Morning Bid: Global risk rally hinges on payrolls
A look at the day ahead in European and global markets from Rae Wee Closely watched U.S. nonfarm payrolls data on Friday marks the fin..
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Netflix tests biggest TV app redesign in 10 years
By Lisa Richwine LOS ANGELES (Reuters) – Netflix started rolling out the first major revamp of its television app in a decade o..
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ECB delivers its first rate cut in five years
FRANKFURT (Reuters) -The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, keeping its word de..
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Sterling ticks lower as wage growth expectations ease
LONDON (Reuters) – The pound softened versus the euro on Thursday ahead of a European Central Bank meeting and after data showe..
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World leaders, veterans, commemorate D-Day’s 80th anniversary in Normandy
By Elizabeth Pineau, John Irish and Jeff Mason VER-SUR-MER, France (Reuters) -Moving letters from veterans were read out as ceremonie..
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French jet engine maker Safran gets Italy’s clearance to buy Microtecnica
French jet engine maker Safran gets Italy’s clearance to buy Microtecnica
By Olivier Sorgho (Reuters) – French jet engine maker and defence company Safran said on Thursday it had received clearance from Italy to buy M..
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Salesforce to open first AI centre in London
LONDON (Reuters) – Salesforce has picked London for its first AI centre, where it said industry experts, developers and customer..
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Trafigura’s first-half net profit falls in calmer market
By Natalie Grover LONDON (Reuters) – Trading house Trafigura posted a more than 74% drop in net profit in the first half of its..
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German industrial orders unexpectedly fall in April
(Reuters) – German industrial orders unexpectedly fell in April, marking the fourth month in a row of decreases, due to a signi..
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UK services firms report slower growth and weaker inflation, PMI shows
By David Milliken LONDON (Reuters) – Growth among Britain’s services businesses eased in May from April’s 11-month ..
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Oil comes off four-month low as US jobs data fuels rate cut bets
LONDON (Reuters) -Oil prices edged up from four-month lows on Wednesday after a fillip from a U.S. jobs report that firms up the case ..
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Stocks gain on rate-cut wagers as ECB meeting looms
MILAN (Reuters) – World shares rose on Wednesday and the dollar inched up, with a European Central Bank policy meeting coming in..
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Euro zone business activity expands at fastest rate in a year, PMI shows
BENGALURU (Reuters) – Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc’s d..
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Boeing to try again to launch first Starliner crewed mission
By Joey Roulette WASHINGTON (Reuters) – Boeing’s Starliner spacecraft is set for a third attempt to fly astronauts to spa..
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UK new car sales grows in May despite drop in private consumer purchases – SMMT
(Reuters) -New car registrations in Britain rose in May helped by higher fleet vehicle demand, industry data showed on Wednesday, cou..
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Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says
Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says By Jesús Aguado LONDON (Reuters) – Spain’s BBV..
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Nike cutting jobs at European headquarters in the Netherlands -Bloomberg
AMSTERDAM (Reuters) – Nike [NKE.N] is cutting jobs at its European headquarters in the Dutch city Hilversum, Bloomberg reported..
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Oil near 4-mth low after OPEC+ supply plan, US stock build
By Florence Tan SINGAPORE (Reuters) -Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decisi..
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UK discounter B&M profit up 10%, boosted by new store openings
LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflectin..
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Zara owner Inditex reports slowing quarterly sales growth
MADRID (Reuters) -Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with..
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Microsoft takes its AI push to customer service call centers
By Stephen Nellis (Reuters) – Microsoft on Tuesday said it will introduce new artificial intelligence tools for customer servic..
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Roaring Kitty’s GameStop options up millions, but cashing in may be tricky
NEW YORK (Reuters) – “Roaring Kitty” Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitt..
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Regulators lack resources to tackle greenwashing, says EU watchdog
LONDON (Reuters) -Market watchdogs across the European Union have punished few instances of “greenwashing” by financial fi..
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EU clears 1.75 billion euro compensation for eastern German coal exit
BERLIN (Reuters) -Germany’s economy ministry said it won the European Commission’s clearance in principle to compensate po..
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Oil drops more than $1 as OPEC+ decision spotlights shaky demand
By Paul Carsten LONDON (Reuters) -Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later..
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Dollar stands tall as traders mull Fed outlook; focus on ECB
LONDON (Reuters) -The dollar held steady on Monday, as investors warmed to the idea that U.S. inflation may have slowed enough for the..
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Morning Bid: Markets in upbeat mood as factories hum
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Share markets have started the week in a pos..
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OPEC+ extends deep oil production cuts into 2025
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output ..
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Downturn in German manufacturing may be bottoming out, PMI shows
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s bigg..
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Asian factory activity expands in May on robust global demand
By Leika Kihara TOKYO (Reuters) -Asian factory activity expanded in May as manufacturers benefited from broadening global demand, pri..
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What S&P’s ratings downgrade means for France
PARIS (Reuters) -Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign debt should in the..
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Italian banks must invest more in technology, central bank says
ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said..
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UK supermarket sales set for Euro 2024 fillip, says NIQ
LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for..
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Euro zone inflation rises in fresh signal for ECB caution
By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank ..
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Pound heads for best monthly gain of 2024 ahead of US inflation
LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectati..
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Dell shares slump as heavy AI investments expected to dent margin
(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent it..
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Dollar slides after US inflation meets expectations in April
By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2..
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