net long positions in oil futures and options contracts in the latest weekly data.
Persons: Brent, Tina Teng, Loretta Mester, Teng, Ole Hansen, Hansen, Arathy Somasekhar, Noah Browning, Florence Tan, Emily Chow, Alexander Smith, David Goodman, Peter Graff Organizations: . West Texas, U.S . CPI, Consumer, CMC, U.S . Federal Reserve, Federal Reserve Bank, Cleveland, OPEC, International Energy Agency, Saxo Bank, Money, Thomson Locations: United States, China, Saudi Arabia, Russia, ., Saudi, WTI, Brent
As inflation stays high around the world, some are increasingly blaming high corporate profits. An IMF working paper found that corporate profits account for nearly 45% of European inflation. Inflation is not solely caused by soaring profits, but the working paper finds that profits rising well above pre-pandemic trends have made their mark on European inflation. And Europe might be worse off than the US when it comes to so-called "greedflation," as inflation in the states cools off and profits play increasingly less of a role in keeping costs high. The IMF analysis finds that profits are ultimately playing a larger role in European inflation than in the US and Canada.
Persons: , hasn't, Niels, Jakob Hansen, Frederik Toscani, Jing Zhou, Noah Sheidlower, Chris Becker Organizations: Service, International Monetary Fund Locations: IMF, Europe, Canada
Germany to buy 60 Chinooks for up to 8 bln euros -lawmakers
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
BERLIN, July 5 (Reuters) - Germany will buy 60 Chinook helicopters from Boeing (BA.N) in a package that will cost up to 8 billion euros ($8.7 billion), including necessary infrastructure for the aircraft, two members of the parliamentary budget committee told Reuters on Wednesday. The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros for service, 240 million euros for national contracts and 750 million euros for infrastructure, according to earlier information. Germany said it planned to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet. Originally, 6 billion euros had been budgeted. German Chancellor Olaf Scholz shifted policy in February 2022 after Russia invaded Ukraine, sharply increasing defence spending and committing 100 billion euros for the Bundeswehr, Germany's armed forces.
Persons: Olaf Scholz, Sebastian Schaefer, Holger Hansen, Sabine Siebold, Friederike Heine, Emelia Organizations: Boeing, Reuters, Wednesday, Bundeswehr, Greens, Thomson Locations: BERLIN, Germany, Holzdorf, Berlin, Poland, Russia, Ukraine
Members Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil supply cuts on Monday in an effort to send prices higher. Here are the main reasons why OPEC+ output cuts are failing to significantly lift oil prices:CONCERNS ABOUT WEAK DEMANDData from China has sparked fears that the economic recovery from coronavirus lockdowns in the world's second-largest oil consumer is losing steam. The Energy Information Administration projects U.S. crude oil production will climb by 720,000 bpd to 12.61 million bpd this year, above a prior forecast increase of 640,000 bpd. This compares with around 10 million bpd as recently as 2018. LESS BULLISHIn 2020, Saudi Energy Minister Prince Abdulaziz bin Salman warned traders against betting heavily in the oil market, saying those who gamble on the oil price would be "ouching like hell".
Persons: Brent, Carsten Fritsch, Tamas Varga, Prince Abdulaziz bin Salman, pare, Ole Hansen, Maha El Dahan, Ahmad Ghaddar, Mark Potter Organizations: of, Petroleum, Eurasia Group, U.S . Federal Reserve, International Energy Agency, OPEC, Energy Information Administration, Saudi Energy, Saxo Bank, Thomson Locations: DUBAI, LONDON, OPEC, Russia, Saudi Arabia, China, Japan, U.S, Eurasia, WTI
Eight days later, another Briton, Tom McClean, pulled his dory up a deserted beach in Blacksod Bay, Ireland, having rowed solo across the Atlantic in the opposite direction. While Fairfax was acclaimed and feted, McClean walked to the closest pub, alone. During his ordeal, Fairfax had no idea someone else was rowing across the Atlantic in the opposite direction, thousands of miles to the north. McClean, on the other hand, was acutely aware of his rival and brooded about him the whole way. While celebrated in nautical circles, neither man became well known, nor have their stories been told together in a single book, until now.
