EU carbon border tax will do little to cut emissions, ADB study says
By David Stanway SINGAPORE (Reuters) -A European Union plan to impose tariffs on high-carbon imports could hurt developing countries ..
News
All Posts
Facing Chinese EV rivals, Europe’s automakers squeeze suppliers on costs
By Nick Carey LONDON (Reuters) -Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut..
News
Marketmind: Markets brace for inflation trifecta
A look at the day ahead in European and global markets from Wayne Cole It’s all about inflation this week with markets pricing ..
News
UK job vacancies fall 15% year-on-year in January, Adzuna data shows
LONDON (Reuters) – British employers advertised the fewest jobs in nearly three years last month, with numbers down 15% from a ..
News
Infineon bets on AI boom to spur more lucrative chip sales
FRANKFURT (Reuters) – Germany’s Infineon is banking on a boom in artificial intelligence (AI) to generate billions in rev..
News
ABB picks electrification chief Wierod as CEO
ZURICH (Reuters) -ABB appointed Morten Wierod as chief executive on Friday, replacing Bjorn Rosengren who led an overhaul of the Swis..
News
Stocks bask in tech mania, Nvidia boom
SYDNEY (Reuters) -Global stock markets are on course on Friday for a week of heady gains as AI darling Nvidia’s stunning results..
News
StanChart lowers income target, launches $1 billion share buyback as profit jumps 18%
HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as pr..
News
Allianz nearly doubles Q4 net profit, helped by health and life business
FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net profit from a year earlier, a figure that came in j..
News
BASF dials up cost cuts in Germany, flags earnings rebound
By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF will slash another 1 billion euros ($1.1 billion) in annual costs at its L..
News
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
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
TOKYO (Reuters) – As Japan’s Nikkei catapults past its bubble-era peak and investors grow confident of future gains, flows..
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..
Research Reports
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 f..
News
German economy in stormy waters as government slashes forecast
By Christian Kraemer and Rachel More BERLIN (Reuters) -The German government expects the economy to grow 0.2% this year, far less tha..
News
London’s iconic BT Tower to become a hotel
LONDON (Reuters) -London’s iconic BT Tower is set to become a luxury hotel after the owner BT Group agreed to sell the 177-metre..
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
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts..
News
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
(Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lende..
News
News
Barclays plans cost cuts, bumper buybacks in bid to boost shares
Barclays plans cost cuts, bumper buybacks in bid to boost shares
LONDON (Reuters) -Barclays laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, return..
News
Dialysis firm FMC sees robust 2024 earnings growth after strong Q4
GDANSK (Reuters) – Fresenius Medical Care on Tuesday forecast its core earnings to grow by a mid- to high-teens percentage this..
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 so..
News
Air Liquide tops profit forecast, hikes 2025 margin target
(Reuters) -French industrial gases firm Air Liquide on Tuesday posted a better-than-expected annual operating profit and said it had r..
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
LONDON (Reuters) – The pound edged slightly higher on Monday after falling last week, as investors waited for new impetus from s..
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
By Elizabeth Pineau and Geert De Clercq PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had lowered its f..
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