News

StanChart lowers income target, launches $1 billion share buyback as profit jumps 18%

StanChart lowers income target, launches $1 billion share buyback as profit jumps 18%

HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders w..

Allianz nearly doubles Q4 net profit, helped by health and life business

Allianz nearly doubles Q4 net profit, helped by health and life business

FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net p..

BASF dials up cost cuts in Germany, flags earnings rebound

BASF dials up cost cuts in Germany, flags earnings rebound

By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF will slash another 1 bil..

ECB reports record loss for 2023 as rate hikes bite

ECB reports record loss for 2023 as rate hikes bite

FRANKFURT (Reuters) – The European Central Bank on Thursday reported a record..

China’s Xpeng signs partnership with UAE’s Ali&Sons, eyes Italian market

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 ..

As Nikkei eclipses 34-year record, derivatives signal stall ahead

As Nikkei eclipses 34-year record, derivatives signal stall ahead

TOKYO (Reuters) – As Japan’s Nikkei catapults past its bubble-era peak a..

TotalEnergies Texas refinery running at minimal rates, say sources

TotalEnergies Texas refinery running at minimal rates, say sources

HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Por..

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

(Reuters) – German food delivery company Delivery Hero said on Wednesday that..

German economy in stormy waters as government slashes forecast

German economy in stormy waters as government slashes forecast

By Christian Kraemer and Rachel More BERLIN (Reuters) -The German government expect..

London’s iconic BT Tower to become a hotel

London’s iconic BT Tower to become a hotel

LONDON (Reuters) -London’s iconic BT Tower is set to become a luxury hotel aft..

UK sees record monthly budget surplus, but tough picture ahead of budget

UK sees record monthly budget surplus, but tough picture ahead of budget

LONDON (Reuters) -Britain chalked up its highest ever monthly budget surplus in Janu..

Coffee group JDE Peet’s posts surprise growth in 2023 operating profit

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 W..

Asian shares ease as early rate cut bets fizzle, focus on Fed minutes

Asian shares ease as early rate cut bets fizzle, focus on Fed minutes

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Wednesday as di..

Beijing shuts highways after heavy snowfall

Beijing shuts highways after heavy snowfall

BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-than..

Crypto firm Circle to end support for USDC stablecoin on Tron blockchain

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 suppo..

UK employers offer smaller pay rises at start of 2024, XpertHR survey shows

UK employers offer smaller pay rises at start of 2024, XpertHR survey shows

LONDON (Reuters) – British employers scaled back the annual pay settlements th..

Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million

Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million

(Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensat..

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,..

Dialysis firm FMC sees robust 2024 earnings growth after strong Q4

Dialysis firm FMC sees robust 2024 earnings growth after strong Q4

GDANSK (Reuters) – Fresenius Medical Care on Tuesday forecast its core earnin..

China slashes mortgage reference rates to revive property market

China slashes mortgage reference rates to revive property market

SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the ben..

Air Liquide tops profit forecast, hikes 2025 margin target

Air Liquide tops profit forecast, hikes 2025 margin target

(Reuters) -French industrial gases firm Air Liquide on Tuesday posted a better-than-..

Marketmind: Wages will test wagers on rates

Marketmind: Wages will test wagers on rates

A look at the day ahead in European and global markets from Tom Westbrook Europe..

German homes are still overvalued despite price drop – Bundesbank

German homes are still overvalued despite price drop – Bundesbank

FRANKFURT (Reuters) – German homes are still overvalued despite a fall in pric..

Sterling inches higher after last week’s fall

Sterling inches higher after last week’s fall

LONDON (Reuters) – The pound edged slightly higher on Monday after falling las..

‘Oppenheimer’ triumphs at BAFTA Film Awards with most win

‘Oppenheimer’ triumphs at BAFTA Film Awards with most win

By Marie-Louise Gumuchian LONDON (Reuters) -“Oppenheimer”, a three-hour..

Marketmind: China markets look like they need another holiday

Marketmind: China markets look like they need another holiday

By Wayne Cole (Reuters) – A look at the day ahead in European and global mark..

UK property prices show first annual rise since August – Rightmove

UK property prices show first annual rise since August – Rightmove

LONDON (Reuters) – The prices of homes being put up for sale in Britain have ..

France cuts 2024 growth forecast as outlook darkens

France cuts 2024 growth forecast as outlook darkens

By Elizabeth Pineau and Geert De Clercq PARIS (Reuters) -French Finance Minister Br..

Factbox-Main winners at the 2024 BAFTA Film Awards

Factbox-Main winners at the 2024 BAFTA Film Awards

LONDON (Reuters) – Britain’s top movie honours, the BAFTA Film Awards, ..

England’s NHS to trim main healthcare wait list ahead of election

England’s NHS to trim main healthcare wait list ahead of election

LONDON (Reuters) -England’s health service will move about 40,000 pending chil..

England’s NHS to trim main healthcare wait list ahead of election

England’s NHS to trim main healthcare wait list ahead of election

LONDON (Reuters) -England’s health service will move about 40,000 pending chil..

Swedish January inflation up as expected, rate cut set for mid-year

Swedish January inflation up as expected, rate cut set for mid-year

By Simon Johnson STOCKHOLM (Reuters) – Headline Swedish inflation picked up p..

Dollar stands firm as sticky US inflation dents rate cut expectations

Dollar stands firm as sticky US inflation dents rate cut expectations

By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Monday after data l..

Asia shares sputter as China returns with low energy

Asia shares sputter as China returns with low energy

SYDNEY (Reuters) -Asian shares struggled to make much ground on Monday as fading cha..

Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops

Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops

(Reuters) -Westpac Banking Corp said it sees scope for monetary policy in Australia ..

Spanish conservatives retain majority in Galicia regional vote

Spanish conservatives retain majority in Galicia regional vote

MADRID (Reuters) -Spain’s opposition conservative People’s Party retaine..

UK shoppers pick up their spending, signalling quick end to recession

UK shoppers pick up their spending, signalling quick end to recession

LONDON (Reuters) -British retail sales jumped by the most in almost three years in J..