Persons: Tom McClean, John Fairfax, James R, Hansen, John Fairfax waded, dory, Fairfax, McClean, , , Locations: British, Hollywood Beach, Fla, Blacksod Bay, Ireland, McClean, Caribbean, Central, South America
In June, Swiss rider Gino Mäder died aged 26 following a crash on the fifth stage of the Tour de Suisse. Gino Mäder competes in the fourth stage of the 2023 Tour de Suisse. “I think especially for everyone who was at the race [Tour de Suisse], that was pretty hard hitting,” the British rider told reporters on Wednesday. A pedestrian walks past a giant yellow jersey ahead of the 110th edition of the Tour de France in Bilbao. Goyvaerts/AFP/BELGA/Getty ImagesElsewhere, 2019 Tour de France champion Egan Bernal is competing in his first Grand Tour event since suffering serious injuries in a crash last year.
Persons: CNN —, Gino Mäder, Mäder, Magnus Sheffield, Dario Belingheri, Adam Hansen, Associés, Hansen, it’s, ” Hansen, , Tom Pidcock, Ineos, we’re, Joel Sagat, ” Jonathan Vaughters, , we’ve, , Marco Bertorello, Jonas Vingegaard, Dauphiné, Vingegaard, Jumbo –, Tadej, Pogačar, Egan Bernal Organizations: CNN, de France, Tour de Suisse, de Suisse, Tour de France, CNN Sport, , Suisse, Getty, CPA, Union Cycliste Internationale, Post, Guardian, , UAE Emirates, Goyvaerts, de, USA Network, NBC, Eurosport, ITV Locations: Swiss, La Punt, Chur, 100kph, lycra, AFP, Dauphine, Switzerland, France, Bilbao, Spain, Paris, Danish, Slovenian, Pogačar, UAE
Goldman Sachs said this week that rising interest rates would remain a "persistent drag" on oil. "There's been little sign of weakness in China's oil demand even if the general reopening boost has disappointed some investors. Global oil demand is forecast to grow between 1 to 2 million barrels per day (bpd), as per the poll. "Once these deficits become visible in on-land oil inventories, we expect prices to trend higher," said UBS analyst Giovanni Staunovo. Respondents also largely agreed that the Organisation of the Petroleum Exporting Countries would take measures to keep the floor for oil prices at $80.
Persons: Brent, Ole Hansen, Saxo, Goldman Sachs, There's, Ian Moore, Bernstein, Giovanni Staunovo, Seher, Arpan Varghese, Noah Browning, Elaine Hardcastle Organizations: bbl, International Energy Agency, Saudi, of, Petroleum, Thomson Locations: China, Saudi, OPEC, Saudi Arabia, Saudi Aramco, India, Moscow, Turkey, Bengaluru
Benchmark Brent crude prices are down more than 15% this year as rising interest rates hit investor appetite, while China's economic recovery has faltered after several months of softer-than-expected consumption and other data. "For now, the market remains stuck with demand concerns weighing," said Ole Hansen, head of commodity strategy at Saxo Bank. "Overall, the commodity sector, including crude oil, is suffering from risk adversity amid China growth worries and U.S. data strength pointing to higher rates," he said. The Energy Information Administration's official supply report is due out at 1430 GMT. Higher interest rates can weigh on economic activity and oil demand.
