Explainer-What new OPEC+ oil output cuts are in place after Thursday deal
LONDON (Reuters) -OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) fo..
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China Asset Management Co., Ltd. Recognized with Two Key Accolades in the 2023 Global Banking & Finance Awards®
China Asset Management Co., Ltd. (ChinaAMC) continues its streak of excellence. For the fourth consecutive year, Global Banking & ..
Finance
Analysis-Schnabel reconciles ECB with markets – until next fight
FRANKFURT (Reuters) – The European Central Bank’s leading hawk Isabel Schnabel has reconciled her institution with investo..
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Dollar steady after key jobs data comes in below estimates
WASHINGTON/LONDON (Reuters) -The U.S. dollar stood near a one-week high against a basket of currencies on Tuesday, after fresh employm..
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COP28 focus on health draws $777 million to fight tropical disease
By Gloria Dickie, Elizabeth Piper and Alexander Cornwell DUBAI (Reuters) -The United Arab Emirates and several charities at the U.N. ..
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UK retailers see weak sales growth in November despite Black Friday deals
LONDON (Reuters) -British retail sales growth remained sluggish in November despite Black Friday deals, as the ongoing cost-of-living ..
Business
Dollar finds footing ahead of job data deluge
By Amanda Cooper LONDON (Reuters) – The U.S. dollar regained some ground on Tuesday and hovered near a one-week high against a ..
Finance
Fall in euro zone Nov business activity adds to recession expectations -PMI
LONDON (Reuters) – The downturn in euro zone business activity eased last month but still indicates the bloc’s economy wil..
Business
Swathes of Siberia freeze in temperatures below -58 Celsius
YAKUTSK, Russia (Reuters) – Arctic weather enfolded swathes of Russia on Tuesday, with temperatures in the wilds of Siberia fal..
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One size does not fit all: Why more companies are turning to bespoke AI rather than in-platform solutions
Everyone has been talking about AI recently, especially with the UK’s AI Summit and AI World Congress happening this month..
Technology
Dollar gains back ground on rate bets; bitcoin breaches $42,000
WASHINGTON/LONDON (Reuters) – The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks o..
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Spotify to cut 1,500 jobs in third layoff round this year, shares jump
STOCKHOLM (Reuters) – Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its wo..
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German budget crisis talks enter crunch week
BERLIN (Reuters) – German Chancellor Olaf Scholz, Finance Minister Christian Lindner and Economy Minister Robert Habeck held tal..
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EU auditors warn about worsening competition in public procurement
By Gabriela Baczynska BRUSSELS (Reuters) – Competition in public procurement across the 27 European Union countries worsened ..
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Sweden’s Riksbank says policy must remain tight, can’t rule out hike – minutes
STOCKHOLM (Reuters) – Swedish monetary policy needs to remain tight for some time and the policy rate may need to be raised furt..
Finance
Oil down as uncertainty over OPEC+ supply cuts, demand growth weigh
NEW DELHI (Reuters) – Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decisio..
Finance
AI defined 2023. Bullets and ballots will shape 2024
By Simon Robinson (Reuters) – How to sum up the most important news of the year past? The obvious answer in 2023 is to use Arti..
Technology
Analysis-EU’s electric dreams short-circuited by EV charging gridlock
BRUSSELS (Reuters) – Electric vehicle drivers hoping to top up their batteries at one of Repsol’s 1,600 Spanish charging s..
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Market pushback on central banks’ rates view just got louder
LONDON (Reuters) -A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets..
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Markets pin hopes on soft landing, with one eye on recession risk
By Yoruk Bahceli, Dhara Ranasinghe and Naomi Rovnick (Reuters) – A stellar rally in equities and bonds suggests market confiden..
Finance
Analysis-Job cuts, lean bonuses loom over Europe’s bankers in 2024
LONDON (Reuters) – A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers ..
Business
Marketmind: Markets wary Powell may undermine rate-cut bets
A look at the day ahead in European and global markets from Ankur Banerjee With a blockbuster November in the rear view mirror, invest..
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After Musk tirade, X faces prospect of more advertisers fleeing
(Reuters) -Social media company X faces the prospect of more advertisers fleeing and has no clear fix in sight, ad industry experts sa..
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Henry Kissinger, American diplomat and Nobel winner, dead at 100
WASHINGTON (Reuters) -Henry Kissinger, a diplomatic powerhouse whose roles as a national security adviser and secretary of state under..
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UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
ZURICH (Reuters) – Billionaires increased in numbers and overall wealth last year, Swiss bank UBS said on Thursday, with the for..
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Public investors with $4.3 trln are down on China but in on net zero
By Libby George and Bansari Mayur Kamdar LONDON (Reuters) – Public pension and sovereign wealth funds managing $4.3 trillion in..
Finance
Exclusive-Four banks quit initiative assessing climate targets-sources
By Tommy Wilkes LONDON (Reuters) -Four major banks, including Standard Chartered Plc and HSBC Plc, have quit a United Nations-backed ..
Finance
Swedish property problems could accelerate price drops in Denmark, central bank says
COPENHAGEN (Reuters) – Denmark’s central bank said on Tuesday that the risk of further price drops in the commercial prope..
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Britain to promote share ownership in bid to encourage London IPOs
LONDON (Reuters) – Britain plans further measures to encourage people to buy shares in an effort to boost economic growth and he..
Business
UK’s FTSE 100 dips on miners, energy drag
By Shashwat Chauhan (Reuters) -UK’s FTSE 100 slipped on Monday, as losses in heavyweight energy and mining stocks chipped away ..
Finance
Baer says exposure to single group tops 600 million francs, as Signa crisis deepens
ZURICH (Reuters) -Julius Baer, which has been expected to write down some loans to troubled property group Signa, said on Monday it ha..
Business
Marketmind: Markets turn risk-averse after bumper month
A look at the day ahead in European and global markets from Wayne Cole. Asia started Monday in hesitant fashion and has turned steadi..
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BoE’s Bailey says getting inflation to 2% will be ‘hard work’
BoE’s Bailey says getting inflation to 2% will be ‘hard work’ LONDON (Reuters) -Bank of England Governor Andrew Bail..
Finance
Stocks snooze in Thanksgiving lull, still on course for best month in three years
By Naomi Rovnick and Stella Qiu LONDON/SYDNEY (Reuters) -Global shares drifted on Friday in the absence of guidance from Wall Street,..
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Dollar eases in thin Black Friday trading on bets rates have peaked
LONDON/SINGAPORE (Reuters) – The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged ..
Finance
China offers visa-free entry for citizens of France, Germany, Italy
BEIJING (Reuters) -China will temporarily exempt citizens of France, Germany, Italy, the Netherlands, Spain and Malaysia from needing ..
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Global equity funds attract inflows on hopes for end to Fed rate rises
(Reuters) – Global equity funds attracted robust inflows in the seven days leading to Nov. 22, spurred by growing expectations ..
Finance