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Wall Street rallies, Treasury yields rise as high profile earnings loom

Wall Street rallies, Treasury yields rise as high profile earnings loom

By Stephen Culp NEW YORK (Reuters) – Wall Street rebounded from Friday’s selloff and benchmark Treasury yields rose as in..

Tesla earnings: investors watching margins, deliveries, self-driving

Tesla earnings: investors watching margins, deliveries, self-driving

(Reuters) – Tesla’s margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023..

BioNTech warns of write-off of up to 900 million euros on COVID vaccine

BioNTech warns of write-off of up to 900 million euros on COVID vaccine

By Ludwig Burger BERLIN (Reuters) – Shares in Germany’s BioNTech fell on Monday after it flagged write-downs of up to 900..

Bayer to introduce its direct-seeded rice system in the Philippines

Bayer to introduce its direct-seeded rice system in the Philippines

MANILA (Reuters) – Bayer AG said on Monday it plans to bring its direct-seeded rice programme to the Philippines in 2024, offeri..

Polish stocks rise in first session after parliamentary election

Polish stocks rise in first session after parliamentary election

GDANSK (Reuters) – Polish stocks rallied on Monday after the ruling nationalists looked to have fallen short of a parliamentary ..

Atos Chairman Meunier steps down amid shareholders’ uproar

Atos Chairman Meunier steps down amid shareholders’ uproar

(Reuters) – Atos Chairman Bertrand Meunier has stepped down, the French IT consulting group said on Monday, following an uproar ..

Dollar buoyed by safe-haven bids, rate jitters

Dollar buoyed by safe-haven bids, rate jitters

By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East es..

KKR prepares binding bid for Telecom Itali a’s grid as deadline looms

KKR prepares binding bid for Telecom Itali a’s grid as deadline looms

By Elvira Pollina MILAN (Reuters) – U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TI..

Dollar softens slightly, yen in touching distance of 150

Dollar softens slightly, yen in touching distance of 150

LONDON (Reuters) – The U.S. dollar edged lower on Friday after its biggest daily increase since March the day before, as hot U.S..

Porsche: deliveries up in every region but China in first 9 months of 2023

Porsche: deliveries up in every region but China in first 9 months of 2023

BERLIN (Reuters) – Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, ..

Map maker TomTom’s Q3 loss narrows boosted by car branch growth

Map maker TomTom’s Q3 loss narrows boosted by car branch growth

(Reuters) -Digital mapping specialist TomTom on Friday reported a smaller than expected operating loss for the third quarter, driven b..

Singapore Q3 GDP up 0.7% y/y

Singapore Q3 GDP up 0.7% y/y

SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data show..

EU opens probe into X in test of new tech rules, pressure on TikTok, Meta

EU opens probe into X in test of new tech rules, pressure on TikTok, Meta

BRUSSELS/DALLAS (Reuters) -EU industry chief Thierry Breton on Thursday opened an investigation into Elon Musk’s X, the first un..

Ericsson books $3 billion impairment, says Q3 core profit fell 39%

Ericsson books $3 billion impairment, says Q3 core profit fell 39%

STOCKHOLM (Reuters) -Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acquis..

Travis Perkins shares sink as weak housing market prompts profit warning

Travis Perkins shares sink as weak housing market prompts profit warning

LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit forecast by as ..

Asia stocks hit 2-week high as Fed talk turns dovish

Asia stocks hit 2-week high as Fed talk turns dovish

SINGAPORE (Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish shift in tone from F..

Euribor revamp aims to attract wider pool of banks

Euribor revamp aims to attract wider pool of banks

LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp of the borrowing benchmark fro..

HP forecasts 2024 profit in line with estimates, boosts annual dividend

HP forecasts 2024 profit in line with estimates, boosts annual dividend

(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting s..

Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say

Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say

By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broa..

Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement

Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement

(Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioi..

Estonia launches investigation into underwater communications cable malfunction -PM

Estonia launches investigation into underwater communications cable malfunction -PM

(Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under th..

IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone

IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone

By Andrea Shalal MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Tuesday cut its growth forecasts for China and the ..

Ireland lays out plans for 100 billion euro sovereign wealth fund

Ireland lays out plans for 100 billion euro sovereign wealth fund

By Padraic Halpin and Graham Fahy DUBLIN (Reuters) -Ireland laid out plans in Tuesday’s budget to turn some of the healthiest p..

Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032

Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032

By Gabrielle Tétrault-Farber NYON, Switzerland(Reuters) -The United Kingdom and Ireland will host the 2028 European Championship, w..

Bank of England to review how it stress tests banks

Bank of England to review how it stress tests banks

LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said on Tuesday, a..

IMF says ‘weak tail’ of banks could struggle in an economic downturn

IMF says ‘weak tail’ of banks could struggle in an economic downturn

WASHINGTON (Reuters) -Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, de..

Dollar stalls as dovish Fed and China hopes help euro

Dollar stalls as dovish Fed and China hopes help euro

By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as inves..

Bank of England warns that some global asset valuations appear stretched

Bank of England warns that some global asset valuations appear stretched

By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that valuations for some financial assets may b..

Imperative for Italy to control public spending, economy minister says

Imperative for Italy to control public spending, economy minister says

ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essential as the European ..

Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources

Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources

LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in internati..

Dollar gains against euro in flight to safety on Israel-Palestinian fighting

Dollar gains against euro in flight to safety on Israel-Palestinian fighting

NEW YORK/LONDON (Reuters) – The safe-haven dollar rose on Monday against the euro and sterling as military clashes between Israe..

Renewables funds see record outflows as rising rates, costs hit shares

Renewables funds see record outflows as rising rates, costs hit shares

BENGALURU/LONDON (Reuters) – Investors ditched renewable energy funds at the fastest rate on record in the three months to end-S..

Investors on guard for oil price spike as Middle East turmoil rattles markets

Investors on guard for oil price spike as Middle East turmoil rattles markets

(Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U...

GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion

GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion

By Maggie Fick and Andrew Silver LONDON/SHANGHAI (Reuters) – China’s largest vaccines company Zhifei will pay British dru..

UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict

UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict

(Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Europe and the U.S., as oil majors rallied on..

Oil, gold jump, stocks slip on Middle East conflict

Oil, gold jump, stocks slip on Middle East conflict

NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global stock indexes eased on Monday..

European stocks slip amid Middle East conflict jitters

European stocks slip amid Middle East conflict jitters

By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) – European stocks came under pressure on Monday as Mideast military..