Persons: Brent, Ole Hansen, Oil, Christine Lagarde, Tamas Varga, Mohi Narayan, Jason Neely, David Evans Organizations: Oil, Brent, U.S, West Texas, Saxo Bank, American Petroleum Institute, Energy, European Central Bank, ECB, PVM, Saudi, Thomson Locations: contango, China
Shop REI’s Fourth of July Sale for Big Summer Savings
  + stars: | 2023-06-28 | by ( ) www.wsj.com   time to read: +5 min
By Buy Side from WSJ StaffQuality gear can make every outdoor activity more enjoyable—and now is your opportunity to pick up that gear while it’s on sale during REI Co-op’s Fourth of July sale. The jacket is great as a single layer for warmer weather rain showers or as a top layer over a fleece in colder weather. Backpacking tentREI members can get the REI Co-op Half Dome SL 2+ Tent for more than $130 off during this sale. Classic lawn chairThis lawn chair may give you happy flashbacks to backyard gatherings and for REI members, it’s 30% off. Lightweight sleeping bagsBoth these sleeping bags are 40% for REI members and feature water-repellent 600-fill-power duck down insulation and recycled nylon shells.
Persons: REI, you’re, Gucci, Birkenstock, , Helly Hansen, HH Max, Blue Organizations: Staff, REI, Independence, North Face, HH, Navy Locations: Norway
If approved, a bitcoin ETF from the world's biggest asset manager could attract investors reluctant to buy the high-risk cryptocurrency directly. Digital asset manager Grayscale had its proposal for a spot bitcoin ETF rejected last year. LESS CAPITAL OVERALLAfter surprise rate hikes in Australia and Canada, and as the Federal Reserve forecasts two more hikes, investors are now betting that interest rates will remain higher for longer. Bitcoin had benefited from ultra-low interest rates, which incentivised investors to take riskier bets in search of returns. "Albeit - there are likely to be further challenges with interest rates continuing to increase," he said.
Persons: Mike Caldwell's, Jim Urquhart, Bitcoin, Charles Schwab, Youwei Yang, BTCM, Wes Hansen, Gordon Grant, Grant, Strijers, he'd, Riyad Carey, Genesis Trading's Gordon Grant, There's, bitcoin, Usman Ahmad, Elizabeth Howcroft, Tom Wilson, Louise Heavens Organizations: REUTERS, BlackRock, U.S . Securities, Exchange Commission, Citadel Securities, Fidelity Investments, Reuters Graphics, Silicon Valley Bank, SEC, Fidelity, Cboe, Kaiko, Federal Reserve, Blackrock, Zodia, Chartered, Technology, Thomson Locations: Sandy , Utah, Silicon, United States, Australia, Canada, Hong Kong
The lower court had ruled that the law was overly broad because it may criminalize speech protected by the U.S. Constitution's First Amendment. The measure bars inducing or encouraging noncitizens "to come to, enter or reside" in the United States illegally, including for financial gain. Circuit Court of Appeals had tossed out Hansen's 2017 conviction for violating the measure. The 9th Circuit upheld Hansen's other convictions and ordered that he be resentenced. Circuit Court of Appeals also ruled against the law in a separate case.
Persons: Joe Biden's, Helaman Hansen, Amy Coney Barrett, Barrett, Ketanji Brown Jackson, Sonia Sotomayor, Hansen, " Hansen, Will Dunham Organizations: U.S, Supreme, Conservative, Liberal, Biden, Circuit, Helping America Chamber of Commerce, Thomson Locations: California, United States, Texas, Louisiana, San Francisco, United, Sacramento, Arizona, Mexico, The Denver
Novo Nordisk shares slip on EMA drug safety signal
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +2 min
reported that the European Medicines Agency (EMA) had raised the safety signal, which is a way to monitor potential adverse events from the use of approved drugs. "Novo Nordisk is aware of the signal and the request by EMA and will deliver a thorough assessment of all relevant data to elucidate this topic," Lars Otto Andersen-Lange, media relations director at Novo Nordisk, told Reuters. report referred to a May 8 statement from EMA, which raised a thyroid cancer safety signal for several drugs in the GLP-1 class, including semaglutide. But a "causal association" between semaglutide and thyroid cancer had not been demonstrated in large-scale clinical trials and post-marketing surveillance, he said. EMA's safety signal had also included GLP-1 drugs from competitors Eli Lilly (LLY.N), Astrazeneca (AZN.L) and Sanofi (SASY.PA).
