Pound heads for best monthly gain of 2024 ahead of US inflation
LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectat..
News
All Posts
Dell shares slump as heavy AI investments expected to dent margin
(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent i..
News
Dollar slides after US inflation meets expectations in April
By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2..
News
Oil set for weekly loss ahead of OPEC+ meeting
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on S..
News
Stocks lose steam after U.S. data
By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed ..
News
European shares rise after US inflation data keeps Fed rate cut hopes alive
By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of int..
News
London stocks end higher for third month
By Pranav Kashyap and Purvi Agarwal (Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as inv..
News
Nvidia set to overtake Apple as world’s second-most valuable company
(Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest beneficiary of the..
News
EU approves Italian aid for $5.4 billion STMicro chip plant
By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to bui..
News
German retail sales fall more than expected in April
(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes t..
News
Renault, Geely create joint venture for hybrid, combustion engines
(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develo..
News
Investors hold their breath for inflation data
A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports f..
News
Analysis-Aircraft shortages turn into cash bonanza for some airlines
CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers t..
News
India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domesti..
News
Stocks regain some ground, bonds steady after rate angst sell-off
By Samuel Indyk and Rae Wee LONDON (Reuters) -European stocks edged higher on Thursday as bonds regained some ground after a sell-off..
News
Britain’s creaking power grid leaves green energy revolution adrift
PORTSMOUTH, England (Reuters) – British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry t..
News
Battle over power pylons highlights Britain’s net zero challenge
WAVENEY VALLEY, England (Reuters) – Dot Matthie says she faces losing the use of the airstrip in her field because of a British ..
News
Sneaker maker Golden Goose aims to list in Milan in June
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June. ..
News
Airline SAS posts bigger Q2 loss, eyes end to restructuring
(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and s..
News
German inflation higher than expected ahead of ECB rates decision
By Rachel More BERLIN (Reuters) -German inflation rose slightly more than forecast to 2.8% in May, although economists said an increa..
News
Global unemployment to slightly fall in 2024, UN labour body says
By Matteo Allievi (Reuters) -The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as i..
News
Aplomado Investments & Fenton Whelan Real Estate (AFW) and GSM Middle East to launch a super-premium, British international School on Qetaifan Island North, Qatar
LONDON, 28th May, 2024: Global Schools Management (GSM), which owns over 165 schools, and educates over 45,000 students in the United ..
Finance
China’s Geely to launch hybrids with more fuel-efficient engines
SHANGHAI (Reuters) – China’s Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first..
News
German consumer sentiment recovers further heading into June
BERLIN (Reuters) – German consumer sentiment improved for the fourth month in a row heading into June as the outlook brightened ..
News
Uber to offer Seine cruises, day trips in Paris during Olympics rush
(Reuters) – Uber Technologies unveiled a raft of measures on Wednesday, including a tie-up to offer cruises on the Seine river a..
News
BYD unveils new hybrid tech as battle with gasoline rivals heats up
SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cos..
News
Hess shareholders sign off on $53 billion sale to Chevron
By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the..
News
Global equity index dips as investors await inflation prints
NEW YORK/LONDON (Reuters) -A global equities gauge fell slightly on Tuesday while U.S. indexes were a mixed bag and the benchmark Tr..
News
Dollar slips ahead of data, set for first monthly drop in 2024
(Reuters) -The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data later this week that cou..
News
Mosaic Data Science’s Neural Search Solution Named the Top Insight Engine of 2024 by CIO Review
In a significant acknowledgment of its pioneering efforts in the realm of insight engines, Mosaic Data Science has been recognized as ..
Technology
What is OPEC+ and how does it affect oil prices?
DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectivel..
News
Oil edges higher after inflation gloom hit prices
LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation c..
News
Dollar holds firm as traders trim US rate cut bets
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – The dollar was set for its largest weekly rise in a month-and-a..
News
Wall St rallies, Treasury yields steady ahead of holiday weekend
By Stephen Culp NEW YORK (Reuters) – Wall Street rebounded and Treasury yields paused in the wake of upbeat economic data on Fr..
News
UK commercial property values stabilising despite offices drag, says British Land
LONDON (Reuters) -Landlord British Land said UK commercial property values have begun to stabilise after a torrid period for real esta..
News
Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review
The data science consultancy is honored to have received this recognition for the second consecutive year. Leesburg, VA – May 14, 202..
Technology
Stellantis CEO: electric vehicle tariffs are a trap
MUNICH (Reuters) -Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles, warning of sig..
News