CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid
SAO PAULO (Reuters) – French shipping giant CMA CGM agreed to buy 47.6% of port terminal operator Santos Brasil for 6.3 b..
News
All Posts
Bitcoin jumps while Japan holiday dulls most currencies
SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally aft..
Finance
Analysis-SocGen’s CEO Krupa tightens screws on costs as bank’s turnaround plan falls flat
By Mathieu Rosemain PARIS (Reuters) – Societe Generale’s CEO Slawomir Krupa is set to turn the screws further on costs a..
News
Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..
Business
EU regulator backs use of Novo’s Wegovy for obesity-related heart condition
(Reuters) -The European Medicines Agency backed the use of Novo Nordisk’s popular drug Wegovy to help ease heart failure in peop..
News
Analysis-Extreme weather adds to fiscal strains in central Europe
By Jan Lopatka, Karol Badohal and Gergely Szakacs PRAGUE/WARSAW (Reuters) – Just a week ago, before deadly floods swept throug..
News
Yen slides as BOJ governor steers clear of rate hike talk
By Linda Pasquini and Wayne Cole LONDON/SYDNEY (Reuters) – The yen weakened on Friday after the Bank of Japan signalled it was i..
News
Nike’s next CEO Hill brings a bootstraps mentality
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..
Business
Sterling rises vs dollar, euro boosted by strong UK retail sale data
By Linda Pasquini (Reuters) – Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provide..
Finance
Oil prices set to end week higher after US rate cut
By Arunima Kumar (Reuters) -Oil prices eased on Friday, but were on track to register gains for a second straight week following a lar..
News
Stocks pinned near all-time highs, yen slips after Ueda’s comments
By Sruthi Shankar and Stella Qiu (Reuters) – World stocks hovered near record highs on Friday, underpinned by a big interest rat..
Finance
European shares slip but set for weekly gains; Mercedes drops
By Shubham Batra (Reuters) -European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserv..
Finance
London blue-chips slip as sterling jumps after retail sales beat
(Reuters) – UK shares slipped on Friday while the British pound jumped, though the stock index was set to eke out weekly gains r..
Finance
Global investors brace for turmoil as big Fed cut sows confusion
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Big global investors are on alert for wild market swings after a jumbo U.S. rate ..
News
Morning Bid: BOJ brings yen into sharper focus
A look at the day ahead in European and global markets from Wayne Cole. It was left to the Bank of Japan (BOJ) to end “central b..
News
Analysis-Investors shun European car stocks despite rock bottom valuations
By Sruthi Shankar and Danilo Masoni (Reuters) – European auto stocks are so unpopular right now that investors keep reduc..
News
BOJ keeps interest rates steady, sticks to upbeat economic view
TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on ..
News
German tax revenue rose by 5.3% in August
By Maria Martinez BERLIN (Reuters) – Germany’s federal and state governments’ tax revenue rose 5.3% in August..
News
Germany considering ways to support VW, economy minister says
FRANKFURT/BERLIN (Reuters) -Germany’s government is considering ways to support Volkswagen, German economy minister and v..
News
Dollar edges lower in choppy trading after Fed rate cut
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar edged slightly lower in choppy trading on Wednesday as market..
Finance
Fed rate cut glow spreads to Wall Street, jobs data helps
By Isla Binnie NEW YORK (Reuters) – U.S. stock indexes sailed higher in the wake of their global counterparts and the dollar wob..
Finance
Bavarian says mpox vaccine approved by EU regulator for adolescents
LONDON (Reuters) -Bavarian Nordic said on Thursday its mpox vaccine was approved by the EU’s drug regulator for use in adolescen..
News
Bank of England leaves rates at 5%, pound hits highest since March 2022
LONDON (Reuters) – The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British governme..
Finance
Analysis-After jumbo Fed rate cut, market hopes ride on US soft landing
By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) – One of the most consequential Federal Reserve meetings in re..
News
UK reports sharpest rise in health-related welfare claims, study shows
LONDON (Reuters) – Britain has seen the biggest rise in health-related welfare benefits among a group of similar economie..
News
Bank of England set to hold rates with bond sales in spotlight
By Andy Bruce (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs tha..
News
Britain needs finance sector strategy to tap foreign billions, report says
LONDON (Reuters) – Britain could attract up to 7.7 billion pounds ($10.2 billion) in additional foreign sovereign investment by ..
News
Global health fund says health, climate, conflict ‘triple whammy’ hits world’s poorest
By Jennifer Rigby LONDON (Reuters) – Climate change and conflict risk overshadowing efforts to improve people’s hea..
News
ING bank tightens restrictions on oil and gas lending
By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies a..
News
Hims & Hers offers compounded Wegovy for $99 a month to select professions
By Amina Niasse NEW YORK (Reuters) – U.S. telehealth company Hims & Hers Health on Wednesday said it will sell compou..
News
Fed’s Powell: Central bank forecasts don’t point to urgent action
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecast..
News
Fed policymakers see end-2024 policy rate at 4.4%: projections
WASHINGTON (Reuters) – U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, ..
News
Artificial heart maker Carmat’s shares slide on $11.5 million capital hike
(Reuters) -Artificial heart maker Carmat announced a capital increase of an initial 10.3 million euros ($11.5 million) on Wednesday ..
News
UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..
Business
French millers face long grind as rain-hit wheat harvest comes in
PARIS (Reuters) – Flour mills in France are facing higher costs and a long search for grain as they feel the effects of a dire w..
Business
London stocks drop after inflation data, focus shifts to Fed
By Lisa Pauline Mattackal and Medha Singh (Reuters) -British stock indexes dropped on Wednesday as investors reined in bets on interes..
Finance
Sterling rises after UK inflation data and ahead of Fed
By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the ..
Finance