Persons: Lars Otto Andersen, Lange, Andersen, " Andersen, Eli Lilly, Soren Lontoft Hansen, Nikolaj Skydsgaard, Maggie Fick, Alexander Smith Organizations: Novo Nordisk, European Medicines Agency, EMA, Nordisk, Reuters, Astrazeneca, Sanofi, Thomson Locations: COPENHAGEN, Novo, Denmark's Novo, Copenhagen
The European Medicines Agency (EMA) raised the safety signal, which is a way to monitor potential adverse events from the use of approved drugs. "Novo Nordisk is aware of the signal and the request by EMA and will deliver a thorough assessment of all relevant data to elucidate this topic," Lars Otto Andersen-Lange, media relations director at Novo Nordisk, told Reuters. reported the EMA safety signal. report referred to a May 8 statement from EMA, which raised a thyroid cancer safety signal for several drugs in the GLP-1 class, including semaglutide. EMA's safety signal also included GLP-1 drugs from competitors Eli Lilly (LLY.N), Astrazeneca (AZN.L) and Sanofi (SASY.PA).
Persons: Eli Lilly, Ozempic, Lars Otto Andersen, Lange, Andersen, " Andersen, Soren Lontoft Hansen, semaglutide, Nikolaj Skydsgaard, Maggie Fick, Alexander Smith Organizations: Sanofi, Novo Nordisk, European Medicines Agency, EMA, Nordisk, Reuters, Astrazeneca, FDA, Thomson Locations: Astrazeneca, COPENHAGEN, Denmark's Novo, Copenhagen
The more pleasant atmosphere will also help Six Flags expand beyond its longtime customer base, thrill-seeking teens, and bring in more families, he says. He wagers that parents with young children will be willing to splurge on season passes that run as high as $170, and that they will continue to spend once in the parks for better food, shorter waits in lines and VIP lounges.
The Bank of England is set to raise interest rates by a quarter of a percentage point next week. Rising interest rates could slow economic growth and reduce oil demand. However, both oil benchmarks were heading for a small weekly gain after declines in the past two weeks. Oil gained about 3% on Thursday on hopes of increasing Chinese demand. China's refinery throughput rose in May to its second-highest total on record and Kuwait Petroleum Corp's CEO expects Chinese demand to keep climbing during the second half.
Persons: Ole Hansen, Alex Lawler, Sudarshan Varadhan, Stephanie Kelly, David Goodman Organizations: Bank of England, European Central Bank, U.S . Federal, Saxo Bank, Brent, West Texas, Oil, Kuwait Petroleum, Organization of, Petroleum, Thomson Locations: Bank, OPEC, Brent, Saudi Arabia
The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion, according to Xclaim, which allows creditors to trade such claims. To protect themselves, institutional crypto investors are switching to exchanges that offer stronger asset protection, boosting due diligence on trading partners, and executing trades in smaller chunks, among other new risk management measures, according to executives and industry data. European crypto asset manager CoinShares ramped up its counterparty due diligence after losing 26 million pounds ($32.65 million) in the collapse of FTX. Financial regulators like the SEC say many crypto companies flout applicable rules, meaning risk management still lags the traditional financial sector. "This is inevitably risk we're all carrying in crypto - we have uncomfortable concentration risk on one large exchange called Binance," said Nickel's Crachilov.
