Telecom Italia boosted by rival offer for landline grid
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) shares rose as much as 5% on Monday after Italian state investor CDP and Austr..
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Spain’s inflation to be lower this year than in 2022 -minister
MADRID (Reuters) -Spanish Economy Minister Nadia Calvino said on Monday she expects inflation will be lower this year than in 2022 tho..
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Tesla cuts U.S. Model S and Model X prices between 4% and 9%
(Reuters) -Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company’s..
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EU, US working on deal to make EV minerals eligible for tax credits -EU official
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -The United States and European Union are working toward agreement in princ..
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Wall Street stocks power higher as Treasury yields and dollar ease
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) – Wall Street stocks posted strong gains while Treasury yields and the d..
Finance
Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday,..
Finance
Offshore crews to strike on BP’s North Sea installations, says Unite
(Reuters) – Nearly 50 offshore workers on several of BP’s North Sea installations have backed strike action in pursuit of a pay ..
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Lufthansa expects further ‘significant improvement’ after return to profit
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented”..
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Oil prices stable, heading for weekly gain
By Shadia Nasralla LONDON (Reuters) -Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China&#..
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Cepsa to nearly double investments over next 3 years as profit soars
MADRID (Reuters) -Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years to a total of 3.6..
Finance
Euro zone recovery gathers pace, allays fears of recession-PMI
LONDON (Reuters) – The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’..
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Morgan Stanley, others now forecast 4% peak for key ECB rate
By Sudip Kar-Gupta (Reuters) -Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank..
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British property portal Rightmove hikes dividend after annual profit jump
(Reuters) -British real-estate portal Rightmove Plc on Friday raised its final dividend payment and posted a higher annual operating p..
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Latest four-member SpaceX crew docks with International Space Station
By Steve Gorman (Reuters) – A SpaceX Crew Dragon capsule arrived safely at the International Space Station (ISS) early on Friday..
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Credit Suisse offers higher deposit rates in Asia to woo the wealthy – sources
By Selena Li HONG KONG (Reuters) -Credit Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy cli..
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Dollar firms after U.S. labor data suggests more rate hikes
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointe..
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Estonia’s pro-Kyiv government faces election test amid cost of living crisis
By Andrius Sytas KOHTLA-JARVE, Estonia (Reuters) – One of Europe’s most staunchly pro-Ukrainian governments faces a challe..
Finance
Britain’s Nationwide curbs cryptocurrency purchases by customers
By Lawrence White and Elizabeth Howcroft LONDON (Reuters) – Britain’s Nationwide Building Society has restricted customers..
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Italy Jan jobless rate edges up to 7.9%, with 35,000 jobs created
ROME (Reuters) – Italy’s unemployment rate rose slightly to 7.9% in January from an unrevised 7.8% the month before, natio..
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Merck KGaA expects 2023 profit to slip as COVID demand wanes
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a declin..
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Covestro sees lower 2023 profit, cash flow as macro challenges prevail
By Bartosz Dabrowski and Andrey Sychev (Reuters) -German chemicals maker Covestro said on Thursday it expected lower core profit and l..
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Switzerland’s Clariant sees slight sales drop in 2023
(Reuters) -Clariant said on Thursday it expects annual sales to slightly decline in 2023 after reporting sales for the full year fairl..
Business
Budweiser APAC bets on post-COVID China thirst for premium beer
BEIJING (Reuters) – Budweiser Brewing Co APAC, Asia’s largest beer company by sales, said on Thursday it will expand into ..
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Global energy-related CO2 emissions edged up to record high in 2022 – IEA
By Susanna Twidale LONDON (Reuters) – Global energy-related emissions of carbon dioxide hit a record high last year, although mo..
Industries
Renault, Geely ink pact with Aramco for engine venture
(Reuters) -Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault..
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Dollar finds footing as focus turns to Europe inflation
By Tom Westbrook SINGAPORE (Reuters) – The dollar caught its breath in Asia on Thursday, steadying as U.S. yields went up while ..
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Australia’s Macquarie explores $6 billion deal for Britain’s M&G, Sky News reports
(Reuters) – Australian investment bank Macquarie Group Ltd is at the early stages of exploring a takeover bid of over 5 billion ..
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Volkswagen’s financial services undergoing reorganization
FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financ..
Finance
Analysis-Watch out risk assets, the rout in bonds is coming your way
By Dhara Ranasinghe, Nell Mackenzie and Yoruk Bahceli LONDON (Reuters) – The selling gripping the world’s biggest bond mar..
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Dollar slips, yuan gains on China PMI; hot inflation lifts euro
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid and China’s yuan gained on Wednesday after Chin..
Finance
Bank finance for cleaner energy grows, but still lags fossil fuels – report
LONDON (Reuters) -Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil fuels ..
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Wall St indexes mixed, Treasury yields tick up as higher rates loom
By Lawrence Delevingne and Samuel Indyk (Reuters) – Wall Street indexes and global equities were mixed on Tuesday and bonds wrap..
Finance
At the home of Zara, fast and slow fashion collide
By Corina Pons and Virginia Furness A CORUNA, Spain/LONDON (Reuters) – In Spain’s A Coruna, two contrasting fashion busine..
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Adecco sees signs of a hiring slowdown at start of 2023
By John Revill ZURICH (Reuters) -Adecco said its hiring activity had weakened modestly at the start of 2023 after the staffing company..
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Germany home prices to sink nearly 6% this year – Reuters Poll
By Indradip Ghosh BENGALURU (Reuters) – Home prices in Germany will fall more sharply this year and next than previously thought..
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Japan’s factory output posts biggest fall in 8 months on weak autos, chips sectors
By Kantaro Komiya TOKYO (Reuters) – Japan’s factory output shrank at the fastest pace in eight months in January as declin..
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TD, other banks reach $1.35 billion settlements to end Stanford litigation
By Jonathan Stempel (Reuters) -Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who ac..
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