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France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources

France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources

LONDON (Reuters) – French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar wi..

Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes

Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes

By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Markets have high hopes for a soft landing for the economy, with bonds..

At Europe’s big banks, women make some gains despite Rose exit

At Europe’s big banks, women make some gains despite Rose exit

By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) -Alison Rose’s resignation from NatWest leaves just one woman in charge..

UK banks back in political crosshairs after Farage fiasco

UK banks back in political crosshairs after Farage fiasco

By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -After more than a decade trying to rehabilitate their image since..

Swiss National Bank posts $15 billion loss during second quarter

Swiss National Bank posts $15 billion loss during second quarter

ZURICH (Reuters) – The Swiss National Bank posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said..

Oil climbs close to April peak on tighter supply

Oil climbs close to April peak on tighter supply

By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by suppl..

Automakers’ demand helps STM weather softening chip market

Automakers’ demand helps STM weather softening chip market

(Reuters) -European chipmaker STMicroelectronics on Thursday forecast higher third-quarter sales as demand from automakers helped it b..

Mediobanca to launch new $223 million buyback after record year

Mediobanca to launch new $223 million buyback after record year

MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 ..

Sabadell doubles Q2 net profit, lifts guidance for 2023

Sabadell doubles Q2 net profit, lifts guidance for 2023

MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations an..

EDF swings to profit thanks to price increases

EDF swings to profit thanks to price increases

PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss i..

ArcelorMittal cuts steel demand forecast, beats profit expectations

ArcelorMittal cuts steel demand forecast, beats profit expectations

BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on Thursday for this ye..

Banks to fuel boom in UK Plc regular dividend payouts

Banks to fuel boom in UK Plc regular dividend payouts

MILAN (Reuters) – A recovery in bank payouts is set to lift UK regular dividends by 6.1% to 88.9 billion pounds ($114.8 billion)..

Samsung to extend production cuts after $7 billion chip loss in H1

Samsung to extend production cuts after $7 billion chip loss in H1

SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to exten..

Mercedes-Benz says better supplies boost orders, economy still weighs

Mercedes-Benz says better supplies boost orders, economy still weighs

BERLIN (Reuters) – Mercedes-Benz forecast a subdued world economy with monetary policy weighing on consumers even as supply chai..

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Mi..

Nissan seals Renault deal, now faces hard yards in China

Nissan seals Renault deal, now faces hard yards in China

TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric vehicle unit, the automakers said on Wedn..

Limited support for central bank digital currencies in global investment industry survey

Limited support for central bank digital currencies in global investment industry survey

By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital curren..

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say

By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Face..

Intel, Ericsson to work together on custom 5G chip

Intel, Ericsson to work together on custom 5G chip

(Reuters) – Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson to make a custom ch..

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources

NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegat..

Dulux maker Akzo Nobel lifts outlook on easing raw material costs

Dulux maker Akzo Nobel lifts outlook on easing raw material costs

(Reuters) -Dutch paints and coatings maker Akzo Nobel raised its annual profit outlook on Tuesday, supported by declining raw material..

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal

By Tim Hepher and Mathieu Rosemain PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imp..

Peace-themed torch unveiled for Paris 2024 Olympics

Peace-themed torch unveiled for Paris 2024 Olympics

PARIS (Reuters) – The design of the Paris 2024 Olympic and Paralympic torch was unveiled on Tuesday, imitating the reflection of..

“Last hope”: Eager Germans are prepared to pay for weight-loss drug

“Last hope”: Eager Germans are prepared to pay for weight-loss drug

FRANKFURT/LONDON (Reuters) – Frustrated after countless failed diet and exercise attempts, 41 year-old Jessica Lenth from Hambur..

Unilever sees Chinese consumer confidence at ‘historical low point’

Unilever sees Chinese consumer confidence at ‘historical low point’

By Richa Naidu LONDON (Reuters) – British consumer goods giant Unilever said on Tuesday that China’s declining property m..

Euro zone firms slash loan demand to lowest on record: ECB poll

Euro zone firms slash loan demand to lowest on record: ECB poll

FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further declin..

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake

TANGERANG, Indonesia (Reuters) -Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell on Tuesday to..

Keyboard maker Logitech raises forecast for first half of 2024

Keyboard maker Logitech raises forecast for first half of 2024

(Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday in its ..

UK’s Virgin Media O2 to lay off up to 2,000 employees by year end

UK’s Virgin Media O2 to lay off up to 2,000 employees by year end

(Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end ..

Southern Europeans splash out on air-con as heatwave drags on

Southern Europeans splash out on air-con as heatwave drags on

By Corina Pons and Elisa Anzolin MADRID/MILAN (Reuters) – As Southern Europe battles extreme heat with no end in sight, people ..

Naturgy’s profit rises on LNG gains, soothing shareholders

Naturgy’s profit rises on LNG gains, soothing shareholders

By Pietro Lombardi MADRID (Reuters) – Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six ..

Worsening euro zone business downturn reignites recession fears

Worsening euro zone business downturn reignites recession fears

LONDON (Reuters) -Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services i..

Vodafone takes ‘first steps’ in turnaround with top-line improvement

Vodafone takes ‘first steps’ in turnaround with top-line improvement

By Paul Sandle LONDON (Reuters) -Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improveme..

UK firms grow at slowest in 6 months as rate hikes weigh: PMI

UK firms grow at slowest in 6 months as rate hikes weigh: PMI

LONDON (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses ..

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

By Tim Kelly, Karen Freifeld and Kentaro Sugiyama TOKYO/NEW YORK (Reuters) – Japan’s imposition of export controls on chi..

Philips slightly raises 2023 outlook after Q2 core profit beat

Philips slightly raises 2023 outlook after Q2 core profit beat

(Reuters) -Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expecte..

Julius Baer reports 18% H1 net profit rise

Julius Baer reports 18% H1 net profit rise

ZURICH (Reuters) -Swiss private bank Julius Baer reported an 18% increase in net profit for the first half of 2023 on Monday as it sai..