ECB reports record loss for 2023 as rate hikes bite
FRANKFURT (Reuters) – The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses were..
News
All Posts
China’s Xpeng signs partnership with UAE’s Ali&Sons, eyes Italian market
BEIJING (Reuters) – China’s Xpeng on Thursday said it has established a strategic partnership with UAE-based Ali&Sons ..
News
As Nikkei eclipses 34-year record, derivatives signal stall ahead
By Junko Fujita TOKYO (Reuters) – As Japan’s Nikkei catapults past its bubble-era peak and investors grow confident of fu..
News
TotalEnergies Texas refinery running at minimal rates, say sources
HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas, is operating at minimal productio..
News
Nestle misses sales estimates as price hikes deter shoppers
By Richa Naidu LONDON (Reuters) – Nestle reported full-year organic sales growth slightly below expectations on Thursday as the..
News
Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia
(Reuters) – German food delivery company Delivery Hero said on Wednesday that the ongoing talks for the potential sale of its fo..
News
German economy in stormy waters as government slashes forecast
BERLIN (Reuters) -The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak ..
News
London’s iconic BT Tower to become a hotel
By Paul Sandle LONDON (Reuters) -London’s iconic BT Tower is set to become a luxury hotel after the owner BT Group agreed to se..
News
UK sees record monthly budget surplus, but tough picture ahead of budget
LONDON (Reuters) -Britain chalked up its highest ever monthly budget surplus in January due to record seasonal tax inflows, official f..
News
Coffee group JDE Peet’s posts surprise growth in 2023 operating profit
(Reuters) -JDE Peet’s, one of the world’s largest coffee companies, on Wednesday reported an organic rise in 2023 operatin..
News
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
SINGAPORE (Reuters) – Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal R..
Innovation
Beijing shuts highways after heavy snowfall
BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-than-expected snowfall hit the Chinese capital overnig..
News
Crypto firm Circle to end support for USDC stablecoin on Tron blockchain
By Tom Wilson LONDON (Reuters) – Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain netwo..
News
UK employers offer smaller pay rises at start of 2024, XpertHR survey shows
LONDON (Reuters) – British employers scaled back the annual pay settlements they offered to staff at the start of 2024, a survey..
News
Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million
By Tatiana Bautzer (Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million..
News
Barclays plans cost cuts, bumper buybacks in bid to boost shares
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays laid out a three-year plan to revive its flagging share price on Tuesda..
News
China slashes mortgage reference rates to revive property market
SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sou..
News
Air Liquide tops profit forecast, hikes 2025 margin target
By Augustin Turpin and Olivier Cherfan (Reuters) -French industrial gases firm Air Liquide on Tuesday posted a better-than-expected a..
News
Marketmind: Wages will test wagers on rates
A look at the day ahead in European and global markets from Tom Westbrook Europe’s central bank has singled out wages as the si..
News
German homes are still overvalued despite price drop – Bundesbank
FRANKFURT (Reuters) – German homes are still overvalued despite a fall in prices last year as the cost of mortgages spiked, the..
News
Sterling inches higher after last week’s fall
Sterling inches higher after last week’s fall By Harry Robertson LONDON (Reuters) – The pound edged slightly higher on Mon..
News
‘Oppenheimer’ triumphs at BAFTA Film Awards with most win
By Marie-Louise Gumuchian LONDON (Reuters) -“Oppenheimer”, a three-hour epic about the making of the atomic bomb in World..
News
Marketmind: China markets look like they need another holiday
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. High hopes China’s mark..
News
UK property prices show first annual rise since August – Rightmove
LONDON (Reuters) – The prices of homes being put up for sale in Britain have risen in annual terms for the first time in six mo..
News
France cuts 2024 growth forecast as outlook darkens
PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had lowered its forecast for 2024 GDP growth to 1% from 1...
News
Factbox-Main winners at the 2024 BAFTA Film Awards
LONDON (Reuters) – Britain’s top movie honours, the BAFTA Film Awards, were handed out on Sunday at a ceremony in London...
News
England’s NHS to trim main healthcare wait list ahead of election
LONDON (Reuters) -England’s health service will move about 40,000 pending child consultations for ADHD, autism and other conditi..
News
Swedish January inflation up as expected, rate cut set for mid-year
By Simon Johnson STOCKHOLM (Reuters) – Headline Swedish inflation picked up pace as expected in January, data showed on Monday,..
News
Dollar stands firm as sticky US inflation dents rate cut expectations
By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Monday after data last week showing U.S. inflation remained sticky ca..
News
Asia shares sputter as China returns with low energy
By Wayne Cole SYDNEY (Reuters) -Asian shares struggled to make much ground on Monday as fading chances for early rate cuts globally s..
News
Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops
By Echha Jain (Reuters) -Westpac Banking Corp said it sees scope for monetary policy in Australia to become less restrictive within t..
News
Spanish conservatives retain majority in Galicia regional vote
MADRID (Reuters) -Spain’s opposition conservative People’s Party retained its absolute majority in its stronghold in the ..
News
UK shoppers pick up their spending, signalling quick end to recession
By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered th..
News
Eni beats Q4 profit forecasts helped by favourable arbitration
MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), ..
News
Swiss Re 2023 net profit surges, in line with expectations
FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Friday that net profit for 2023 surged 580%, in line with expectations, as ..
News
Mahindra to use Volkswagen electric components, battery cells
BERLIN (Reuters) -Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of ..
News
ECB’s Villeroy: should not hold off first rate cut for too long
PARIS (Reuters) – There are several compelling reasons why the European Central Bank should not hold off for too long on an ini..
News