Persons: Samed Bouaynaya, Coinbase, Altana, Binance, Anatoly Crachilov, Martin Lee, Nansen, Stephen Richardson, CoinShares ramped, cybersecurity, Jean, Marie Mognetti, Changpeng Zhao, Nickel's Crachilov, Wes Hansen, Hansen, Elizabeth Howcroft, Michelle Price, David Gregorio Our Organizations: Voyager, London, Coinbase, U.S . Securities, Exchange Commission, SEC, Asset Management, Arca, Thomson
The 14 Best Women’s Bathing Suits for Sun and Sand
  + stars: | 2023-06-13 | by ( Erika Veurink | ) www.wsj.com   time to read: +9 min
The brand’s Sidestroke one-piece style is a top pick for Tussey. High-waisted optionNana Castro, a fashion content creator who splits her time between New York and Florida, raves about the flattering silhouette of these full-coverage bikini bottoms from Aerie. The brand’s Balconette swim top style (which comes in bra sizes) is supportive with lightweight, flexible underwire. Vintage-inspired pickMadewell x OOKIOH Savannah One-Piece Swimsuit $125 at MadewellOne pieces don’t have to be boring—take this bold golden suit in a classic silhouette, for example. “I really love a vintage-inspired classic one-piece, maybe because I like the idea of wearing it with high-waisted pants as an everyday bodysuit,” she says.
Persons: Erika Veurink, we’ve, men’s swimsuits, Retta Leritz, , Tyler McCall, , Nana Castro, Castro, Aemelia Madden, ” Madden, Madden, It’s, Taylor Hansen Hughes, Nordstrom, Hughes, Kelly Mittendorf, ain’t, Karen Blanchard, Blanchard, Christene Barberich, Apt, Madewell Organizations: Abercrombie, Fitch, Free, Mare, New, Refinery29 Locations: Louis, Brooklyn, New York, Florida, N.Y, New York City, Moonstone
An internal Union Investment document seen by Reuters shows that the firm received just 30 responses to its outreach. Although consumer goods manufacturers are particularly exposed, other sectors that import goods associated with deforestation, including commodities houses and industrials companies, will also face scrutiny. Consumer goods makers are counting on technology such as satellites and artificial intelligence to help eradicate deforestation from their supply chains. Several large consumer goods companies say they are close to meeting their ambitious zero-deforestation goals. "The EU rules make deforestation a financial risk as well as an environmental risk."
Persons: Ueslei Marcelino, Henrik Pontzen, Pontzen, Janus Henderson, Jonathan Toub, haven't, Snorre Gjerde, Christophe Hansen, Magdi Batato, Kit Kat, Nestlé, David Croft, Reckitt's, Arild Skedsmo, Richa Naidu, Kate Abnett, Matt Scuffham, David Evans Organizations: REUTERS, Reuters, EU, Germany's, Investment, Unilever, ESG, Union Investment, Nestle, Pepsico, Danone, L'Oreal, KLP, Aviva, Fidelity International, Reckitt, UN Food and Agriculture Organization, Consumer, Thomson Locations: Uruara, Para State, Brazil, NBIM, Nescafe, London, Brussels
BERLIN, June 10 (Reuters) - The CEO of Germany's largest defence contractor Rheinmetall (RHMG.DE) said he expected a further boost to the company's stock market value due to the Ukraine war and increased defence spending in Europe. "Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. "A valuation of 17 billion euros is realistic for Rheinmetall over the medium term," he added. Rheinmetall's current stock valuation is about 10.5 billion euros, on 2022 operating income of 754 million euros. The stock market value of the company, a maker of tanks, ammunition and other war equipment, has tripled since December 2021 and it joined Germany's blue-chip DAX (.GDAXI) index earlier this year.
Persons: Armin Papperger, DAX, Christian Kraemer, Holger Hansen, Sabine Siebold, Kirsti Knolle, Madeline Chambers Organizations: Rheinmetall, RND, Thomson Locations: BERLIN, Ukraine, Europe
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Analysts say slower hotel development will also limit profits of blue-chip manufacturers like Caterpillar Inc. , whose commercial real estate customers account for around 75% of construction sales. Overexposed regional banks are now offloading commercial real estate loans at a discount. Troubled regional lender PacWest Bancorp (PACW.O) announced in May it would sell $2.6 billion worth of real estate construction loans. Banks started to reduce their hotel loan portfolios in the first quarter of 2023, an analysis by S&P Global Market Intelligence found.
Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru
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