UBS’s new wealth management co-leaders announce reshuffle
UBS’s new wealth management co-leaders announce reshuffle By Noele Illien and Oliver Hirt ZURICH (Reuters) – UBS is making..
News
All Posts
UK retailer Halfords posts lower annual profit
(Reuters) -British bicycle and car products retailer Halfords Group reported a fall in annual profit on Thursday as footfall across i..
News
Nokia sells submarine networks business ASN to French state
COPENHAGEN (Reuters) – Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for ..
News
BP halts hiring, slows renewables roll-out to win over investors
LONDON (Reuters) – BP’s new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he..
News
SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports
(Reuters) – Japanese technology investor SoftBank Group Corp’s Vision Fund 2 is investing between $10 million and $20 mill..
News
Dollar hits 38-year high vs yen; stocks mostly ease
NEW YORK (Reuters) -The dollar hit a fresh 38-year high against the Japanese yen on Wednesday, with investor speculation high that Jap..
News
Euro zone yields edge up before inflation data, caution over France
(Reuters) -Euro zone government bond yields rose on Wednesday as investors awaited inflation data from the United States and some me..
News
Yen tumbles to 38-year low vs dollar as likely Japan intervention looms
By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) – The yen dropped to its lowest against the U.S. do..
News
UK retail sales go into reverse this month, CBI survey shows
(Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry su..
News
Aussie dollar jumps on inflation spike, while yen stays under pressure
LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on Wednesday raised the prospect of anoth..
News
Exclusive-Doordash held talks with UK’s Deliveroo on takeover, sources say
By Amy-Jo Crowley and Abigail Summerville LONDON (Reuters) – U.S. meal delivery group Doordash flagged an interest in a takeove..
News
Miner BHP’s carbon emissions to rise slightly this year
MELBOURNE (Reuters) -BHP Group’s operational carbon emissions are set for a “small increase” this financial year, an..
News
Analysis-France may be next test of the euro’s foundations
FRANKFURT/PARIS (Reuters) – “Because it’s France” was how Jean-Claude Juncker, European Commission president a..
News
Oil ticks up on inventory drawdown outlook, Middle East risks
SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopol..
News
Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify
(Reuters) – Covestro, the German chemicals maker in talks to be acquired by ADNOC, on Tuesday launched an efficiency programme t..
News
Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
TOKYO (Reuters) – Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japan..
News
Oil prices steady as inflation worries limit summer demand optimism
SINGAPORE (Reuters) – Oil prices were little changed on Tuesday after rising in the previous session as investors were cautious ..
News
Asian shares subdued, yen hits record low versus euro
SYDNEY (Reuters) – Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, although the ri..
News
China’s BYD launches third EV model in Japan
TOKYO (Reuters) -China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most exp..
News
London’s FTSE 100 flat; energy, miners lead decline
(Reuters) – London’s FTSE 100 was flat on Monday as investors turned cautious ahead of key inflation data in the United S..
News
Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites
(Reuters) -British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group ..
News
Prosus full-year core headline earnings jump 84%
(Reuters) – Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong perf..
News
Oil eases as strong dollar weighs on commodities markets
By Florence Tan SINGAPORE (Reuters) -Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and ..
News
German residential property prices keep falling in Q1
(Adds missing economist name in paragraph 6) BERLIN (Reuters) -German residential property prices continued to fall in the first quart..
News
UK’s Britvic rejects revised takeover proposal from Carlsberg
(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the ..
News
Analysis-Consumer-focused lending under Labour could dent UK bank profits
LONDON (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to g..
News
Asian shares end the week with a whimper, yen back to intervention watch
SYDNEY (Reuters) -Asian shares are ending the week with a whimper after a recent rally to 26-month highs drew profit-taking, while the..
News
Swiss National Bank presses ahead as rate cutting front-runner
By John Revill ZURICH(Reuters) -The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easin..
News
Analysis-UK markets jolted back to life by rate cut hopes, election buzz
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Traders upped bets for a Bank of England rate cut in August, helping to u..
News
Accenture forecasts 2024 revenue growth above estimates on AI demand
Accenture forecasts 2024 revenue growth above estimates on AI demand (Reuters) -IT services provider Accenture projected annual revenu..
News
Italy boosts crypto risk oversight and toughens sanctions, draft shows
ROME (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for..
News
Asian stocks hold on to gains; BoE in focus
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks took a breather on Thursday, hovering near their highest in two years as t..
News
UK election pledges fall short of $48 billion health funding gap, think tank says
LONDON (Reuters) – Election pledges by Britain’s governing Conservatives and the opposition Labour Party do not set out ho..
News
British review of “politically exposed” bank clients put off until election
LONDON (Reuters) – Britain’s financial watchdog will wait until after next month’s national election to publish its ..
News
Germany’s working-age population to decline by 2% by 2045, study shows
BERLIN (Reuters) – Germany will see its working-age population decrease by 2% by 2045, according to a forecast released on Wedn..
News
UK inflation back to 2% target for first time since 2021
LONDON (Reuters) -British inflation returned to its 2% target in May for the first time in nearly three years, data showed on Wednesda..
News
UK’s Berkeley turns to build-to-rent segment; raises earnings view
(Reuters) -British high-end homebuilder Berkeley lifted its earnings outlook by 5% for fiscal year 2025 on Wednesday and said it would..
News